Tokyo
- 2010 Position: 1
- 2009 Position: 2
- $118 per square foot
London
- 2010 Position: 2
- 2009 Position: 3
- $100 per square foot
Hong Kong
- 2010 Position: 3
- 2009 Position: 1
- $99 per square foot
Dubai
- 2010 Position: 4
- 2009 Position: 5
- $74 per square foot
Mumbai
- 2010 Position: 5
- 2009 position: 6
- $66 per square foot
New York
- 2010 Position: 6
- 2009 Position: 8
- $64.50 per square foot
Moscow
- 2010 Position: 7
- 2009 Position: 4
- $63.00 per square foot
Paris
- 2010 Position: 8
- 2009 Position: 7
- $62.80 per square foot
Milan
- 2010 Position: 9
- 2009 Position: 10
- $55.00 per square foot
Zurich
- 2010 Position: 10
- 2009 position: 11
- $54.00 per square foot
Categories: Top 10 Lists
Tagged: commerical real estate, dubai, Hong Kong, Howard Ecker + Company, london, milan, moscow, mumbai, new york, New York City, Office Building, office rents, office space, paris, real estate, tokyo, zurich
There are currently twelve existing office buildings in New York City that have achieved a level of LEED certification. The total footprint of these properties is approximately 13,198,861 square feet and the vacancy rate including both direct and sublease space is hovering around 15%. Manhattan
For more information on these properties please explore the map below.
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Categories: LEED Information
Tagged: 1 North End Avenue, 100 Park Avenue, 1211 Avenue of the Americas, 1221 Avenue of the Americas, 1285 Avenue of the Americas, 135 W 50th Street, 1745 Broadway, 300 W 57th Street, 320 Park Avenue, 520 Madison Avenue, 545 Madison Avenue, 7 World Trade Center, commerical real estate, Green, Howard Ecker + Company, LEED, New York City, Office Building, office space, real estate, sublease
Industry Average square foot measurement (per employee)
1. Law Firms 423 square feet
2. Services 394 square feet
3. Government 391 square feet
4. Manufacturing 379 square feet
5. Retailers/Wholesalers 362 square feet
6. Medical 345 square feet
7. Agriculture/Utility 343 square feet
8. Engineers/Architects 328 square feet
9. Accountants 327 square feet
10. Finance 325 square feet
Categories: Top 10 Lists
Tagged: architecture, commerical real estate, Office Building, office space, real estate, Tenant Advice
Located in the heart of the Plaza District, 520 Madison Avenue is one of New York City’s most prestigious addresses. This 43 story, 1,034,108 square foot office building was completed in 1982 and designed by Swanke Hayden Connell & Partners.
According to Tishman Speyer’s website until the late 1970s, Madison Avenue between 53rd and 54th Streets consisted of many small parcels of land with different owners. Tishman Speyer recognized the location as being strategically outstanding for a major corporate headquarters and assembled land parcels totaling 39,000 square feet. Tishman Speyer managed the design, construction, and development of the office tower, which when completed in 1982 represented the first investment-grade, stone-clad office facility constructed in New York City in over a decade. Tishman Speyer still owns this property today.
In 2009 520 Madison Avenue was awarded LEED certification at the Silver level by the U.S. Green Building Council. According to Costar the building is currently 97% occupied and houses an exclusive tenant roster that includes, Fortis, Carlyle Investment Management and Jefferies & Company.
Categories: Office Building of the Month
Tagged: 520 Madison Avenue, architecture, Carlyle, commerical real estate, Fortis, Green, Howard Ecker + Company, Jefferies & Company, LEED, madison avenue, New York City, Office Building, office space, real estate, swanke hayden connell & partners, tishman speyer, U.S. Green Building Council
- Chicago 65,853,319 square feet
- Washington D.C. 58,868,060 square feet
- Dallas/ Fort Worth 54,804,618 square feet
- Los Angeles 48,129,205 square feet
- Northern New Jersey 46,127,981 square feet
- Atlanta 45,156,406 square feet
- Philadelphia 45,079,039 square feet
- Boston 39,634,269 square feet
- New York City 39,041,280 square feet
- Houston 36,470,700 square feet
Categories: Top 10 Lists
Tagged: Atlanta, Boston, chicago, Houston, Los Angeles, New Jersey, New York City, Office Building, office space, Philadelphia, real estate, skyscraper
The following five U.S. cities offer an array of attractive destinations for cleantech companies looking to relocate:
- Austin: Austin is providing the new headquarters for the Clean Technology & Sustainable Industries Organization (CTSI). CTSI chose Austin because it has a thriving cleantech community, consisting of researchers (including those at the university level), sustainable development and investment. The Innovate Texas Foundation is also located in Austin, and expects to work with CTSI.
- Boston: In 2008, the Boston area saw an investment of $387.17 million in greentech projects. The Boston area also includes a variety of cleantech pioneers, including Aeronautica Windpower, Conservation Services Group, Boston-Power, Inc., Evergreen Solar, GreatPoint Energy and others.
- Denver: Denver continues to be one of the strongest hubs for cleantech companies. The Colorado Clean Tech Initiative ensures that start-up businesses in the state receive some assistance with funding. Meanwhile, Denver also has a blueprint for cleantech use and transportation that focuses on sustainability. The city was one of the first to get an alternative fuel vehicles for public transportation, and boasts the first major airport to reach ISO 14001 standards.
- Seattle: Seattle is on the short list of cities that are likely to receive millions in funding for the purpose of jump-starting alternative energy technology. An annual budget from the federal government, if Seattle is approved as a R&D center, could be as high as $200 million.
- San Francisco: San Francisco regularly hosts the prominent Cleantech Forum, bringing in cleantech leaders from throughout the county to share best practices, while the city also continues to maintain its status as a recognized destination for emerging companies. San Francisco also has a sustainability plan that tackles air quality, biodiversity, energy issues and green economic development.
Categories: Clean Tech
Tagged: Austin, Boston, Clean Technology & Sustainable Industries Organization, cleantech, commerical real estate, CTSI, Denver, GreatPoint Energy, NREL, Office Building, real estate, San Francisco, seattle, Tenant Advice
Recent events in the financial markets have seen even the most seasoned companies pitch into chaos. The instincts of those less-affected companies are simply to hunker down and try to minimize the worst effects of the turmoil. However, in chaos lies opportunity. Simply put, smart moves in tight times will payoff for companies in the future as the economy eventually starts to improve. It is all about positioning and seizing opportunities that do not exist in more robust markets. This is particularly so for commercial office tenants.
Credit. It is something that, until recently, had been available and plentiful. As this is no longer the case, many commercial office tenants are suffering from the effect of a tightening credit market. For example, tenants who have recently leased space may be unable to obtain the loans necessary to complete a build out and furnish a space, often resulting in self-financing or even subleasing of space. Likewise, nervous landlords are demanding as many as five years of perfect credit and excessive security deposits before leasing space to tenants. It is clear that landlords no longer intend to act as a lender as they have in the past, at least not in the near term. Troubling events for sure, however rather than hunker down, now is the time for tenants to look at the advantages that they do have in this market and then execute the right moves.
Furnishing a space is also becoming more difficult in this tight market. Getting the credit to furnish a space is one thing, but even those tenants seeking to lease furniture are finding that substantial security is required, even personal guarantees. It may therefore be the time to look into the burgeoning refurbished furniture industry.
It is also prudent for tenants to think about greening existing operations as well as doing green fit outs. Again, this is all about efficient business operations. It will save money. It will save energy. It will help save our climate. Simply, in these times, green smart is business smart. So, while the markets remain depressed, a key question for a company must now be: Given our current leasing situation, what are the smart moves in these down times that will maximize the opportunities now available?
Categories: Tenant Advice
Tagged: commerical real estate, credit, Howard Ecker + Company, office space, real estate, Tenant Advice
- New York City 525,509,966 square feet
- Washington D.C. 440,485,717 square feet
- Chicago 431,118,820 square feet
- Los Angeles 422,387,149 square feet
- Philadelphia 357,644,607 square feet
- Boston 354,881,513 square feet
- Northern New Jersey 337,857,475 square feet
- Dallas/Fort Worth 319,176,481 square feet
- Atlanta 271,080,830 square feet
- Houston 257,606,176 square feet
Categories: Top 10 Lists
Tagged: Atlanta, Boston, chicago, Dallas, Fort Worth, Houston, Los Angeles, New Jersey, New York City, Office Building, office space, Philadelphia
artwork provided by Steven Wasterval
Although New York City has a number of iconic office buildings, my favorite happens to be the Flatiron Building. Consisting of 22 floors and a surface area of 183,449 square feet, at the time of its completion in 1902, The Flatiron Building was the tallest skyscraper in the world.
At the turn of the 20th century, George Fuller’s construction company commissioned Daniel Burnham to design an office building north of Wall Street that would help create a new business center. Burnham was famous for his work leading up to the World Colombian Exposition in Chicago (1893) and he wanted to design a building that resembled a tall column rather than a large skyscraper.
The skyscraper was built at the intersection between Fifth Avenue and Broadway and, from the outset, its resulting triangular shape led to it being nicknamed the “Flatiron Building” instead of its intended name, “The Fuller Building.” The Flatiron’s unusual location makes it one of the most recognizable features on the city’s skyline.
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The Flatiron building was the first independent skyscraper equipped with its own fire extinguishing system and with its own power generating station for the production of electricity. The residual steam was used for heating and to drive the original elevator mechanism.
The building is currently 99% occupied and owned by Sorgente Group S.p.A.
Categories: Office Building of the Month
Tagged: architecture, Burnham, Fifth Avenue, Flatiron Building, New York City, Office Building, office space, skyscraper, sorgente group, steve wasterval
