East Cary Street is Richmond’s version of 5th Ave.
Or so claims a study released Wednesday by Jones Lang LaSalle, which put the Richmond street on a list of the 40 most expensive streets to lease office space in each market.
The street, which is home to many law firms, financial firms, restaurants and bars, took the 34th spot on the list, with an average rent of $24.38 per square foot. That’s about 38 percent higher than the Richmond area’s market average of $17.70 per square feet.
Sand Hill Road, a street in Menlo Park, Calif., topped the list with an average rent of $114 per square foot. Manhattan’s Fifth Avenue came in second at $97 per square foot.
Greenwich Avenue in Connecticut ranked third with an average of $90 per square foot, University Avenue in Silicon Valley California came in fourth with $83 per square foot, and Pennsylvania Avenue in D.C. rounded out the top five with $80 per square foot for office space.
See the full list of streets here.
East Cary Street is Richmond’s version of 5th Ave.
Or so claims a study released Wednesday by Jones Lang LaSalle, which put the Richmond street on a list of the 40 most expensive streets to lease office space in each market.
The street, which is home to many law firms, financial firms, restaurants and bars, took the 34th spot on the list, with an average rent of $24.38 per square foot. That’s about 38 percent higher than the Richmond area’s market average of $17.70 per square feet.
Sand Hill Road, a street in Menlo Park, Calif., topped the list with an average rent of $114 per square foot. Manhattan’s Fifth Avenue came in second at $97 per square foot.
Greenwich Avenue in Connecticut ranked third with an average of $90 per square foot, University Avenue in Silicon Valley California came in fourth with $83 per square foot, and Pennsylvania Avenue in D.C. rounded out the top five with $80 per square foot for office space.
See the full list of streets here.
Actually they only list the most expensive street in each of 40 markets.
Notice there’s only one street from NYC, for example.
I daresay Wall Street and Park Avenue are more expensive than Cary Street.
Ah, Marsha, good eye!. That explains quite a bit.