Name: RentOfficeToday Office Rent Index, August 2026
Creator: RentOfficeToday
License: https://creativecommons.org/licenses/by/4.0/

$89.80Singapore, dearest

$14.00Addis Ababa, cheapest

6.4×Top-to-bottom spread

$39.20Median of the 12

The index

Each figure is the median asking rent for private office space in that city, converted to US dollars per square metre per month. The middle-half column shows where the central 50% of listings sit, which says more about a market than any single average.

Median asking rent for private office space, USD per m² per month
#	City	USD/m²/mo	Middle half	In local terms	Median office	Priced
1	SingaporeSG	89.80	66.30 – 102.40	S$10.70/ft²/mo	122 m²	492
2	New YorkUS	58.10	47.40 – 84.00	$5.40/ft²/mo	36 m²	1,652
3	TokyoJP	57.00	57.00 – 57.00	¥9,000/m²/mo	27 m²	468
4	MiamiUS	45.20	45.20 – 53.80	$4.20/ft²/mo	41 m²	296
5	San DiegoUS	43.10	32.30 – 53.80	$4.00/ft²/mo	41 m²	212
6	MunichDE	39.20	33.50 – 40.40	€34/m²/mo	41 m²	128
7	FrankfurtDE	35.80	30.00 – 53.10	€31/m²/mo	62 m²	399
8	HamburgDE	35.80	31.20 – 54.20	€31/m²/mo	64 m²	283
9	MoscowRU	35.10	25.10 – 47.10	₽33,500/m²/yr	187 m²	8,777
10	PhiladelphiaUS	32.30	21.50 – 32.30	$3.00/ft²/mo	145 m²	126
11	BerlinDE	30.00	23.10 – 39.20	€26/m²/mo	88 m²	1,047
12	Addis AbabaET	14.00	11.00 – 15.00	$14/m²/mo	477 m²	23

What the numbers say

1.5×

Singapore is more expensive than New York

At S$10.70 per ft² a month, Singapore's median beats Manhattan's $5.40 by half again once both are put on the same square metre. This is not a Grade-A outlier: the middle half of Singapore listings starts at $66.30/m², already above New York's median.

Germany's big four sit within $9 of each other

Munich ($39.20), Frankfurt ($35.80), Hamburg ($35.80) and Berlin ($30.00) form the tightest national cluster in the index. The capital is the cheapest of the four — a reversal of the usual pattern, where the capital leads.

13×

What you rent differs more than what you pay

The median private office is 27 m² in Tokyo and 477 m² in Addis Ababa. Prices vary 6.4-fold across the index; typical floor plates vary 13-fold. Cheaper markets are not simply cheaper — they are let in far larger blocks.

$35

Moscow prices like a German city

At ₽33,500 per m² a year, Moscow converts to $35.10 a month — between Hamburg and Philadelphia, and above Berlin. Its listings are also the largest of any European market here, with a median of 187 m².

Method

How this was built

Every figure comes from live asking rents published on the RentOfficeToday network on 3 August 2026 — not from surveys, broker sentiment or transaction records.

Scope. Only private office space counts. Virtual offices, business addresses, coworking desks and meeting rooms are excluded: they are priced per membership or per hour against a token floor area, which distorts any per-m² figure.
Normalisation. Rates quoted per ft² are converted at 10.7639 ft² to the square metre. Moscow quotes annually and is divided by twelve. Currencies are converted at mid-market rates of 3 August 2026 (open.er-api.com): €0.8667, S$1.2820, ¥158.02 and ₽79.60 to the dollar.
Statistics. We report medians and the interquartile range rather than means, because listing data carries a long upper tail. Placeholder rates below 15% of a city's median are dropped.
Limits. These are asking rents, and asking rents run ahead of signed ones. Sample depth is uneven: Moscow contributes 8,777 priced offices and Addis Ababa 23, so the Ethiopian figure is indicative only. Tokyo's listings cluster tightly at ¥9,000/m², which is why its interquartile range collapses to a single value.

Citation

RentOfficeToday Office Rent Index, August 2026.
Median asking rent for private office space, 12 cities, USD per m² per month.

The figures may be reproduced with attribution and a link to this page. For the full dataset, or a breakdown of a single city, get in touch.

The cost of a square metre of office, from Singapore to Addis Ababa