North America

Office Market Statistics, Year-end 2007

The market statistics below are viewable in Square Feet or Square Metres and in the following currencies: US dollars, Euros, Hong Kong dollars, Pound Sterling and Australian dollars.  The default view is Square Feet / US dollars.

This report is intended for general information purposes only. Information herein has been obtained from sources believed reliable. While every effort has been made to ensure its accuracy and completeness,we cannot offer any warranty that factual errors may not have occurred. GVA Worldwide accepts no responsibility for any damage or loss suffered by reason of inaccuracy or incorrectness of this report.

North America - Office
Office Market Statistics, Year-end 2007
 Square Feet / United States $
Square Feet - US $ |EUROS |HONG KONG $ |POUND STERLING |AUSTRALIAN $
Square Metres - US $ |EUROS |HONG KONG $ |POUND STERLING |AUSTRALIAN $
CITY/REGION MARKET INVENTORY VACANCY % AVERAGE RENT/PA YTD ABSORPTION
NATIONAL, - 4,845,726,877 11.50% USD 26.63 59,000,199
Atlanta, CBD 22,908,557 20.80% USD 18.30 859,506
Atlanta, Non-CBD 159,536,341 15.70% USD 20.81 2,383,749
Austin, CBD 10,655,127 13.20% USD 29.77 14,324
Austin, Non-CBD 41,293,851 14.40% USD 23.57 512,567
Boston, CBD 59,114,300 10.90% USD 53.67 -566,838
Boston, Non-CBD 112,466,465 15.20% USD 22.01 28,298
Charlotte, CBD 18,547,154 1.80% USD 22.24 332,253
Charlotte, Non-CBD 40,894,807 12.90% USD 17.55 1,125,273
Chicago, CBD 132,133,590 10.70% USD 30.06 3,112,538
Chicago, Non-CBD 157,986,457 15.30% USD 21.49 785,398
Cincinatti, CBD 15,830,805 13.30% USD 15.84 779,123
Cininatti, Non-CBD 29,865,497 16.30% USD 15.83 1,290,549
Cleveland, CBD 27,214,232 17.50% USD 17.16 -19,775
Cleveland, Non-CBD 50,007,003 10.80% USD 17.79 1,183,986
Columbus, CBD 16,873,261 9.40% USD 17.06 340,836
Columbus, Non-CBD 34,286,134 13.30% USD 15.90 1,150,828
Dallas, CBD 29,198,844 21.60% USD 19.51 259,692
Dallas/Fort Worth, Non-CBD 201,082,044 16.90% USD 20.15 1,878,956
Denver, CBD 25,662,779 12.30% USD 24.99 494,957
Denver, Non-CBD 102,352,806 12.40% USD 19.53 2,182,333
Detroit, CBD 20,185,207 17.20% USD 20.13 -102,723
Detroit, Non-CBD 107,601,126 17.50% USD 20.52 1,223,409
Durham, CBD 2,545,963 15.10% USD 17.00 5,582
Fairfield County, Non-CBD 47,298,015 10.70% USD 32.19 426,843
Fort Worth, CBD 9,459,621 7.50% USD 22.62 -83,036
Houston, CBD 39,353,808 8.30% USD 29.47 2,008,373
Houston, Non-CBD 154,553,598 11.30% USD 21.08 2,663,954
Indianapolis, CBD 15,468,576 9.70% USD 17.63 265,524
Indianapolis, Non-CBD 36,166,299 12.60% USD 17.61 748,401
Inland Empire, Non-CBD 26,977,617 12.80% USD 24.60 1,117,834
Jacksonville, CBD 11,227,598 12.40% USD 19.71 -26,877
Jacksonville, Non-CBD 21,924,006 11.80% USD 18.41 569,616
Kansas City, CBD 13,254,451 14.30% USD 16.07 -3,908
Kansas City, Non-CBD 56,629,439 10.70% USD 18.06 2,034,964
Long Island, Non-CBD 85,291,107 9.40% USD 28.15 1,482,952
Los Angeles, CBD 53,091,325 10.60% USD 29.28 401,223
Los Angeles, Non-CBD 246,907,089 7.80% USD 31.55 1,143,632
Maryland Suburban, Non-CBD 67,443,360 12.10% USD 26.52 241,624
Memphis, CBD 5,492,877 15.80% USD 16.14 57,647
Memphis, Non-CBD 19,909,358 12.10% USD 18.13 137,600
Miami, CBD 7,165,912 9.20% USD 29.89 39,557
Miami-Dade Co, Non-CBD 47,601,371 10.40% USD 29.97 311,026
Minneapolis-St. Paul, CBD 44,032,927 13.30% USD 14.97 68,045
Minneapolis-St. Paul, Non-CBD 64,722,162 8.70% USD 16.58 1,566,725
Montreal, CBD 19,899,774 6.00% USD 32.85 447,175
Montreal, Non-CBD 44,949,582 5.30% USD 30.38 676,430
Nashville, CBD 7,095,917 10.20% USD 18.62 272,253
Nashville, Non-CBD 30,164,659 9.00% USD 19.08 1,458,731
NJ - Northern/Central, Non-CBD 160,671,600 17.50% USD 24.49 46,851
NJ - Southern, Non-CBD 19,724,963 12.70% USD 17.81 556,872
Norfolk, CBD 3,197,672 6.90% USD 20.08 5,815
Norfolk, Non-CBD 19,757,669 11.30% USD 15.90 156,549
NYC - Downtown, CBD 79,161,768 8.40% USD 48.94 404,214
NYC - Midtown North, CBD 196,714,772 7.80% USD 87.84 -964,454
NYC - Midtown South, CBD 70,170,884 7.00% USD 60.81 -208,017
Oakland/East Bay, Non-CBD 73,160,627 13.10% USD 23.75 372,890
Orange County, Non-CBD 106,336,768 11.90% USD 31.19 -886,572
Orlando, CBD 6,761,436 10.10% USD 26.44 -178,262
Orlando, Non-CBD 29,898,645 10.50% USD 19.45 -147,963
Ottawa, Non-CBD 13,232,739 3.10% USD 38.81 73,777
Philadelphia, CBD 39,052,625 9.40% USD 23.59 1,157,809
Philadelphia, Non-CBD 55,596,754 17.70% USD 21.90 505,992
Phoenix, CBD 16,967,869 12.40% USD 24.60 -336,234
Phoenix, Non-CBD 78,556,061 14.70% USD 25.17 1,365,503
Pittsburgh, CBD 28,249,906 17.00% USD 18.54 1,131,456
Pittsburgh, Non-CBD 20,456,189 15.90% USD 18.11 775,382
Portland, CBD 21,838,345 9.40% USD 21.90 343,952
Portland, Non-CBD 53,358,858 9.60% USD 19.68 1,302,694
Raleigh, CBD 3,457,166 6.60% USD 17.34 -4,447
Raleigh/Durham, Non-CBD 35,937,100 14.40% USD 18.51 424,434
Richmond, CBD 7,441,344 15.30% USD 22.00 170,683
Richmond, Non-CBD 18,039,483 10.70% USD 19.11 771,297
Sacramento, Non-CBD 50,954,426 13.20% USD 24.95 880,377
San Diego, CBD 9,766,078 14.10% USD 33.13 111,565
San Diego, Non-CBD 63,929,184 12.20% USD 32.15 1,587,836
San Francisco, CBD 53,115,487 6.80% USD 38.64 610,086
San Francisco, Non-CBD 75,251,400 8.70% USD 35.43 2,209,217
San Jose/South Bay, Non-CBD 69,961,342 9.90% USD 24.37 1,109,999
Seattle, CBD 41,953,898 9.10% USD 33.00 698,277
Seattle, Non-CBD 88,979,650 9.20% USD 26.10 1,471,691
St. Louis, CBD 16,731,489 14.80% USD 16.85 37,124
St. Louis, Non-CBD 53,088,411 9.50% USD 19.91 660,458
Tampa, CBD 6,445,611 16.30% USD 20.95 8,501
Tampa, Non-CBD 25,317,176 11.00% USD 23.24 136,281
Toronto, CBD 70,755,853 4.20% USD 41.35 755,307
Toronto, Non-CBD 122,952,324 5.80% USD 26.13 380,187
VA - Northern, Non-CBD 140,303,173 10.80% USD 30.32 644,207
Vancouver, CBD 15,154,809 1.40% USD 50.85 189,268
Vancouver, Non-CBD 24,022,728 2.10% USD 42.13 178,618
Washington, CBD 107,702,386 6.40% USD 45.03 3,734,817
Westchester Co, Non-CBD 35,452,687 9.40% USD 28.54 68,492
Wilmington, CBD 9,511,266 15.80% USD 23.64 -415,565
Wilmington, Non-CBD 12,313,458 15.20% USD 22.44 -177,894