January 17, 2017 Comments Off on Ranking California’s Most Expensive Office Markets Views: 624 California News, Top California, West

Ranking California’s Most Expensive Office Markets

A comparison of five major markets across California reveals a number of interesting findings. Research by JLL finds that San Francisco has the highest average monthly office rates at $6.31 per square foot for Class A space.

The next most expensive market for Class A office rents was the Silicon Valley, which averaged $4.25 per month. Los Angeles Class A space recorded average monthly office rents of $3.44, while San Diego came in at $3.19 per month.

Although rents of the Orange County Class A office and industrial markets have increased 42.5% and 41.5% respectively since the market trough, business owners will find Orange County to be more affordable than other California markets, coming in at $3.02 per square foot.

Read more at JLL

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