Occupancy cost in the Americas 2021, by market
Annual office occupancy costs in the Americas were highest in Manhattan in New York City where they reached over 169 U.S. dollars per square foot in the second quarter of 2021. Occupancy costs include service charges and taxes, and are also known as gross rents in the United States. In the same period, office occupancy costs amounted to 23.59 U.S. dollars per square foot per year in Rio De Janerio, Brazil which was the lowest recorded in the range in this category.
