July 11, 2019
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.
For comments, questions or concerns, please contact David Cohen