PowerPoint Presentation...$0 $20 $40 $60 $80 0% 2% 4% 6% 8% 10% 12%) 14% F) Direct Availability Rate...
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Transcript of PowerPoint Presentation...$0 $20 $40 $60 $80 0% 2% 4% 6% 8% 10% 12%) 14% F) Direct Availability Rate...
$0
$20
$40
$60
$80
0%
2%
4%
6%
8%
10%
12%
14%
Avera
ge
Askin
g R
en
t ($
/SF
)
Avail
ab
ilit
y R
ate
(%
)
Direct Availability Rate Sublease Availability Rate Overall Average Asking Rent
5
10
15
20
Sq
ua
re F
eet
(in
Mil
lio
ns)
Manhattan Leasing Activity 10 Year Rolling Average
13%
13%
13%
13%12%
12%
12%
12%
FIRE Professional Services Health Services Entertainment/Recreation
TAMI Consumer Goods/Retail Public Sector Other
36%
23%
16%
11%
8%
3%2%
1%
38%
26%
11%
11%
9%2%
2%1%
66%
14%
11%
6%3%
5,000 - 14,999 SF 15,000 - 24,999 SF 25,000 - 49,999 SF 50,000 - 99,999 SF 100,000 SF+
37%
22%
15%
15%
11%
4.1
6.2
7.8
7.5
5.7
8.0
9.7
8.7 9
.1
8.6
$24.3
8 $35.1
4
$41.4
2
$46.3
5
$36.2
9 $49.2
9
$55.4
1
$60.0
5
$61.7
0
$67.2
5
$0
$10
$20
$30
$40
$50
$60
$70
0
2
4
6
8
10
2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD 2017
TI
All
ow
an
ce
Fre
e R
en
t (M
on
ths)
Manhattan Free Rent Manhattan TI Allowance
5.23
7.30
8.81
9.73
21.04
0 5 10 15 20 25
> 250,000
100,000 - 250,000
50,000 - 100,000
25,000 - 50,000
< 25,000
Total Availability (MSF)
Blo
ck S
ize R
an
ge
(S
F)
3,446
278
125
48
10
$2.6billion in annual revenue
2.0billion square feet under management
15,000professionals and staff
Copyright © 2017 Colliers International.
The information contained herein has been obtained from sources deemed reliable. While every reasonable effort has
been made to ensure its accuracy, we cannot guarantee it. No responsibility is assumed for any inaccuracies. Readers are
encouraged to consult their professional advisors prior to acting on any of the material contained in this report.
Colliers’ statistical sample set for Manhattan totals 510 MSF and includes all commercial office properties with at least
25,000 SF of office space, from 59th Street to the Battery and river to river. Colliers’ availability rate includes only office
space scheduled for tenant build-out within 12 months. In tracking leasing activity, Colliers includes all lease types:
renewals, expansions, relocations, and the occasional sale-leaseback.
United States: 153
Canada: 29
Latin America: 24
Asia Pacific: 36
AZN: 42
EMEA: 111
