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Updated over 11 years ago,

User Stats

714
Posts
168
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Corey Dutton
Pro Member
  • Lender
  • Salt Lake City, UT
168
Votes |
714
Posts

Top 5 Most Exciting Cities to Lease Office Space in the US

Corey Dutton
Pro Member
  • Lender
  • Salt Lake City, UT
Posted

A list was compiled recently by Jones Lang LaSalle of the 10 most expensivestreets in the U.S. to rent office space. I decided to highlight the top 5 on the list. Before you look at the list below, close your eyes and think of the top 5 in your own mind. Then open your eyes and see if you’re right:

1.

Menlo Park, California: The highly coveted street, ‘Sand Hill Road,’ has a 1 mile stretch with over 20 VC firms. The average rental price per square foot is $110.76.

2.

New York, New York: Fifth Avenue in New York fetches an average rental price of $102.02 per square foot.

3.

Palo Alto, California: The infamous ‘University Avenue’ in Palo Alto was where Google started out. This street fetches $94.92 as an average price per square foot for office rent.

4.

Greenwich, Connecticut: Home to high end shopping and restaurants, Greenwich Avenue in Connecticut gets an average of $92.96 per square foot in office rent.

5.

Washington, D.C.: If you want to claim the same street address as the President, the famous Pennsylvania Avenue, home to the White House and the U.S. Capitol, gets an average of $75.83 per square foot.

But what about the rest of the Cities on the list of Top 10? California Street in San Francisco made the list, along with Boylston Street in Boston. To see the entire list, check out the cool infographic at this link: http://www.prnewswire.com/news-releases/bicoastal-cities-top-list-of-most-expensive-streets-for-office-rents-225790131.html

  • Corey Dutton
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