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Its eight one-bedrooms and five two-bedrooms have an average rent of $1,019 a month.
"Right now, we have an average rent of $2,400 a month, with average income of $21,000.
Subtract the average rent of £48.47 or £82.75 in London and you are left with £26.62 to live on or £8.84 in London.
They would however be able to afford the average rent of the greater metropolitan area, which extends from Cessnock to Wollongong.
Industry executives familiar with CBRE's new lease said it included an average rent of about $70 a square foot, approximately nine months of free rent and a tenant improvement allowance of about $55 a square foot.
Click HERE for larger version of the graphic The most expensive Tube stop to live near in London is Hyde Park Corner which has an average rent of £2,920 followed by Knightsbridge (£2,832) and Green Park (£2,384).
Similar(35)
That compares to average rents of $38 in Fairfield.
Unsurprisingly, Chelsea tops the list, with average rents of £454 per week around Stamford Bridge.
A quintessential college town, it has the lowest median age, the highest percentage of high school graduates and the highest average rents of any major Eastern city.
Global is taking all the available space in the building at average rents of about $42 a square foot, said real estate brokers, well above the single-digit rents paid by the old industrial tenants.
That area, which covers parts of seven communities in Bergen and Hudson Counties, has a vacancy rate of 3.2percentt and average rents of $5.80 a square foot, the highest in the state, according to Grubb & Ellis.
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