Given the wide range of taxes, regulations, and costs you’ll find across the country, deciding where to start a business is a huge decision. Which cities, then, are more affordable for business owners? When it comes to office rents, it definitely varies.
Take Manhattan, whose $71 per-square-foot average rent is the steepest in the U.S. For employers, that means $20,000 will get you a mere 282 square feet of space each year. That figure is all the more striking when compared to Minneapolis/St. Paul, where average asking rents are only $15 per square foot. There, $20,000 gets you 1,333 square feet of space—roughly 4.5 times as much space as in Manhattan.
This interactive infographic shows what $20,000 will buy you in annual office space in 13 U.S. cities, including Manhattan, San Francisco, Dallas, Baltimore, Minneapolis/St. Paul, and Chicago. It also provides fascinating information about each city’s office rental market, highlighting its relative costs and its least and most expensive neighborhoods, among other data points.
*West Los Angeles includes the following neighborhoods: Beverly Hills, Brentwood, Century City, Culver City, Hollywood/Silver Lake, Marina Del Rey/Venice, Olympic Corridor, Pacific Palisades/Malibu, Santa Monica, West Hollywood, West LA, and Westwood