Report: City Office Space Is a Bargain
This article is from the archive of The New York Sun before the launch of its new website in 2022. The Sun has neither altered nor updated such articles but will seek to correct any errors, mis-categorizations or other problems introduced during transfer.
With rents at $80-plus a square foot, midtown Manhattan’s office space is a bargain, a new report claims, at least when compared with London, Tokyo, Hong Kong, and other cities worldwide.
In a report expected to be released today listing the world’s most expensive office space markets, real estate service firm Cushman and Wakefield ranks New York as the ninth, down from seventh in 2006, despite the 28% rent increase last year.
