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How Much for Office Space in Top 15 CBDs?

Commercial Café has published a new study comparing office space across the 15 most popular central business districts in the country. The study also includes two calculators, which utilize data from Yardi Matrix. Using the calculators, you can both compare the prices of similar-sized assets across multiple cities as well as research office assets based on the amount you want to invest.

For example, in Los Angeles a $44.6 million investment can get you 100,000 square feet of class A office space. That same amount of space in San Francisco would costs $72.5 million and in Midtown, Manhattan it would cost $79 million.

Of the top 15 CBDs, Manhattan’s Midtown district came in at the highest median price per square foot with class A at $790 and class B at $666. The lowest priced CBD was Baltimore, with a median price per square foot of $106 for class A and $44 for class B properties.

Click the link below to read the full study and try out the calculators.

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.