{"id":28,"date":"2020-03-19T13:36:08","date_gmt":"2020-03-19T13:36:08","guid":{"rendered":"https:\/\/yardiblogs.yardi.com\/commercialsearch\/?p=28"},"modified":"2022-01-12T13:47:22","modified_gmt":"2022-01-12T13:47:22","slug":"most-expensive-u-s-office-submarkets-2019","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/blog\/most-expensive-u-s-office-submarkets-2019\/","title":{"rendered":"Mountain View: Most Expensive U.S. Office Submarket in 2019"},"content":{"rendered":"

In 2019, the sale price for U.S. office space averaged $233 per square foot, according to a recent report published by commercial real estate blog CommercialCafe<\/a>. Looking at 2019 sales of office properties of at least 25,000 square feet in size, the report tracked the vast differences in price between markets and ranked the top 100 priciest office submarkets in the country.<\/p>\n

California Boasts Most Entries, Priciest Submarket<\/h2>\n

California stood out with not only the most expensive U.S. office submarket in the ranking, but also the most entries among the top 100. Of the 20 states represented on the list, California had 36, followed by North Carolina with 11 entries and Washington state with 10 submarkets in the mix.<\/p>\n

The top five most expensive U.S. office submarkets last year were: Mountain View-Shoreline in the Bay Area, the Plaza District and Grammercy Park submarkets in Manhattan, Santa Monica in Los Angeles, and Cambridge in Boston.<\/p>\n

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