Well I'm trying to see what cities have how much office space in their CBDs and downtowns or all together in the city (because some cities are different)

I'm talking Office space in class A and B, renovated space in progress, available space and vacancy rates, the amount of space occupied and any links of statistics you can find.

I'll start with Buffalo...

this is what i can find, if any of my fellow Buffalonians can ammend this please do so.





Buffalo

Buffalo city population - 279,745 *est
Buffalo Metro population - 1,230,213 *est
City of Buffalo land area - 41 Sq Mi

Space in Buffalo - 12,000,000 SF
Total Office space established - 6,300,000 SF
Class A - 3,200,000 SF
Class B - 3,100,000 SF
vacancy rate - 3.39% decreasing*

-downtown-
Employees working downtown - 58,000
Employers operating downtown - 1,100
Hotel rooms downtown - 1,500

sources: Buffalo Place, CB Richard Ellis marketview, Emporis.com


I wanna see Pittsburgh, Boston, Baltimore, Philly, Rochester, Hartford, any and all of what we have up here.

Geez Buffcity...... go to sleep it's 1:30!

I gotta stay up anyway...night shift...yeeeahhh!!!!


Well, it's kind of hard to find this, but I will try...

Hartford, Connecticut

City population: 124,397
Metro population: 1,304,067
Hartford land area: 17 sq mi.

Space in Hartford:
Total Office Space:
Class A: 7.89m (CBD), 17.809m SF

Vacancy Rate: 16.55% overall (25.35% CBD)


I have no idea how much jobs are downtown, but according to the census, Hartford adds nearly 66,000 people during the day, so it must be large.

Geez Buffcity...... go to sleep it's 1:30!

my mommy lives across town, her bedroom is not at the end of my hall...wait I can hear her "RocGuy go to bed, you are only 17...no more internets"

I stay up late to watch my neighbors (Russian girls working at Six Flags) get drunk and run around topless or just in towels sometimes wierd stuff happens over there...EHHHH!!! lol :scouserd:

HAHA. I go to bed when I want. I can stay awake for 18 hours with only 1 hour of sleep. All I have to do is close my door.

BuffCity, when you say 12,000,00 square feet in Buffalo, do you mean downtown, the city, or the metro?

Just curious :)

well it is certainly just the city of Buffalo...I can't tell from what I have read if that means just the CBD or all the office space in the city.

I mean there is office space on Broadway, Elmwood, Delaware, Hertel, Niagara and the whole legnth of Main...my guess is thats for the entire city, but if someone can find some more info we will probably know.

I stay up late to watch my neighbors (Russian girls working at Six Flags) get drunk and run around topless or just in towels sometimes wierd stuff happens over there...EHHHH!!! lol :scouserd:

pics?

Wilmington was recently ranked dead last in the nation in terms of demand for office space. But this is because we've ben seeing huge growth in terms of new skyscrapers and converted buildings, as well as the sale of the state's largest private employer, MBNA.

http://www.delawareonline.com/apps/pbcs.dll/article?AID=/20060419/NEWS/604190396

I want numbers people!

Birmingham has 25,938,212 square feet in the city (not just downtown) with an average occupancy rate of 92.5%.

The CBD employs over 80,000 workers and there are close to 2,700 rooms downtown with 600 more proposed and/or under construction.

Bham...more than expected :)

Stamford, CT


Stamford, CT City Population:120,045
Stamford Metro Area- 21,903,623( Because of New York
But if it were Stamford-Norwalk Metro: 204,482

Office Space:15,000,000 Sq. Ft of office space being rented
People Working In Stamford:84,000 ( estimate)
Employees working downtown:
Employers Operating Downtown:
Hotel Rooms Downtown:

I can't find anything really, that's all i have for now. Stamford never has any information on anything. You can never find information on Stamford, its like its locked up in a safe somewhere. You can't really get any good demographics. If anyone finds anything from Stamford, post the info for me, thanks.

This took a lot longer than I thought it would to compile.....

Downtown Baltimore Facts as of Q2 2006

Office Square Footage:

Total office space in Baltimore's CBD: 13,044,335 sf
Total office space in Baltimore City (non-CBD): 5,420,635 sf.
Total office space in Baltimore City (CBD + non-CBD): 18,464,970 sf.
Total office space in Baltimore's suburban market: 36,240,296 sf.
Total office space in Baltimore Metro: 54,705,266 sf.

Office Vacany Rates:

Direct CBD vacany rates: 12.43%
Direct City of Baltimore vacancy rates: 15.13%
Direct suburban market vacancy rates: 10.30%
Direct Baltimore Metro vacancy rates: 11.28%

Asking Rents:

Average rent in the CBD: $22.07 per sf.
Average rent in the City of Baltimore: $20.61 per sf.
Average rent in the suburban market: $21.90 per sf.

Baltimore and Downtown Demographic Info

Baltimore Population: 635,815, ranks 18th among US cities
Baltimore Metro Population: 2.6 Million, ranks 18th in US metros/8.4 Million, ranks 4th among US metros
Physical Size: 81 square miles

Dowtown Baltimore is home to:
• 100,019 office workers
• 36,980 residents, ranks 8th among US cities for population density within a 1-mile radius from the City Center
• 20,600 students
• 6485 Hotel rooms downtown, ranks 14th among US cities
• 3,145 households earning $75,000+ annually, 14th among US cities

Sources: emprois.com, harboreast.com, godowntownbaltimore.com, cbre.com

^^^man, was I thorough. Talk about setting the bar. lol.

Some facts from the Delaware Business Ledger:

Office Vacancy Rates by market, first half of 2005 (from GVA Smith Mack):
Northern Delaware: 18.7%
Philadelphia CBD: 12.1%
Southern New Jersey: 13.7%
Malvern/Exton:18.9%
Wayne/King of Prussia: 21.9%

Office Vacancy rate in Northern Delaware (from Grubb & Ellis):
3Q/04: 21.2%
4Q/04: 18.8%
1Q/05: 16.4%
2Q/05: 15.9%
3Q/05: 15.5%

Office space in New Castle County, measured in square feet (from Grubb & Ellis):
Wilmington: 852,822
North of Wilmington: 600,019
South of Wilmington: [typo, looks to e around 400,000]
West of Wilmington: 68,058

Renting Rates, Northern Delaware commercial office market, price per square foot (from GVA Smith Mack):
2Q/04: $21.32
3Q/04: $21.62
4Q/04: $21.99
1Q/05: $20.27
2Q/05: $20.30

A lot of these numbers look fishy, so I'll have to do some more research and find out what's right and what's wrong.

Bham...more than expected :)

I know it shocks you Buffalonians, but oh well...

My stats for Wilmington are definitely wrong. Bank of America (formerly Wilmingotn-based MBNA) alone occupies 1.75 million square feet of downtown.

Here's Boston according to: Boston Office Space Statistics (http://iis.spauldslye.com/bip/MS/Research/Q1%202006%20Greater%20Boston%20Market%20Highlights.pdf)

Class A:

Total Supply (SF): 32,755,376
Vacant Space (SF): 2,630,245
Percent Vacant (%): 8.0

Class B:

Total Supply (SF): 20,408,120
Vacant Space (SF): 2,432,822
Percent Vacant (%): 11.9%

Class C:

Total Supply (SF): 5,221,966
Vacant Space (SF): 639,514
Percent Vacant (%): 12.2%

Total:

Total Supply (SF): 58,385,462
Vacant Space (SF): 5,702,590
Percent Vacant(%): 9.8%

• Direct vacancy in downtown Boston dipped below 10% for the first time since 2002, reaching 9.8% during
the first quarter of 2006. This reflects 5.7 million square feet of vacant space. Overall availability
including sublease space and future available space dropped to 13.9% from 14.4% last quarter.
• The Boston office market recorded 280,383 square feet of positive net absorption during the quarter,
slightly lower than the level achieved in the last three quarters.
• Traction in the low-rise and Class B segments of the market improved during the quarter, with the bulk of
the net absorption occurring in the Class B market, the first time this has happened during this recovery.
• Spaulding & Slye is currently tracking eight tenants in the Boston market actively seeking at least 100,000
square feet of space. Landlords are still aggressively pursuing these tenants, but with Class A options for
large requirements dwindling, commitments from this group will likely either lead to a game of tenant
musical chairs or start the first new development of this cycle.
• The market’s average asking rent increased 2% during the first quarter to $35.04 psf gross for all classes
of space. Rents are up nearly 10% overall from the low point in the second quarter of 2005, and have
increased 20-25% for some high-rise Class A space to the $50-60 psf gross range.

I left out some other stuff that you can see by accessing the link I provided. Things such as price per square foot, net absorbsion, availability rate, etc. Stuff that I didn't think was as relevant as the actual total space numbers.

The following is according to the Rochester Downtown Development Corporation's May 2005 Survey of Downtown Office Space (not too much has changed in the past year or so; my educated guess would be that total space has increased slightly and vacancy has decreased slightly) :

Total Office Space: 9,805,227 sq ft (19.1% vacant)
Total Class A: 2,261,273 (13.3% vacant)
Total Class A/R: 391,505 (17.4% vacant)
Total Class B: 3,798,164 (27.3% vacant)
Total "Non-Traditional": 990,659 (46.7 vacant)
Total "Non-Competitive": 2,363,676 (0% vacant)

Total Downtown Workers: more than 50,000
Total Downtown Residents: 3,675 (estimated)
Total Downtown Housing Units: 2,590 (4.7% vacant)

The numbers will change significantly with the construction of the Moshe Safdie-designed Renaissance Square, which will knock down hundreds of thousands of square feet of practically vacant office space at the city's core beginning next year. In addition, a number of new housing developments will continue to increase the number of residents living in our Center City.

I know it shocks you Buffalonians, but oh well...

what will shock me is when they get a NHL team and find out they are still from Alabama and are a bunch of NASCAR screw fucks :)

Now that was unnecessary...

Of course so is the Birmingham superiority complex that pervades every one of these threads.

what will shock me is when they get a NHL team and find out they are still from Alabama and are a bunch of NASCAR screw fucks :)

:hilarious:

LMFAO!!!! "screw fucks"

Cool, this is one of my favorite topics. I like the way CB Richard Ellis breaks down the markets but they are inaccurate because they leave out spaces less than 20,000 square feet, they don't include sub let space or some government buildings. CoStar is more accurate but I couldn't find their report so here goes.

All from 2nd Qtr of 2006 Source: CBRE.


Washington, D.C. office space in square footage.

Market Rentable Area Vacancy YTD Net Total Under Lease Rate $
Absorption Construction SF/YR
SF SF

CBD: 38,458,111 6.0% 159,529 2,352,289 $40.32
East End: 37,509,001 6.0% (85,599) 2,848,830 $44.16
Capitol Hill: 13,553,481 6.4% 180,357 2,587,345 $41.34
Southwest: 11,336,635 11.2% 763,217 1,027,334 $46.15
Georgetown: 2,626,166 6.1% (38,317) 173,946 $38.91
West End: 3,744,176 5.0% (31,841) 0 $42.30
Uptown: 7,349,919 4.0% 62,886 0 $32.42

Washington, DC Total: 114,577,489 (more like 117-120 million) Vacancy 6.4% Under construction 8,989,744 Total rents $42.16




Montgomery County Maryland office space in square footage.

Market Rentable Area Vacancy YTD Net Total Under Lease Rate $
Absorption Construction SF/YR
SF SF

Gaithersburg 4,463,602 9.3% (103,206) $21.93
Germantown 2,431,233 11.1% 20,793 $24.50
North Bethesda 9,992,975 9.6% 10,920 $28.52
North Rockville 10,915,408 10.1% (73,565) 108,574 $27.54
Rockville 6,489,282 6.8% 43,541 $26.48
Subtotal I-270 Corridor 34,292,500 9.3% (101,517) 108,574 $25.79
Bethesda/Chevy Chase 10,923,374 5.7% 90,833 202,147 $30.85
Kensington/Wheaton 1,736,079 4.0% 12,737 $23.14
North Silver Spring/Rt. 29 2,961,791 2.5% (4,080) $22.68
Silver Spring 6,620,916 4.2% $24.53
(7,254,729
sq\ft in 2004
according to
Montgomery
County)

Montgomery County Total: 56,534,660 7.5% 37,693 310,721 $27.12

I've been without internet access so I haven't been able to view replies.

what will shock me is when they get a NHL team and find out they are still from Alabama and are a bunch of NASCAR screw fucks :)

Question. These "screw fucks" and NASCAR dads - didn't the majority of them vote for your beloved President Bush? And if that's the case, are you saying that Bush voters are "screw fucks?" Does that also mean you, as a white man who voted for Bush and dresses in FUBU, are indeed a "screw fuck" as well?

Just curious.

;)

:lol:

Though I never got the point in watching grown men drive a car in circles for 300 miles or whatever. Children can do that. It's big in NH too.

DT good point, but don't ever assume anything about a TRUE Republican Conservitive.

I used to like NSACAR, back when it was a true racing sport with Dale Earnhardt before he died. I slowly got away from the sport, now I finally have washed my hands of it because I find it fake and kinda boring because it is not what it used to be. Now I know they all voted for Bush down there, and I think I should thank them for that, but its a totally different topic anyways.

As for cities, Republicans build the northeast years before we had Kennedy and all the 60's hippie shit. Why? completely business friendly and educated political figures. Now the NE is stuck with falling population numbers to southern states and the DNC political influence is going away more and more in favor of extremism on the left. If we could get some of the Republican brains back to NY and the NE we would have a powerhouse state again...you know the Rudy Guilianni, Jeb Bush types.

Anyways, hope you guys enjoyed the Glen...NASCAR was in WNY today. :)

Wilmington's 30 largest office buildings downtown make up about 7,350,000 square feet of office space.

Wilmingotn's immediate suburbs contain about 7,100,000 square feet of office space.

This information is from the Delaware Book of Lists.

As for cities, Republicans build the northeast years before we had Kennedy and all the 60's hippie shit.

What the hell are you talking about "Republicans built the Northeast?"

Shit, you can talk about Federalists and other historic parties as well... what an empty bullshit point.

Kennedy and the 60s hippie shit? Come on, stop learning how to think from the AM dial and use some common sense. This has nothing to do with the status of the Northeast vs anywhere else.

The South was dirt poor, mostly so it was cheaper to get workers in that part of the country. As with sending jobs to Mexico, China and India.

Everything was cheaper and is still cheaper than NYC, DC or Boston.

You get what you pay for and having lived in south for several years, I have witnessed first hand the Republican utopian values and how fucked up it is.

The whole country currently sees it with the incredibly incompetent administration we have.

You would think that this country learned from the Reagan years, but the GOP dumbing down of America has worked well.

Keep 'em stupid, keep 'em scared, keep 'em out of the loop and keep the simpled minded Old Testament rhetoric comin'

...that's the GOP way, and that's their way of winning.

What the hell are you talking about "Republicans built the Northeast?"

Shit, you can talk about Federalists and other historic parties as well... what an empty bullshit point.

Kennedy and the 60s hippie shit? Come on, stop learning how to think from the AM dial and use some common sense. This has nothing to do with the status of the Northeast vs anywhere else.

The South was dirt poor, mostly so it was cheaper to get workers in that part of the country. As with sending jobs to Mexico, China and India.

Everything was cheaper and is still cheaper than NYC, DC or Boston.

You get what you pay for and having lived in south for several years, I have witnessed first hand the Republican utopian values and how fucked up it is.

The whole country currently sees it with the incredibly incompetent administration we have.

You would think that this country learned from the Reagan years, but the GOP dumbing down of America has worked well.

Keep 'em stupid, keep 'em scared, keep 'em out of the loop and keep the simpled minded Old Testament rhetoric comin'

...that's the GOP way, and that's their way of winning.

so you are saying the liberal welfare spending on social programs has added to the tax base and created booming business?

What my point is...the Democrats and liberals have chased businesses out of many of the NE cities, not always by state but rather region. Look at the rust-belt, look at how cities like Boston and Providence are so overloaded with liberals and taxes that the cities (while looking very nice) are financially half as strong as they happened to be pre-WWII

I'm just sayin...stop with all the pork spending, corporate welfare and social programs...THAT SHIT IS NOT DOING ANY FAVORS.

and I love how the liberals all FEAR the AM Radio...I mean I know you tried it and it failed like hell, I guess in the end of a discussion you need a point, something liberals have yet to grasp... :poke:

Buffcity... it sounds like you've been in Buffalo a little too long :-0

DT good point, but don't ever assume anything about a TRUE Republican Conservitive.

I used to like NSACAR, back when it was a true racing sport with Dale Earnhardt before he died. I slowly got away from the sport, now I finally have washed my hands of it because I find it fake and kinda boring because it is not what it used to be. Now I know they all voted for Bush down there, and I think I should thank them for that, but its a totally different topic anyways.

As for cities, Republicans build the northeast years before we had Kennedy and all the 60's hippie shit. Why? completely business friendly and educated political figures. Now the NE is stuck with falling population numbers to southern states and the DNC political influence is going away more and more in favor of extremism on the left. If we could get some of the Republican brains back to NY and the NE we would have a powerhouse state again...you know the Rudy Guilianni, Jeb Bush types.

Anyways, hope you guys enjoyed the Glen...NASCAR was in WNY today. :)

What about the successful state governments and legislatures controlled by the Democrats in areas such as Tennessee, Alabama, and North Carolina? All three states have some of the lowest tax burdens in the entire nation and are growing at a rapid pace.

Democrats down here are fiscally repsonsible and socially moderate.

How in the hell did this turn from talking about office space in cities to a polital debate!?!?!?! And I thought the Upstate/New England to Donuts thing was stupid!

so you are saying the liberal welfare spending on social programs has added to the tax base and created booming business?

I am saying that it's bullshit yes.

What my point is...the Democrats and liberals have chased businesses out of many of the NE cities, not always by state but rather region

I haven't seen Republicans do any better. Making city/metro issues into national party platform issues is misguided. Since party isn't the basis for local decisions likes this.

Look at the rust-belt, look at how cities like Boston and Providence are so overloaded with liberals and taxes that the cities (while looking very nice) are financially half as strong as they happened to be pre-WWII

Hmm... nothing to do with the burbs which Republicans love so they rape the city without the paying the taxes could it?

and I love how the liberals all FEAR the AM Radio...I mean I know you tried it and it failed like hell, I guess in the end of a discussion you need a point, something liberals have yet to grasp...

Fear? Where the hell do get that.. or that's right, it's the standard talking point from your shows.

I actually I did try the AM dial and it did fail. In my younger days I was a Republican, had Rush's first book and even read - gasp - Pat Buchannan's book...

I made my point and I also pointed out the bullshit that right wingers take daily for thought.

So please, go ahead and blame Buffalo's problems on the "liberals" while the majority the metro sits outside of the city proper sucking it dry, driving in and out of the city in their gas guzzlin' trucks.

One thing about true "conservatives", is that every issue always comes down to "liberals do..." or "liberals don't do...". We (by we I mean not necessarily just liberals - but everone else) don't care. We want to know what YOU think, otherwise we wouldn't be asking of or listening to you!

Personally, liberals, conseratives, Democrats, Republicans, they're all the same. Nothing more than big special interest groups. This country wasn't founded with the intent of having a partisan duopoly, with a "lesser of two evils" election every 2, 4, or 6 years. Frankly, I'm jealous of other countries that have 4,5, etc. jerkoffs running in each election.

And we wonder why the US is losing competitive ground to nearly everyone. Heck, even Iraq has advanced at a faster overall rate based on where they started from a few years ago. If you want to look at it that way...

How in the hell did this turn from talking about office space in cities to a polital debate!?!?!?! And I thought the Upstate/New England to Donuts thing was stupid!

:rofl:

Talk about off-topic!

Liberal, or Conservative, it doesn't matter...ALL the politicians messed up the cities...

Different party but they are SOS: same old shit...(pardon my french)

Buffcity... it sounds like you've been in Buffalo a little too long :-0

you are right, thats why I'm looking forward to my vacation to Syracuse next week. :)

There was an interesting discussion on the Rush Limbaugh show yesterday, but it was his fill in...they talked about Urban renewal, welfare and development in cities and how UR and Big Welfare was not what killed the cities, but rather what kept them dead for so long and in some cases still today in many aspects.

I will agree, there are many republicans who have added to the pain, NY's own governor Rockefellar was a HUGE problem...but thats the difference between Liberal and Conservitive...Republican and Democrat is just too much the same.

Pete DuPont, our governor in the early 80's, did a great job of turning Wilmington (and Delaware in general) into a great business place.

DuPont......would that be an heir to he DuPont fortune? Didn't they have their gunpowder company in Wilmington?

For Boston according to Oncor International:

Boston DT 57 msqft
Cambridge 18 msqft
suburbs 122 msqft

Greater DT is abot 75 msft.

DuPont......would that be an heir to he DuPont fortune? Didn't they have their gunpowder company in Wilmington?

Pete DuPont is a member of the DuPont family. The DuPonts are a huge family now, with the family tree branching out several times. The family's money is also getting dispersed as the family grows, but everyone in the family is still a multi-millionaire. The DuPonts are kind of like the royal family of Delaware.

The DuPont Company switched from gunpowder to a more diversified product, including chemicals, after World War I. They felt a little guilty making profit off of wars around the world. Moreover, they knew that the gunpowder market would slowly get smaller as warfare technology got better. Now, DuPont works with polymers, refrigerants, and other chemicals. (The DuPont Company was also the majority shareholder of General Motors in the 1920's through 1950's.)

would be interesting to see some city comparrison with numbers, I'm sure more info is out there, I'll dig and if I can find anymore I'll post or link it.

thanks everyone

This took a lot longer than I thought it would to compile.....

Downtown Baltimore Facts as of Q2 2006

Office Square Footage:

Total office space in Baltimore's CBD: 13,044,335 sf
Total office space in Baltimore City (non-CBD): 5,420,635 sf.
Total office space in Baltimore City (CBD + non-CBD): 18,464,970 sf.
Total office space in Baltimore's suburban market: 36,240,296 sf.
Total office space in Baltimore Metro: 54,705,266 sf.

Office Vacany Rates:

Direct CBD vacany rates: 12.43%
Direct City of Baltimore vacancy rates: 15.13%
Direct suburban market vacancy rates: 10.30%
Direct Baltimore Metro vacancy rates: 11.28%

Asking Rents:

Average rent in the CBD: $22.07 per sf.
Average rent in the City of Baltimore: $20.61 per sf.
Average rent in the suburban market: $21.90 per sf.

Baltimore and Downtown Demographic Info

Baltimore Population: 635,815, ranks 18th among US cities
Baltimore Metro Population: 2.6 Million, ranks 18th in US metros/8.4 Million, ranks 4th among US metros
Physical Size: 81 square miles

Dowtown Baltimore is home to:
• 100,019 office workers
• 36,980 residents, ranks 8th among US cities for population density within a 1-mile radius from the City Center
• 20,600 students
• 6485 Hotel rooms downtown, ranks 14th among US cities
• 3,145 households earning $75,000+ annually, 14th among US cities

Sources: emprois.com, harboreast.com, godowntownbaltimore.com, cbre.com


Also keep in mind the Office Space is only leasable space and this does not include buildings that are owned and used by the same company that does not actually rent. This includes millions of federal office buildings in downtown. The Social Security Metro West Headquarters is Blgd is 1.5 million square, The Federal Building is 800,000 square feet, and the court house is 300,000 square feet. The state office complex is not included neither is the 37 story state office tower. Baltimore is also home to two huge medical research campuses actually now three. There is several million square of office in the Hopkins Complex and a bit less in the U OF Maryland complex. Downtown Baltimore has closer to 20,000,000 square feet.

Syracuse Downtown

Total Office space - 7,494,711 SF
Class A - 3,083,211 SF
Class B - 4,411,500 SF
vacancy rate - 12.5%

# of buildings Class A - 26
# of buildings Class B - 76

http://www.northeastrebusiness.com/articles/FEB06/snapshot2.html

how much is used in Syracuse? I mean...I know the city has some hefty offices, but to say there is over 7 mil sf...are you sure?

Not sure who is right...

According to this website for 2006
http://www.northeastrebusiness.com/.../snapshot2.html

Downtown Syracuse has 7,494,711 SF and vacancy rate - 12.5%

But just two years ago, the CNY Business Journal Downtown had

5,809,900 SF listed as the total office space for Downtown Syracuse and at
vacancy rate - 14.2%

Don't think Syracuse added another 1,000,000 SF in less than two years, maybe they just expanded what they consider downtown.

I see what you are saying...I would imagine that the 7 mil figure is total office space...but perhaps not utilized as such because its being renovated or is simply empty and not on the market.

also, it could be that the 7 mil figure is including federal, state and local offices as well.

the important number is the vacancy rate...the lower the number the more likely a new building will go up.

thanks for the numbers regardless...I think Syracuse has many fans here.