Where Startup Costs Are Sky High

Office space can prove detrimentally expensive for startups seeking to establish themselves in major cities worldwide. London's Shoreditch district has been named the costliest creative district worldwide in a report by Knight Frank. Leasing and fitting-out a 600 sq ft office space there would cost $66,706 per year. Brooklyn was named the second most expensive creative district for startups while Mid-Market in Francisco rounded off the top three.