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U.S. Office Space Still a Bargain

Published Wednesday, August 17, 2005

Four U.S. cities cracked a list of the world’s top 50 priciest office markets, according to a new study by CB Richard Ellis. Topping the all-eastern seaboard lineup was Midtown Manhattan, which ranked 27th with average midyear office rents of $53.69 per sq. ft. followed by Washington, D.C. at 37th, Boston at 45th and Stamford, which squeaked by at 49th. “From an occupancy cost perspective, the U.S. remains a great place to do business,” says Ward S. Caswell, CB Richard Ellis’ director of information management. “While U.S. rents are rising, they aren’t rising at the same rate as ...

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