View Question
Q: Office space - Cost per square foot ( Answered,   0 Comments )
 Question
 Subject: Office space - Cost per square foot Category: Reference, Education and News > General Reference Asked by: uc1bear-ga List Price: \$5.00 Posted: 06 Aug 2004 14:29 PDT Expires: 05 Sep 2004 14:29 PDT Question ID: 384524
 ```Hi, I have a pretty easy question for anyone who deals in office space. I'm looking for space in the San Francisco area, and the average appears to be \$22 / sq. ft. I read somewhere that the average company needs about 100-150 square feet per employee. My question is: Is the \$22 sq/ft a MONTHLY or YEARLY cost? If monthly, that means we're talking \$3000 per month, per employee for office space?? I'm new to this, but that seems like a huge cost! I can only assume that maybe commercial office space is quoted annually, instead of monthly. Thoughts? Thanks! uc```
 ```Howdy uc, Yes, the \$22 sq/ft is the annual (yearly) cost. The monthly cost would be that number divided by 12, or \$1.83 a sq/ft. This Inc.com article outlines office space costing in several examples. http://www.inc.com/articles/2000/07/18579.html "Caswell realized she 'didn't need to spend \$22 a square foot just to have file cabinets.' ... She gave up the 1,700-square-foot space and set up each employee -- herself included -- with his or her own home office. ... But all the costs together don't begin to approach the \$3,000-plus a month she used to pay in rent." By the above example (coveniently using the very same \$22 sq/ft number you show) has 1,700 sq/ft at \$1.83 sq/ft per month (\$22 divided by 12 months) for (around) \$3116.67 a month rent. So, your monthly cost per employee office space rental would be \$183-\$275. If you need any clarification, feel free to ask. Search Strategy: Personal experience. Google search on: office space cost square foot ://www.google.com/search?q=office+space+cost+square+foot Looking Forward, denco-ga - Google Answers Resarcher``` Clarification of Answer by denco-ga on 06 Aug 2004 20:17 PDT `Apologies, but that should be "conveniently" instead of "coveniently" above.`