Manhattan, NY, was the market where renting an office was most expensive in the United States in 2025. The average annual quoted square footage rent of office space was close to U.S. dollars in the second quarter of the year. In Dallas, the market with the second-largest inventory, the annual rent amounted to  U.S. dollars per square foot. Since the onset of the coronavirus pandemic, the office real estate sector has been suffering an increase in office vacancies, affecting both downtown and suburban properties. Data on the sales prices of office property also indicates a notable decrease in office real estate valuations.Â
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Colliers International. (August 4, 2025). Average annual quoted rent per square foot in selected office markets in the United States in 2nd quarter 2025, by market (in U.S. dollars) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 24, 2026, from /statistics/1073855/asking-office-rent-per-sf-tech-markets-usa/
Colliers International. "Average annual quoted rent per square foot in selected office markets in the United States in 2nd quarter 2025, by market (in U.S. dollars)." Chart. August 4, 2025. ÌÇÐÄÆƽâ°æ. Accessed July 24, 2026. /statistics/1073855/asking-office-rent-per-sf-tech-markets-usa/
Colliers International. (2025). Average annual quoted rent per square foot in selected office markets in the United States in 2nd quarter 2025, by market (in U.S. dollars). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 24, 2026. /statistics/1073855/asking-office-rent-per-sf-tech-markets-usa/
Colliers International. "Average Annual Quoted Rent per Square Foot in Selected Office Markets in The United States in 2nd Quarter 2025, by Market (in U.S. Dollars)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 4 Aug 2025, /statistics/1073855/asking-office-rent-per-sf-tech-markets-usa/
Colliers International, Average annual quoted rent per square foot in selected office markets in the United States in 2nd quarter 2025, by market (in U.S. dollars) ÌÇÐÄÆƽâ°æ, /statistics/1073855/asking-office-rent-per-sf-tech-markets-usa/ (last visited July 24, 2026)
Average annual quoted rent per square foot in selected office markets in the United States in 2nd quarter 2025, by market (in U.S. dollars) [Graph], Colliers International, August 4, 2025. [Online]. Available: /statistics/1073855/asking-office-rent-per-sf-tech-markets-usa/
