01 Oct 2015 - Pakistan (Karachi)
I am in Karachi in Pakistan. This is a mega-city being the second largest city in the world by population with over 20 million people.
Yesterday I looked at the office market and some of the main “corporate” buildings such as Ocean Tower, The Forum, Emerald Tower and Dolmen Harbour Front. Offices are delivered to a “shell” here and prime Grade A averages PKR 150 /sq ft /month.
There are four main hotels in the city centre being the Pearl Continental, Marriott, Movenpick, and Avari. Although there is practically no tourism they are busy with over 70% occupancy.
Movenpick - former Sheraton (left) and Pearl Continental (right)