Submarket guides
Every CRE submarket that matters.
Asking rents, vacancy, concession packages, and broker perspective on the top office submarkets in NYC, San Francisco, Chicago, and Boston. Updated quarterly.
New York, NY
Midtown Manhattan
Midtown is the largest office submarket in the U.S. by inventory, anchored by Park, Madison, and Sixth Avenues.
Read guideHudson Yards
Hudson Yards is Manhattan's newest Class A trophy submarket, built almost entirely after 2015 with state-of-the-art mechanicals, large floor plates, and direct 7-train access.
Read guideFinancial District
FiDi (Financial District) is downtown Manhattan below Chambers, with the lowest Class A rents of any major Manhattan submarket and easy access to four major transit hubs.
Read guideSoHo / Hudson Square
SoHo and Hudson Square form Manhattan's premier creative-tech submarket — loft-conversion buildings with high ceilings, exposed brick, and column-spaced floor plates favored by media, tech, and luxury retail HQ.
Read guideTribeca
Tribeca is downtown Manhattan's premium loft-creative submarket — Citi anchor, Spotify HQ, smaller boutique loft inventory than SoHo at comparable rents.
Read guideChelsea / Meatpacking
Chelsea (and the adjacent Meatpacking District) is Manhattan's tech-creative spine — Google's massive footprint at 111 Eighth, the High Line corridor, and converted warehouse loft inventory.
Read guideSan Francisco, CA
Financial District
SF's Financial District is the historic Class A core, anchored by Salesforce Tower, the Transamerica Pyramid, and the Embarcadero Center — hardest-hit Manhattan-adjacent market post-COVID, now in deep value territory.
Read guideSoMa
SoMa (South of Market) is SF's tech-loft submarket — warehouse-conversion buildings, lower rents than FiDi, and the geographic core of the Bay Area startup scene.
Read guideChicago, IL
The Loop
The Loop is downtown Chicago's traditional Class A core — LaSalle Street financial corridor, Willis Tower, Aon Center, with the deepest value pricing among major U.S. CBDs.
Read guideFulton Market / West Loop
Fulton Market is Chicago's standout post-COVID winner — redeveloped meatpacking district turned tech-creative submarket, with single-digit availability while the rest of the Loop softens.
Read guideRiver North
River North sits just north of the Chicago River from the Loop — advertising, marketing agencies, tech-startup density, and converted-loft Class B+ at materially lower rents than the Loop.
Read guideBoston, MA
Back Bay
Back Bay is Boston's premier office submarket — Boylston/Newbury corridor, Prudential and Hancock towers, the city's most resilient Class A market post-COVID.
Read guideSeaport / Innovation District
The Seaport is Boston's newest Class A submarket — redeveloped from industrial waterfront in 2010–2024, anchored by Vertex, GE (RIP), and a tech-creative tenant base that prefers larger floor plates than Back Bay offers.
Read guideLos Angeles, CA
Downtown LA (DTLA)
DTLA is the historic CBD of Los Angeles — the Bunker Hill towers, Financial District, and the Arts District redevelopment, with rents 30–40% below Westside markets.
Read guideCentury City
Century City is LA's premier Westside Class A office submarket — trophy towers, talent agencies, and Big Law, with the highest sustained rents of any LA submarket post-COVID.
Read guideBeverly Hills
Beverly Hills is LA's boutique-prestige submarket — lower-rise older trophy stock, smaller floor plates, premium addresses for entertainment, finance, and family offices.
Read guideSanta Monica
Santa Monica is LA's tech-creative beachfront submarket — lower-rise creative office stock, ocean access, the Silicon Beach core anchor.
Read guideWest LA / Brentwood
West LA covers Brentwood, Westwood, and the Wilshire corridor between Beverly Hills and Santa Monica — generalist Class A office at slightly more accessible rents than Century City.
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