The 29 most expensive tech districts in the world

melbourne flickr Bernard Spragg. NZ

Booming tech ecosystems are causing rents to surge in cities around the world as tech startups and larger corporates look to snap up the best digs on offer.

Despite what you might have heard, San Francisco is no longer home to the most expensive tech district, according to the "Global Cities" report, released by property consultancy Knight Frank this week.

James Nicholson, a partner at Knight Frank, said in a statement: "Creating great 'user experience' is paramount for those looking to attract and retain the best talent.

"This direct association between workplace and talent has forced businesses to prioritise working environment over and above a general desire to keeping costs low."

Here are the 29 most expensive tech hubs worldwide based on the price of office space per sq ft.

29. Bengaluru — Whitefield: $9.65

28. Kuala Lumpur — Cyberjaya Office Market: $11.55

27. Madrid — Julian Camarillo area: $13.65

See the rest of the story at Business Insider