In District of Columbia, the average rent per square foot was **** U.S. dollars in 2018, whereas renters in Oregon were expected to pay half as much in rent per square foot. DC was the most expensive state for renters, followed by New York, Hawaii, Massachusetts and California. Why is DC so expensive? District of Columbia is the center of the U.S. political system with all three branches of federal government sitting there: Congress (legislative), President (executive) and the Supreme Court (judicial). The above average household incomes of its residents mean that high rents are still sustainable for the rental market. Limited space in DC DC has the largest share of apartment dwellers in the country. This is most likely due to limited space, as the federal district has a much higher population density than the states. The political importance of DC and the high population density suggest that the federal district is likely to retain its spot as the most expensive rental market in the future.

Displacement risk indicator classifying census tracts according to apartment rent prices in census tracts. We classify apartment rent along two dimensions:The median rents within the census tract for the specified year, balancing between nominal rental price and rental price per square foot.The change in median rent price (again balanced between nominal rent price and price per square foot) from the previous year.Note: Median rent calculations include market-rate and mixed-income multifamily apartment properties with 5 or more rental units in Seattle, excluding special types like student, senior, corporate or military housing.Source: Data from CoStar Group, www.costar.com, prepared by City of Seattle, Office of Planning and Community Development

Among the ** markets with the largest industrial and logistics real estate inventory in the U.S., Orange County, CA, had the highest rental rate in the first quarter of 2025. The square footage rent of warehouse and distribution centers was ***** U.S. dollars, while for manufacturing sites it was ***** U.S. dollars. In the largest market, Chicago, IL, rents were significantly lower, at ****U.S. dollars.

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.

The average annual rent for manufacturing space in New York City Metro has soared since 2017. In the first quarter of 2024, the rental cost amounted to nearly ***** U.S. dollars per square foot. That was higher than the average rent for manufacturing space in the United States.

VITAL SIGNS INDICATOR List Rents (EC9)

FULL MEASURE NAME List Rents

LAST UPDATED October 2016

DESCRIPTION List rent refers to the advertised rents for available rental housing and serves as a measure of housing costs for new households moving into a neighborhood, city, county or region.

DATA SOURCE real Answers (1994 – 2015) no link

Zillow Metro Median Listing Price All Homes (2010-2016) http://www.zillow.com/research/data/

CONTACT INFORMATION vitalsigns.info@mtc.ca.gov

METHODOLOGY NOTES (across all datasets for this indicator) List rents data reflects median rent prices advertised for available apartments rather than median rent payments; more information is available in the indicator definition above. Regional and local geographies rely on data collected by real Answers, a research organization and database publisher specializing in the multifamily housing market. real Answers focuses on collecting longitudinal data for individual rental properties through quarterly surveys. For the Bay Area, their database is comprised of properties with 40 to 3,000+ housing units. Median list prices most likely have an upward bias due to the exclusion of smaller properties. The bias may be most extreme in geographies where large rental properties represent a small portion of the overall rental market. A map of the individual properties surveyed is included in the Local Focus section.

Individual properties surveyed provided lower- and upper-bound ranges for the various types of housing available (studio, 1 bedroom, 2 bedroom, etc.). Median lower- and upper-bound prices are determined across all housing types for the regional and county geographies. The median list price represented in Vital Signs is the average of the median lower- and upper-bound prices for the region and counties. Median upper-bound prices are determined across all housing types for the city geographies. The median list price represented in Vital Signs is the median upper-bound price for cities. For simplicity, only the mean list rent is displayed for the individual properties. The metro areas geography rely upon Zillow data, which is the median price for rentals listed through www.zillow.com during the month. Like the real Answers data, Zillow's median list prices most likely have an upward bias since small properties are underrepresented in Zillow's listings. The metro area data for the Bay Area cannot be compared to the regional Bay Area data. Due to afore mentioned data limitations, this data is suitable for analyzing the change in list rents over time but not necessarily comparisons of absolute list rents. Metro area boundaries reflects today’s metro area definitions by county for consistency, rather than historical metro area boundaries.

Due to the limited number of rental properties surveyed, city-level data is unavailable for Atherton, Belvedere, Brisbane, Calistoga, Clayton, Cloverdale, Cotati, Fairfax, Half Moon Bay, Healdsburg, Hillsborough, Los Altos Hills, Monte Sereno, Moranga, Oakley, Orinda, Portola Valley, Rio Vista, Ross, San Anselmo, San Carlos, Saratoga, Sebastopol, Windsor, Woodside, and Yountville.

Inflation-adjusted data are presented to illustrate how rents have grown relative to overall price increases; that said, the use of the Consumer Price Index does create some challenges given the fact that housing represents a major chunk of consumer goods bundle used to calculate CPI. This reflects a methodological tradeoff between precision and accuracy and is a common concern when working with any commodity that is a major component of CPI itself. Percent change in inflation-adjusted median is calculated with respect to the median price from the fourth quarter or December of the base year.

Rents for industrial real estate in the U.S. have increased since 2017, with flexible/service space reaching the highest price per square foot in 2024. In just a year, the cost of, flex/service space rose by nearly *****U.S. dollars per square foot. Manufacturing facilities, warehouses, and distribution centers had lower rents and experienced milder growth. Los Angeles, Orange County, and Inland Empire, California, are some of the most expensive markets in the country. Office real estate is pricier Industrial real estate is far from being the most expensive commercial property type. For instance, average rental rates in major U.S. metros for office space are much higher than those for industrial space. This is most likely because office units are generally located in urban areas where there is limited space and thus higher demand, whereas industrial units are more suited to the outskirts of such urban areas. Industrial units, such as warehouses or factories, require much more space because they need to house large, heavy equipment or serve as a storage unit for future shipments. Big-box distribution space is gaining in importance Warehouses and distribution may currently command the lowest average rent per square foot among industrial space types, but the growing popularity of the asset class has earned it considerable gains over the past years. In 2021 and 2022, high occupier demand and insufficient supply led to soaring taking rent of big-box buildings. During that time, the vacancy rate of distribution centers fell below ****percent. The development of industrial and logistics facilities has accelerated since then, with the new supply coming to market, causing the vacancy rate to increase and the pressures on rent to ease.

Graph and download economic data for Consumer Price Index for All Urban Consumers: Rent of Primary Residence in U.S. City Average (CUUR0000SEHA) from Dec 1914 to Aug 2025 about primary, rent, urban, consumer, CPI, inflation, price index, indexes, price, and USA.

The median rents within the census tract for the specified year, balancing between nominal rental price and rental price per square foot.The change in median rent price (again balanced between nominal rent price and price per square foot) from the previous year.Note: Median rent calculations include market-rate and mixed-income multifamily apartment properties with 5 or more rental units in Seattle, excluding special types like student, senior, corporate or military housing.

In 2023, the average price per square meter for rental apartments in France was the highest in Paris. In the French capital, the average price per square meter for rental flats reached almost ** euros, compared to ** euros in the second-largest French city, Marseille. Not only is Paris the most expensive city in France for renting an accommodation, it is also one of the most expensive in Europe.
Paris housing crisis The Paris region is the most populated area of France. It is also the most densely populated region of the country. In a very centralized country like France, the capital appears to be the center of the majority of economic and cultural activities, as well as the home of an important number of universities. Finding accommodation is becoming more and more difficult in a city which also attracts millions of tourists every year. The average cost of an apartment in Paris amounted to more than 10,000 euros per square meter, compared to nearly ***** euros per square meter in the French second-largest agglomeration: Lyon. The consequences of high prices in housing In Paris, renting a two-bedroom apartment costed more than ***** US dollars in 2018, making the city one of the most expensive worldwide. To cope with this price boom, residents of the Paris metropolitan area often live in one of the many suburbs of the city. Furthermore, the pollution of the French capital, as well as its traffic jams and congested public transports, often lead Parisians to change their lives and move elsewhere after a few years. In 2015, Bordeaux was named most attractive city to live in France. Paris was only ranked eighth.

In 2023, the average price per square meter for rental apartments in France was the highest in Paris. In the French capital, the average price per square meter for rental flats reached almost 31 euros, compared to 16 euros in the second-largest French city, Marseille. Not only is Paris the most expensive city in France for renting an accommodation, it is also one of the most expensive in Europe.
Paris housing crisis The Paris region is the most populated area of France. It is also the most densely populated region of the country. In a very centralized country like France, the capital appears to be the center of the majority of economic and cultural activities, as well as the home of an important number of universities. Finding accommodation is becoming more and more difficult in a city which also attracts millions of tourists every year. The average cost of an apartment in Paris amounted to more than 10,000 euros per square meter, compared to nearly 3,900 euros per square meter in the French second-largest agglomeration: Lyon. The consequences of high prices in housing In Paris, renting a two-bedroom apartment costed more than 2,000 US dollars in 2018, making the city one of the most expensive worldwide. To cope with this price boom, residents of the Paris metropolitan area often live in one of the many suburbs of the city. Furthermore, the pollution of the French capital, as well as its traffic jams and congested public transports, often lead Parisians to change their lives and move elsewhere after a few years. In 2015, Bordeaux was named most attractive city to live in France. Paris was only ranked eighth.

The average asking rent for Class A office space in Midtown Manhattan was ***** U.S. dollars per square foot in the second quarter of 2025. It was above the Manhattan average of ***** U.S. dollars but below that of Midtown South, which was the most expensive district at ***** U.S. dollars per square foot. What is Class A real estate?Class A real estate refers to the best properties in terms of appearance, age, quality of infrastructure and location. These properties usually command the highest rental rates, due to their high quality. In the U.S., Manhattan has the most expensive rents for Class A offices.Midtown vs Midtown SouthMidtown Manhattan contains the Empire State Building, MoMA, Grand Central Station, and the United Nations Headquarters. The most expensive submarket there was Plaza District in 2025. Meanwhile, Midtown South is home to Madison Square Garden, Pennsylvania Station, Hudson Yards, and Koreatown. In 2025, the most expensive submarket there was Hudson Yards, followed by Chelsea and Hudson Square.

Gain a complete view of the real estate market with our Zillow datasets. Track price trends, rental/sale status, and price per square foot with the Zillow Price History dataset and explore detailed listings with prices, locations, and features using the Zillow Properties Listing dataset. Over 134M records available Price starts at $250/100K records Data formats are available in JSON, NDJSON, CSV, XLSX and Parquet. 100% ethical and compliant data collection Included datapoints:

Zpid
City
State
Home Status
Street Address
Zipcode
Home Type
Living Area Value
Bedrooms
Bathrooms
Price
Property Type
Date Sold
Annual Homeowners Insurance
Price Per Square Foot
Rent Zestimate
Tax Assessed Value
Zestimate
Home Values
Lot Area
Lot Area Unit
Living Area
Living Area Units
Property Tax Rate
Page View Count
Favorite Count
Time On Zillow
Time Zone
Abbreviated Address
Brokerage Name
And much more

Malls had the most expensive rental space among the different types of retail real estate in the United States in 2023. As of the fourth quarter of the year, the average rent in malls was ***** U.S. dollars per square foot, compared to ***** U.S. dollars for all retail. General retail space, defined as single-tenant freestanding commercial buildings with parking, such as drugstores, grocery stores, and street front urban retail stores, had some of the lowest vacancy rates.

Prime locations for shopping centers include main streets and city centers of European cities, and factors such as the main flow of customers, the amount of space to handle the sales volume expected, as well as the direct competition and neighbors all have a great impact on projected sales. Specifically, space requirements must be carefully tailored to usage requirements, as rent typically proves to be high.

Rental prices of prime shopping centers real estate in Europe

According to the data presented, the most expensive retail space in shopping centers was rented out in Frankfurt, where on average prices were 280 euros per square meter per month as of June 2021. In comparison, the most expensive cities for high street retail were London and Paris, where monthly prime rents were close to 2,000 euros per square meter.

Coronavirus and commercial real estate

Among the many impacts of the coronavirus (COVID-19) are the drop in foot traffic and sales at high street shops and shopping centers due to the lockdown and social distancing measures, but also the increase of e-commerce. Shopping out of the convenience of your own home increases the focus on the importance of logistical warehousing real estate.

View monthly updates and historical trends for US Consumer Price Index: Rent Of Primary Residence. from United States. Source: Bureau of Labor Statistics.…

Explore Salt Lake City, UT rental market 2025. The average long-term prices $1,713 and short-term $2,320, with trends shaping housing in a city of 203,888 residents.

Graph and download economic data for Housing Inventory: Median Listing Price per Square Feet in Texas (MEDLISPRIPERSQUFEETX) from Jul 2016 to Sep 2025 about square feet, TX, listing, median, price, and USA.

After peaking in 2023, the average rent for industrial real estate for warehouse distribution use in New York City Metro declined. In the first quarter of 2024, the average rent was ***** U.S. dollars per square foot. Despite the decrease, this was notably higher than 2017, when it amounted to **** U.S. dollars. New York City Metro is one of the leading markets in the U.S. in terms of industrial and logistic state inventory.

Explore Panama City, FL rental market 2025. The average long-term prices $1,883 and short-term $4,389, with trends shaping housing in a city of 34,211 residents.