[vel0city]

Average cost $2?! You must be thinking monthly, not yearly. Most of the time you hear commercial $/sqft it's the yearly rate, as 5 year leases are pretty common in commerical leases while extraordinary rare in residential.

To put that number into perspective for those used to thinking residential leases, that would mean a 900sqft apartment would rent for $150/mo. Normally commercial leases are slightly more expensive per square foot in literally every market I've ever looked at.

Please, do tell me market in the US where I can rent a 2,000sqft apartment for $333/mo and live in a decent metro area.

[JohnFen]

Yes, I'm talking monthly.

The residential prices in my area are MUCH higher. A 1000sqft apartment goes for around $1200/mo.

[vel0city]

Ah, that's where the disconnect is. $2/sqft/mo works out to $24/mo yearly (obviously) which is definitely more in line with the numbers I was talking before. ~$20/mo seems to make sense to me, much higher than that and I just don't understand paying those rates. There's plenty of wonderful places to live and work with commercial real estate in the $20's.

[hobs]

fwiw the commercial asset management product I did data stuff for always quoted it by month so that's what I was talking.