In the last quarter of 2020, Manhattan was the most expensive North American market for office rent. It cost 77.25 U.S. dollars per square foot of office space in that market. The San Francisco Bay Area and Los Angeles, D.C. followed with 70.04 and 45.18 U.S. dollars per square foot, respectively.
Annual gross direct asking rent per square foot in selected office markets in the North America as of 4th quarter 2020 (in U.S. dollars)
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Statistics on Office real estate in the United States
Overview
8
- Premium Statistic Occupancy cost in the Americas 2021, by market
- Premium Statistic Quarterly office vacancy rates in the U.S. 2017-2022
- Premium Statistic Largest office leases in the U.S. Q1 2022, by tenant
- Premium Statistic Largest office sales in the U.S. Q1 2022
- Premium Statistic Absorption of office space in the U.S. 2022, by market
- Premium Statistic Office space under construction in regions of U.S. 2021-2022
- Premium Statistic Office space under construction in selected metro areas in the U.S. 2022
- Premium Statistic Apartments repurposed from most commonly converted buildings in the U.S. 2019-2021
Manhattan
6
- Premium Statistic Average asking rent for office space in Manhattan in Q4 2022, by district
- Premium Statistic Average asking rent for offices in Midtown South, Manhattan in Q4 2022, by submarket
- Basic Statistic Average asking rent in for office space Midtown, Manhattan in Q4 2022, by submarket
- Premium Statistic Average asking rent for office space in Downtown Manhattan in Q4 2022, by submarket
- Basic Statistic Office space availability rate in Manhattan in Q4 2022, by district
- Premium Statistic Size of office area in Manhattan in Q4 2022, by district
Boston
5
- Premium Statistic Average direct asking rent for office space in Boston 2022, by district
- Premium Statistic Volume of office space in Boston Q2 2022, by district
- Premium Statistic Available office and lab real estate in Boston Q2 2022, by district and type
- Premium Statistic Office space availability rate in Boston Q2 2022, by district
- Premium Statistic Absorption of office space in Boston 2022, by district
San Francisco
5
- Premium Statistic Office space rental rates in San Francisco Q1 2022, by submarket
- Premium Statistic Office space inventory in San Francisco Q1 2022, by submarket
- Premium Statistic Office space under construction in San Francisco Q3 2021, by submarket
- Premium Statistic Vacancy of office space in San Francisco Q1 2022, by submarket
- Premium Statistic Office space vacancy rates in San Francisco Q1 2022, by submarket
Inland Empire
3
- Premium Statistic Supply of office space in Inland Empire West, California Q2 2022-Q4 2022, by district
- Premium Statistic Vacancy rate of office space in Inland Empire South, California 2021-22, by district
- Premium Statistic Asking rent of office space in Inland Empire East, California 2021-2022, by district
Hybrid working model
5
- Premium Statistic Hybrid work willingness according to C-suite and non-C-suite employees U.S. 2021
- Premium Statistic Investors' view on office demand in the next three years globally 2022, by region
- Premium Statistic Number of days office employees would like to work from an office in the U.S. 2021
- Premium Statistic Benefits of office hybrid model according to C-suite level employees in the U.S. 2021
- Premium Statistic Benefits of office hybrid model according to employees in the U.S. 2021
Further related statistics
20
- Vacancy rate in selected North American office markets Q4 2021
- Five year rental growth in selected North American office markets 2019
- Asking rent of office space in Inland Empire West, California 2021-2022, by district
- Asking rent of office space in Inland Empire South, California 2021-2022, by district
- Net absorption of office space in Ottawa 2016-2021 with a forecast for 2022
- Largest markets for tech leasing in the U.S. Q3 2015-Q2 2016
- North American office markets by space per employee 2017
- Highest direct average asking rent in most expensive tech markets in the U.S. 2016
- VC investment in AI and deeptech companies worldwide 2014-2019, by country
- Estimated salary costs in tech companies of European cities 2019
- U.S. online users who believe tech companies are spying on their users 2020
- Cumulative number of tech unicorns in Europe since 1990 from 2010-2019, by country
- Number of sponsor-backed tech IPOs in Europe 2015-2019
- Number of tech IPOs with less than one billion USD market cap in Europe 2015-2019
- VC investment in European tech companies 2014-2019, by city
- VC investment in tech companies worldwide 2019-2022, by country
- Number of tech IPOs in Europe from 2015 to 2019
- Revenue breakdown for Tech Track 100 companies in the United Kingdom (UK) 2013-2015
- Number of Insurtech startups in selected countries globally 2016
- UK: trust in firms manufacturing autonomous cars 2017, by type
Further Content: You might find this interesting as well
Statistics
- Vacancy rate in selected North American office markets Q4 2021
- Five year rental growth in selected North American office markets 2019
- Asking rent of office space in Inland Empire West, California 2021-2022, by district
- Asking rent of office space in Inland Empire South, California 2021-2022, by district
- Net absorption of office space in Ottawa 2016-2021 with a forecast for 2022
- Largest markets for tech leasing in the U.S. Q3 2015-Q2 2016
- North American office markets by space per employee 2017
- Highest direct average asking rent in most expensive tech markets in the U.S. 2016
- VC investment in AI and deeptech companies worldwide 2014-2019, by country
- Estimated salary costs in tech companies of European cities 2019
- U.S. online users who believe tech companies are spying on their users 2020
- Cumulative number of tech unicorns in Europe since 1990 from 2010-2019, by country
- Number of sponsor-backed tech IPOs in Europe 2015-2019
- Number of tech IPOs with less than one billion USD market cap in Europe 2015-2019
- VC investment in European tech companies 2014-2019, by city
- VC investment in tech companies worldwide 2019-2022, by country
- Number of tech IPOs in Europe from 2015 to 2019
- Revenue breakdown for Tech Track 100 companies in the United Kingdom (UK) 2013-2015
- Number of Insurtech startups in selected countries globally 2016
- UK: trust in firms manufacturing autonomous cars 2017, by type
CBRE Group. (July 9, 2021). Annual gross direct asking rent per square foot in selected office markets in the North America as of 4th quarter 2020 (in U.S. dollars) [Graph]. In Statista. Retrieved March 22, 2023, from https://www.statista.com/statistics/1073855/asking-office-rent-per-sf-tech-markets-usa/
CBRE Group. "Annual gross direct asking rent per square foot in selected office markets in the North America as of 4th quarter 2020 (in U.S. dollars)." Chart. July 9, 2021. Statista. Accessed March 22, 2023. https://www.statista.com/statistics/1073855/asking-office-rent-per-sf-tech-markets-usa/
CBRE Group. (2021). Annual gross direct asking rent per square foot in selected office markets in the North America as of 4th quarter 2020 (in U.S. dollars). Statista. Statista Inc.. Accessed: March 22, 2023. https://www.statista.com/statistics/1073855/asking-office-rent-per-sf-tech-markets-usa/
CBRE Group. "Annual Gross Direct Asking Rent per Square Foot in Selected Office Markets in The North America as of 4th Quarter 2020 (in U.S. Dollars)." Statista, Statista Inc., 9 Jul 2021, https://www.statista.com/statistics/1073855/asking-office-rent-per-sf-tech-markets-usa/
CBRE Group, Annual gross direct asking rent per square foot in selected office markets in the North America as of 4th quarter 2020 (in U.S. dollars) Statista, https://www.statista.com/statistics/1073855/asking-office-rent-per-sf-tech-markets-usa/ (last visited March 22, 2023)
Annual gross direct asking rent per square foot in selected office markets in the North America as of 4th quarter 2020 (in U.S. dollars) [Graph], CBRE Group, July 9, 2021. [Online]. Available: https://www.statista.com/statistics/1073855/asking-office-rent-per-sf-tech-markets-usa/