{"id":1004167018,"date":"2017-02-17T06:17:25","date_gmt":"2017-02-17T14:17:25","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004167018"},"modified":"2022-12-06T17:52:11","modified_gmt":"2022-12-07T01:52:11","slug":"economy-watch-two-u-s-markets-house-most-expensive-apartments-worldwide","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/economy-watch-two-u-s-markets-house-most-expensive-apartments-worldwide\/","title":{"rendered":"Economy Watch: Two U.S. Markets House Most Expensive Apartments Worldwide"},"content":{"rendered":"<p>By Dees Stribling, Contributing Editor<\/p>\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/forrent.jpg\"><img decoding=\"async\" data-attachment-id=\"1004167020\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-two-u-s-markets-house-most-expensive-apartments-worldwide\/forrent-300x225\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/forrent-300x225.jpg\" data-orig-size=\"300,225\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"forrent-300&#215;225\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/forrent-300x225.jpg?w=300\" loading=\"lazy\" class=\" size-medium wp-image-1004167020 alignright\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/forrent.jpg\" alt=\"forrent-300x225\" width=\"300\" height=\"225\" \/><\/a>Two U.S. apartment markets are the most expensive in the world for apartment dwellers, even more so than traditionally high-rent markets such as Hong Kong, Singapore and Geneva, according to a new report by U.K.-based online realtor Nested.<\/p>\n<p>That was the case for San Francisco\u2014No. 1 most expensive apartment market per square foot in the world\u2014and No. 2, New York. In those markets, rents average $4.95 and $4.75 per square foot, respectively, edging out Hong Kong, Dubai and Singapore. Washington D.C. was No. 6 on the list, ahead of Geneva, Zurich and Sydney. L.A. came in No. 10.<\/p>\n<p>To afford such lofty rents, a single person would need an income of nearly $86,000 a year in San Francisco and $82,500 in New York (assuming at least 420 square feet for that person). A family of four would need a household income of more than $163,000 in San Francisco and $156,000 in New York (assuming just short of 800 square feet.)<\/p>\n<p>Nested calculated the price per square foot of property based upon current market listings for all locations researched for the report. The company specializes in residential property sales, using algorithms to provide sellers with a property valuation quickly.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In which two U.S. cities are renters paying top dollar for their living spaces?<\/p>\n","protected":false},"author":1023,"featured_media":1004167020,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[23891,21742],"tags":[34018],"class_list":["post-1004167018","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","category-latest","tag-nested"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Economy Watch: Two U.S. Markets House Most Expensive Apartments Worldwide - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-two-u-s-markets-house-most-expensive-apartments-worldwide\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Economy Watch: Two U.S. Markets House Most Expensive Apartments Worldwide\" \/>\n<meta property=\"og:description\" content=\"In which two U.S. cities are renters paying top dollar for their living spaces?\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-two-u-s-markets-house-most-expensive-apartments-worldwide\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-02-17T14:17:25+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-07T01:52:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/forrent-300x225.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"300\" \/>\n\t<meta property=\"og:image:height\" content=\"225\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Dees Stribling\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-two-u-s-markets-house-most-expensive-apartments-worldwide\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-two-u-s-markets-house-most-expensive-apartments-worldwide\\\/\"},\"author\":{\"name\":\"Dees Stribling\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/dc1e9fa4ee0430d86f8e60cd697c953c\"},\"headline\":\"Economy Watch: Two U.S. Markets House Most Expensive Apartments Worldwide\",\"datePublished\":\"2017-02-17T14:17:25+00:00\",\"dateModified\":\"2022-12-07T01:52:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-two-u-s-markets-house-most-expensive-apartments-worldwide\\\/\"},\"wordCount\":209,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-two-u-s-markets-house-most-expensive-apartments-worldwide\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2017\\\/02\\\/forrent-300x225.jpg\",\"keywords\":[\"Nested\"],\"articleSection\":[\"National\",\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-two-u-s-markets-house-most-expensive-apartments-worldwide\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-two-u-s-markets-house-most-expensive-apartments-worldwide\\\/\",\"name\":\"Economy Watch: Two U.S. Markets House Most Expensive Apartments Worldwide - 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