New York City has been found to be the most expensive city in the world for renting flexible, short-term office space, according to a study by Instant Group, which locates and manages office space on behalf of companies. The Big Apple is the most expensive big city in the world when it comes renting flexible, short-term office space, according to a new study. The study, conducted last year, ranked Manhattan as having the highest cost per square foot among all cities surveyed, with an average rent of $1,850 per square foot. San Francisco was second, with an average cost of $1,086 per workstation. The supply of flexible locations in New York City grew by 24% between February 2016 and 2017 to reach 330.
New York City has been found to be the most expensive city in the world for renting flexible, short-term office space, according to a study by Instant Group, which locates and manages office space on behalf of companies. The study, conducted last year, ranked Manhattan as having the highest cost per square foot among all cities surveyed, with an average rent of $1,850 per square foot. San Francisco was second, with an average cost of $1,086 per workstation. The supply of flexible locations in New York City grew by 24% between February 2016 and 2017 to reach 330.