Manhattan was the most expensive office space in the US last year at $91 per square foot on average – but London was the top spot globally, according to a Point2 survey of CommercialEdge data and global leasing information gleaned by major brokerages.
Premium office space in London reached $163 psf per year, according to the analysis, which cross-referenced CommercialEdge, JLL, CBRE, and Cushman & Wakefield data.
And in the US, Manhattan was followed by the San Francisco Bay Area, where rents in SoMa and Menlo Park hit $89 psf last year.
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