WASHINGTON, DC-Washington is the most expensive city in terms of total rental income, according to the Building Owners and Managers Association International's 2013 Experience Exchange Report. It clocks in at $44.30 per square foot. New York, NY, San Mateo,  San Francisco and Santa Monica, CA, follow at $39 per square foot, $36.94 per square foot, $34.49 per square foot and $34.098 per square foot, respectively.

On the other end of the spectrum is Macon, GA, which had a total rental income per square foot of $8.16. It is followed by Shreveport, LA ($11.18), Columbus, Ohio ($12.09), Huntsville, AL ($12.81) and Little Rock, AK ($12.81).

Total rental income includes rental income from office, retail and other space, such as storage areas. BOMA noted that average rental income has dropped slightly, decreasing 2.9% from 2011 to 2012, building owners and managers are compensating for these income losses with greater reductions in expenses.

BOMA also sliced and diced its data to come up with a list of the five most expensive and five least expensive cities by total operating expenses.

Five most expensive city-markets:

1. Stamford, Conn. - $16.11 per square foot

2. New York, N.Y. - $11.80 per square foot

3. Grand Rapids, Mich. - $11.16 per square foot

4. Newark, N.J. - $10.34 per square foot

5. San Francisco, Calif. - $9.66 per square foot

Five least expensive city-markets:

1. Stockton, Calif. - $3.57 per square foot

2. Fresno, Calif. - $3.61 per square foot

3. Huntsville, Ala. - $4.31 per square foot

4. Virginia Beach, Va. - $4.64 per square foot

5. Albuquerque, N.M. - $4.80 per square foot