Sentences with phrase «of new office space»

Another 73 million sq. ft. of new office space should be delivered in 2008.

Over the next 2 years a scrap yard is set to house 1.5 million square feet of new office space in Portland along with multifamily housing and public parks.

Construction of new office space in New York City is on track to hit a 25 - year high this year and almost double that built in 2014, reflecting increasing employment and low interest rates, according to a new report by the New York Building Congress.

Only 1.697 million square feet of new office space came online in the first quarter of 2013, the lowest quarterly figure for new completions since Reis began publishing quarterly data in 1999.

Vacancy is not expected to rise rapidly, but with an estimated 91 million sq. ft. of new office space under construction nationally, demand may not be able keep pace with deliveries in 2017, according to the Colliers report.

But there doesn't seem to be an indication of that,» says O'Toole, nothing that almost half the 5.4 million square feet of new office space now in the works has already been pre-leased.

Atlanta led by a wide margin with 5.22 million sf of new office space.

Trepp and his fellow panelists agreed that even with up to 1.5 million square feet of new office space potentially delivered to market in the next three to five years, the Vancouver market would remain «in balance», peaking at no higher than 14 per cent vacancy when the new supply arrives.

Playing to its town - centre location, such as close proximity to the motorway network and access to a skilled labour pool, the project masterplan envisages a mix of new office space, a business - class hotel and other complementary uses such as retail and leisure.

The expansion of tenants was offset by the completion of 9.1 million square feet of new office space during the quarter, the most since the fourth quarter of 2009, according to Reis, which tracks 79 major U.S. office markets.

Loving everything about this office mood board... today I am dreaming of a new office space on my blog so this is perfect timing

«Until you can get corporate and institutional America hiring, get some growth in the economy, companies are not going to need a preponderance of new office space,» says Duke Realty's Connor.

«As a result, much of the new office space that has been built in recent years has involved smaller buildings located on the edge of downtown.

Appleton's West College Avenue near the airport has seen nearly 50,000 sq. ft. of new office space developed within the last year and a half, says Jim Esler, a senior vice president of brokerage at Mooney LeSage for Fox Cities and Green Bay.

As overall office vacancy dropped to 15.6 percent, rents ticked up 3.7 percent to $ 2.78 per sq. ft., from $ 2.72 per sq. ft. the previous year, and nearly 2.3 million sq. ft. of new office space got under construction.

Overall, 129 million sq. ft. of new office space started construction in 2015, according to CoStar.

Though U.S. developers added 39 million square feet of new office space nationwide over the last year, the gains were muted because another 22 million square feet of office space was removed from the market, CoStar Group reports.

The amount of office space absorbed for the year was nearly double the level of new office space added to the market, CoStar notes.

But there are still few choices when it comes to blocks of new office space large enough for a tenant the size of Sidley.

«Rising land prices and limited financing for new multi-tenant office construction means there is little by way of new office space across Miami - Dade,» she notes.

Empty space in foreclosed properties like these should easily add up to more than the scant 350,000 sq. ft. of new office space opening in 2012, according to new construction data from Marcus & Millichap.

In April they completed a floor - to - ceiling renovation of their new office space.

The report, which included Montreal, Ottawa, Toronto, Calgary, Edmonton and Vancouver, says these strong market indicators, coupled with a limited supply of new office space in most markets, will help the office market to weather the current economic slowdown.

While most markets are expected to remain relatively solid, Calgary and Toronto will feel the fallout of the global economic slowdown as these two markets share the same short - term over-supply issues, with several million square feet of new office space completed in 2009 and 2010, says the report.

Office vacancy is expected to increase during the first half of the year, with 1.5 million square feet of new office space set to come online with only 43 percent of that space currently pre-leased.

In the first quarter, only 1.578 million square feet of new office space came online in the United States, fewer square feet than some Manhattan office buildings.

Amazon said in its statement that construction of the new office space would generate funding for job training programs that prepare local residents for technology jobs.

CoStar forecasts a 55 percent spike in construction deliveries, increasing from 58 million sq. ft. of new office space in 2016 to over 90 million sq. ft. this year.

Developers also started 2017 with more than 1.2 million square feet of new office space in the pipeline, with 800,000 square feet delivered last year...

The city has added 38 million square feet of new office space in the past 16 years through new construction and the redevelopment of lower Manhattan, the report said, after losing 13 million square feet on 9/11.

They played up the diversity of New York's workforce across five boroughs and the 24 million square - feet of new office space they say will become available over the next five years.

The deal paves the way for 6.5 million square feet of new office space and tens of millions of dollars in mass transit upgrades, as well as new public plazas and atriums.

Representation of publicly traded multifamily apartment REIT in complex lease transaction involving relocation of client headquarters to 50,000 square feet of new office space.

Between 1945 and 1950, about 30 million square feet of new office space was constructed in the United States, an increase of 14 percent.

With a new Metro Core Jobs & Economic Land Use plan in place, there are now seven new office towers under construction downtown, creating 2.18 - million square feet of new office space.

A Marcus & Millichap 2017 US Office Investment Forecast reported that 82 million sq. ft. of new office space will be delivered nationally in 2017, the peak for new office construction in the current cycle.

Still, Reis projects that some 58 million sq. ft. of new office space will be built this year, a roughly 1 % increase over 2006 and the most office construction since 2002.

Almost 550,000 sq. ft. of new office space was added in the first half of 1998 in eight buildings in the southwest, west and southeast submarkets.

Of the new office space to be delivered over the next two years, more than half will be held on multiple ownership title, whilst the balance is single ownership title.

About 5.1 million sq. ft. of new office space should come on the market in Toronto by 2017, including the $ 200 million, 26 - story Deloitte Tower scheduled to be completed next summer.

While vacancy rates were on the decline over the past year (from 5.60 per cent in the fourth quarter of 2007 to 4.50 per cent in 2008) and rents continued to escalate ($ 21.36 to $ 22.90 per sq. ft. for the same period), softening demand due to weak economic conditions and the expected supply of several million square feet of new office space will pose challenges for some of the prestigious towers in Toronto's financial district during 2009 and 2010.

The social network owed the city a $ 4.5 million fee for affordable housing after it created thousands of square feet of new office space.