Total occupancy cost for Grade A office space in New York: $130.51 per sq ft per year. This figure covers rent, service charge, property tax (rates), fit-out amortised over the lease, facilities management, utilities and reinstatement costs.
New York Office Cost Breakdown (USD/sqft/yr)
Rent: $45.27/sqft/yr
Service Charge: $11.28/sqft/yr
Property Tax / Business Rates: $0.0/sqft/yr
Fit-Out (amortised over lease): $40.47/sqft/yr
Facilities Management: $18.33/sqft/yr
Utilities: $5.12/sqft/yr
Reinstatement / Dilapidations: $9.0/sqft/yr
Total Occupancy Cost: $130.51/sqft/yr
New York Serviced Office Costs
Serviced and flexible office space in New York costs between $720.0 and $950.0 per person per month, with a mid-market rate of $881.0 per person per month.
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