London named world’s most expensive city for tech startups

London has been crowned the world’s priciest city in which to establish a tech startup, with the cost of commercial office space in Shoreditch soaring higher than San Francisco or Brooklyn according to commercial property consultants Knight Frank.
The survey put the annual cost of leasing 600sq/ft of office space in Shoreditch at $67k, higher than equivalent markets in Brooklyn and San Francisco, which would set prospective occupants back $63k and $62k respectively.
This has stoked concern