<![CDATA[London, Tokyo, New York Office Rents Fall First Time Since 2002]]>

1.0 link 146473 <![CDATA[London, Tokyo, New York Office Rents Fall First Time Since 2002]]> http://www.huffingtonpost.com/2008/11/25/london-tokyo-new-york-off_n_146473.html Office rents in London's West End, midtown Manhattan and Tokyo fell in the third quarter for the first time in almost seven years as the global financial crisis cut demand, CB Richard Ellis Group Inc. said.

The total office occupancy cost in the West End was 139.50 pounds ($248.66) per square foot a year in the 12 months ended Sept. 30, down 5.1 percent from a year earlier, Los Angeles-based CB Richard Ellis said today in its semiannual global-office survey. Rents...

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