How digital connectivity can increase rents for Class B properties owners

After examining rents in 350 office buildings in Manhattan, Class B commercial buildings with digital connectivity certifications from WiredScore were able to demand nearly 7% higher rents compared to their peers. Depending on the building’s certification level rents increased at an average of $59 to $72 per square foot and Class B properties which received 3 out of a possible 5 Stars on CoStar’s Building Rating System generated up to $7.50/ SF in extra rent compared to non certified properties, when controlling for closeness to subway and building rating.

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