Occupancy costs for class-A space in Midtown Manhattan average $127.00 per sq. ft.
3. San Francisco
San Francisco continues to claim the top two spot on the CMI due to its popularity with technology firms. San Francisco boasts a dynamic innovation ecosystem and highly educated, skilled and compensated population propelling its metro economy, according to the report.
Downtown Boston
Office tenants can expect to pay an average of $102.50 for class-A space in downtown Boston.
San Francisco Peninsula
Not surprisingly, the San Francisco Peninsula made the list of office markets with the highest occupancy costs at an average of $93.02 per sq. ft.
Downtown Manhattan
At $86.36 per sq. ft., class-A space in downtown Manhattan is slightly more affordable than in Midtown.
Suburban Los Angeles
In suburban Los Angeles, prime office occupancy costs average $79.10 per sq. ft.
Downtown Houston
While Houston may be experiencing the fallout from the low oil prices soon, for the moment, office occupancy costs in the city remain among the highest in the country, at an average of $62.95 per sq. ft.
