Most major cities have office space rentals, but if you live in a smaller city or rural area you may need to travel farther. That’s about $13,032 per year per employee.Ītlanta is the most affordable city with an average yearly cost to rent office space of $4,194 per employee per year. San Francisco comes in a close second, with a monthly average cost of roughly $5.43 per square foot. The average for office space per month in New York is about $6.16 per sq ft. In New York, the average price for office space per employee costs about $14,800 per year. The most expensive city to rent office space is in New York. The average cost for office rental rates per square foot varies depending on where you plan to set up. It should be no surprise that it’s more expensive to rent office space in some cities than others. Many companies use square footage as a determiner for price. Once you decide on a location, you need to consider the number of your employees that need desk space. If you live in a larger city where space is at a premium, the cost to rent an office is often higher. The two starting factors to consider when pricing out an office space is how many employees you have and the location you need the office to be. The US average cost for office space by square foot is between $8-$23.
Keep reading to learn more about what to expect price-wise and how to find an office space for your needs. Special facilities also affect monthly rates. And many of these small businesses need to rent an office space to work.īut how much does it cost to rent office space? That depends on location, the size of the space, and the type of office you need to rent.
Small businesses make up 99.9 percent of all firms in the United States.
If you own a small business, you’re in good company. Discover how much it cost to rent office space here.Īccording to the Small Business Administration’s Office of Advocacy, a small business has fewer than 500 employees. How Much Does it Cost to Rent Office Space?Īre you an entrepreneur looking to start a business, and wondering how much office space will cost? Renting a commercial office is one of the biggest operating expenses of a company.