Most Expensive U.S. Office Markets Ranked

11/10/2015 |

Survey shows rental incomes rising in 2014

Office building

Commercial office rental incomes are increasing, according to new research from BOMA that ranks the most expensive office markets in the U.S. for both operation and rental costs. Drawing from data in the 2015 Office Experience Exchange Report (Office EER), BOMA researchers found that San Francisco has the highest operating costs at $11.72 per square foot (psf), with New York City, San Jose, Washington, D.C., and Baltimore rounding out the top five. Conversely, Cincinnati came in as least expensive at $5.34 psf, with Salt Lake City, Orlando, Atlanta, and Fort Worth, TX also noted as having low operating costs.  

The survey, which gathered data from over 5,300 buildings in the U.S. and Canada representing more than 820 million square feet, also measured U.S. markets by average rental incomes. The results show that New York City is the most expensive at $48.51 psf, with Washington, D.C., San Francisco, and Washington D.C.’s suburbs in Maryland and Virginia accounting for the top five. Topping BOMA’s list for least expensive markets by rental income is Detroit at $17.85 psf, with Columbus, OH, Fort Worth, St. Louis, and the suburbs of Chicago also coming in with low average rental incomes.

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See how professionals like you are taking advantage of the highest performing precision cooling system for their computer rooms and data centers, and why Data Aire is fast-becoming the number one choice for facility managers and building owners looking to decrease their energy consumption. 

Data Aire understands how digital technology and data gravity is rapidly impacting and transforming businesses. That’s why they developed ultra-efficient cooling technology to support the most modern (and not-so-modern) data centers.  Learn how One Wilshire in Los Angeles, one of the most advanced carrier hotels today, is surpassing California's strict energy efficiency requirements with Data Aire’s purpose-built system, which provide full-economization for 260 days – almost 72% of the year. That’s a measurable savings! Furthermore, the projected PUE on an annual basis for a full load is at or below 1.2.


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