As the economy of the country prospers, more jobs are created. Employers are seeking to expand their businesses. And landlords are even happier as tenants add up. Although the working manner has considerably changed in the last few years, the need for creative, healthy and fun office environments. Technology has also made the extra space in the offices less necessary. This is why several companies nowadays have shared office spaces to maximize these wasted desks.
Moreover, with the millennials taking over the workforce, the need to be near establishments and amenities is high. This new generation is known for its love of places that are near restaurants, cafes and shopping places. Therefore, residential areas are more anticipated when they are near offices and equipped with the latest technologies available. The thing is, they are willing to pay for these things.
With all that said, here are some of the streets across the country that has extra expensive price for office space.
10. Newport Center Drive, Newport Beach, California - Average rent per square foot: $51.72
9. Royal Palm Way, West Palm Beach, Florida - Average rent per square foot: $58.07
8. Avenue of the Stars, Century City, California - Average rent per square foot: $63.12
7. Boylston Street, Boston, Massachussetts - Average rent per square foot: $67.44
6. Pennsylvania Avenue, Washington, D.C. - Average rent per square foot: $72.65
5. Mission Street, San Francisco, California - Average price per square foot $89.58
4. Greenwich Avenue, Greenwich, Connecticut - Average rent per square foot: $90.25
3. Fifth Avenue, New York, New York - Average rent per square foot: $119.27
2. Hamilton Avenue, Palo Alto, California - Average rent per square foot: $124.44
1. Sand Hill Road, Menlo Park, California - Average rent per square foot: $141.60
If you are currently working in these areas, know that you are in one of the most expensive areas for office spaces. And your employer may be paying hefty of cash for your work area.
Do you think prices of office spaces will even rise as time passes on these expensive streets in America?
