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.
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
Follow the Dow Jones Industrial Average…………
* chart provided by Meghan Smith of Howard Ecker + Company
Categories: Tenant Advice
Tagged: commerical real estate, Howard Ecker + Company, New York City, Office Building, office rents, office space, real estate, skyscraper, Tenant Advice
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:
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
