Are These Deals Hot or Not?

Do you think you know what is considered a good deal and what is considered a bust? To find out, we pulled 3 properties from large markets across the US that are listed below their market’s average per square foot for office and retail lease.  Take a look at the properties and then compare them to the average prices per square foot in each market below. What do you think, are these deals hot or not?

Office space for Lease:

New York City $31.93/sq ft average:

NYC 1      NYC 2      NYC 3
$5.60/sq ft                  $10.20/sq ft                  $13.33/sq ft

San Francisco $25.23/sq ft average:

SF1      SF2      SF3
$2.25/sq ft                  $3.50/sq ft                    $5.17/sq ft

Los Angeles $23.73/sq ft average:

LA1L      LA2L      LA3L
$1.25/sq ft                   $1.54/sq ft                     $1.65/sq ft

Retail space for lease:

New York City $32.68/sq ft average:

NYR1      NYR2      NYR3
$12.08/sq ft               $12.73/sq ft                    $14.52/sq ft

Seattle $21.96/sq ft average:

SEA1      SEA2      SEA3
$12.00/sq ft                 $14.04/sq ft                  $15.00/sq ft

Los Angeles $21.38/sq ft average:

LA1R      LA2R      LA3R
$2.00/sq ft                   $2.15/sq f                     $2.25/sq ft

Don’t see your market above? Check out the average price per square feet in the top 10 most expensive markets in the US.  Are these markets hot or not?

Average Price Per Square Feet for Office Space for Lease

Price Market
$31.93 New York City
$28.13 South Bay/San Jose
$25.23 San Francisco
$24.51 Anchorage
$23.73 Los Angeles
$23.33 Santa Barbara
$23.03 South Florida
$22.81 Long Island (New York)
$21.94 Charleston/N Charleston
$20.57 Washington, DC

Average Price per Square Feet for Retail Space for Lease

Price Market
$32.68 New York City
$27.62 Santa Barbara
$26.36 Long Island (New York)
$26.11 Anchorage
$24.16 Hawaii
$23.81 South Bay/San Jose
$21.96 Seattle/Puget Sound
$21.38 Los Angeles
$20.79 Westchester/So Connecticut
$19.89 South Florida