Posted on Friday, July 18, 2014 at 9:56 am CDT
According to industry statistics, the average price per square foot for office space in New York City ranges anywhere from $27/sf to $140/sf. However, experts in the real estate industry explain those numbers are truly just the beginning of what tenants will actually pay on a monthly basis. Electricity, for example, is one expense, not to mention other utilities such as water, sewer, garbage and fire sprinkler costs that the landlord works into the rent, increasing the cost for many would be tenants. This is the reason, says Sarah Klein, spokesperson for Virgo Business Centers (http://www.virgobc.com), shared office spaces are becoming the go-to answer for so many start up businesses, growing firms and large corporations.
Source: Virgo Business Centers