Office Space Leasing Costs – US$/Sq Ft/Year - 2008
North American metropolitan areas for which data are available
North American metropolitan areas for which data are available
Montréal
15.54
15.54
Montréal
15.54
15.54
Ottawa
19.82
19.82
Ottawa
19.82
19.82
Toronto
21.39
21.39
Toronto
21.39
21.39
Atlanta
25.09
25.09
Atlanta
25.09
25.09
Dallas
27.98
27.98
Dallas
27.98
27.98
Calgary
31.96
31.96
Calgary
31.96
31.96
Philadelphia
32.37
32.37
Philadelphia
32.37
32.37
Vancouver
34.76
34.76
Vancouver
34.76
34.76
Denver
38.31
38.31
Denver
38.31
38.31
San Jose/Silicon Valley
42.36
42.36
San Jose/Silicon Valley
42.36
42.36
Chicago
44.63
44.63
Chicago
44.63
44.63
Los Angeles
45.61
45.61
Los Angeles
45.61
45.61
Seattle
45.82
45.82
Seattle
45.82
45.82
Houston
46.50
46.50
Houston
46.50
46.50
Miami
51.32
51.32
Miami
51.32
51.32
San Francisco
59.89
59.89
San Francisco
59.89
59.89
Washington
65.77
65.77
Washington
65.77
65.77
Downtown - New York
70.53
70.53
Downtown - New York
70.53
70.53
Boston
73.02
73.02
Boston
73.02
73.02
Midtown - New York
108.94
108.94
Midtown - New York
108.94
108.94
Note: Office space leasing costs include service charges and local taxes and are for class A buildings
Except for New York (as indicated in the table) - office space is located in downtown areas
Exchange rate: US$1 =CA$1.2227 (December 31, 2008)
Source : Cushman & Wakefield Research
Except for New York (as indicated in the table) - office space is located in downtown areas
Exchange rate: US$1 =CA$1.2227 (December 31, 2008)
Source : Cushman & Wakefield Research