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Table 2.XX

Office Market Data 

New York County (Manhattan) 

Downtown Manhattan 2003 2004 2005 2006
Total Amount of Sq. Foot Leased (million of sq. feet) 4.55 5.45 5.80 6.93
Availability (%)* 15.30% 15.00% 14.30% 9.00%
Average Asking Lease Rate/Sq. Foot ($) $32.92 $29.94 $35.41 $39.99
 
* Space that is being actively marketed and is available for lease and sublease, including in buildings under construction
   
         
Midtown Manhattan 2003 2004 2005 2006
Total Amount of Sq. Foot Leased (million of sq. feet) 11.27 18.64 15.15 18.00
Availability (%)* 13.40% 10.10% 8.80% 8.20%
Average Asking Lease Rate/Sq. Foot ($) $50.22 $49.60 $55.76 $67.10
* Space that is being actively marketed and is available for lease and sublease, including in buildings under construction
         
Midtown South Manhattan 2003 2004 2005 2006
Total Amount of Sq. Foot Leased (million of sq. feet) 4.69 5.40 5.14 4.93
Availability (%)* N/A 11.60% 8.60% 8.70%
Average Asking Lease Rate/Sq. Foot ($) $31.37 $33.11 $34.43 $41.09
* Space that is being actively marketed and is available for lease and sublease, including in buildings under construction
 
Source:
CB Richard Ellis Annual Market Data "MarketView" January 2007 (latest available).
CB Richard Ellis Annual Market Data "MarketView" January 2006.
CB Richard Ellis Annual Market Data "MarketView" January 2005.

 

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