By John Glenday

London has been crowned the world’s priciest city in which to establish a tech start-up, with the cost of commercial office space in Shoreditch soaring higher than San Francisco or Brooklyn according to commercial property consultants Knight Frank.

The survey put the annual cost of leasing 600sq/ft of office space in Shoreditch at $67k, higher than equivalent markets in Brooklyn and San Francisco, which would set prospective occupants back $63k and $62k respectively.

This has stoked concerns that runaway costs could be hampering the city’s ability to nurture future tech and creative businesses which may be priced out of the market.

Knight Frank Read full story ›

Source: The Drum