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-courtesy Colliers Q3 (2013) North American Office Outlook:
CBD - office space u/c (square feet)
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Toronto - 5,703,545
Downtown Manhattan - 5,035,850
Midtown South Manhattan - 4,491,000
San Francisco - 4,155,920
Calgary - 3,938,000
Boston - 2,918,300
DC - 1,894,691
Vancouver - 1,816,253
Seattle - 1,411,000
Montreal - 943,543
Chicago should soon be on that list - there is a 1.2 million sq foot skyscraper that will start construction in a few months and another 1.05 million sq foot one that's about to start the main section of it (they built a big tunnel over some train tracks first but haven't started on the actual building yet) next to the 1.2M sq foot one. Both are completely office buildings.
Chicago should soon be on that list - there is a 1.2 million sq foot skyscraper that will start construction in a few months and another 1.05 million sq foot one that's about to start the main section of it (they built a big tunnel over some train tracks first but haven't started on the actual building yet) next to the 1.2M sq foot one. Both are completely office buildings.
As of Dec. 31, 2013, the Loop had 1,067,400 sq. ft. under construction.
Chicago had 861,000 square feet, not in the top 10.
Quote:
there is a 1.2 million sq foot skyscraper that will start construction in a few months and another 1.05 million sq foot one that's about to start the main section of it (they built a big tunnel over some train tracks first but haven't started on the actual building yet) next to the 1.2M sq foot one. Both are completely office buildings.
"About to start" in Q2 2014 means that it wasn't u/c in Q3 2013. UNDER CONSTRUCTION.
Downtown SFs office market appears to be doing exceptionally well at the moment.
Most of The City's current office construction pipeline already taken:
bizjournals.com/sanfrancisco/blog/real-estate/2014/04/san-francisco-office-construction-pre-leased.html
Chicago had 861,000 square feet, not in the top 10.
"About to start" in Q2 2014 means that it wasn't u/c in Q3 2013. UNDER CONSTRUCTION.
Talk about over analyzing what I said. I said it would be on the list if this list was in a few months. I never said it should be on the list right now.
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