What is the average cost per square foot for commercial rental space?

The average cost per square foot for commercial rental space varies significantly based on location, property type, and market conditions. In major urban areas, prices can range from $20 to over $60 per square foot annually, while suburban or rural areas may see rates as low as $10 to $30 per square foot. Additionally, factors such as demand, amenities, and lease terms can further influence pricing. For the most accurate figure, it's advisable to consult local real estate listings or market reports.