Free Top 20 U.S. States by Average Commercial Rent (2018–2025)
The chart presents the projected 2025 commercial rent rates across the top 20 U.S. states, reflecting significant variations driven by market demand, economic activity, and urban growth. California leads with the highest average rent of USD 52.9 per square foot, indicating its strong commercial real estate demand. New York follows at USD 50 per sq ft, driven by dense business districts and limited space availability. Massachusetts ranks third with USD 43.5 per sq ft, while Washington and Texas register USD 42.2 and USD 40.1, respectively, showcasing expanding commercial zones. Florida (USD 37.9) and Illinois (USD 36.8) maintain mid-tier rent levels. States like New Jersey (USD 36.5), Colorado (USD 35.2), and Virginia (USD 34.6) continue to show upward growth. Meanwhile, Tennessee (USD 27.4) records the lowest rate among the top 20, with other states such as Oregon (USD 28.2) and Minnesota (USD 28.8) close behind, indicating more affordable commercial leasing opportunities.
| Labels | Average 2025 Rent (Projected USD/sq ft) |
|---|---|
| California | 52.9 |
| New York | 50 |
| Massachusetts | 43.5 |
| Washington | 42.2 |
| Texas | 40.1 |
| Florida | 37.9 |
| Illinois | 36.8 |
| New Jersey | 36.5 |
| Colorado | 35.2 |
| Virginia | 34.6 |
| Maryland | 33 |
| Pennsylvania | 32.4 |
| Georgia | 31.8 |
| Arizona | 31 |
| North Carolina | 30.5 |
| Michigan | 30 |
| Ohio | 29.4 |
| Minnesota | 28.8 |
| Oregon | 28.2 |
| Tennessee | 27.4 |
