Real Estate Datapoints of the Day

Value,

in dollars per square foot, of the HSBC building in London’s Canary Wharf: $1,976

Value, in dollars per square

foot, of Rockefeller Center in Midtown Manhattan: $1,400

It’s true that the HSBC building is much newer, and is custom-designed for

the needs of a modern global bank. But still. It’s in Canary Wharf.

It’s worth noting that Norman Foster’s "erotic gherkin", a/k/a 30

St Mary Axe, sold

for £630 million, which works out at $2,512 for each

of its 500,000 square feet.

Yes, the strength of the pound makes such comparisons a little invidious. But

we econobloggers

like them all the same.

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