Jan-Sep 2012, Office Space Absorption in US Markets (state, Atlanta, Los Angeles)
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US Office Markets by the number of square footage leased/sold(or vacated in red) during the First 3 quarters of 2012
Market, Net Absorption(total square foot)
Silicon Valley(San Jose) +2,969,100 sq ft
Houston +2,690,000
Atlanta +2,630,500
Dallas +1,831,700
Seattle +1,352,700
San Francisco +1,246,300
Los Angeles +1,217,000
Portland +1,010,000
Philadelphia +864,900
Austin +836,300
Orange County +760,800
Phoenix +736,400
Detroit +715,000
Indianapolis +629,900
Miami +540,300
Charlotte +518,600
San Diego +509,200
Raleigh/ Durham +396,200
Baltimore +379,300
Denver +377,300
Cincinnati +337,400
Oakland/ East Bay +312,000
Richmond +309,400
Jacksonville +272,300
Sacramento +244,700
Westchester County +206,700
Ft Lauderdale +196,100
Columbus +191,500
Pittsburgh +137,800
St Louis +106,400
West Palm Beach +68,100
Boston +21,200 Hampton Roads -25,400 Tampa -28,600 New York -34,800 Orlando -35,300 Fairfield County -185,000 San Francisco Peninsula -174,700 Cleveland -205,500 New Jersey -214,300 San Antonio -256,300 Minneapolis -454,000 Chicago -559,500 Washington DC -2,899,300
D.C.'s drop is interesting. Is it still the most expensive office space in the U.S. or has that dropped as well?
Not so much.
Average Office Asking Rent Per Sq Ft, Jan-Sep 2013
New York $58.40
San Francisco $50.36
San Francisco Peninsula $41.14
Washington DC $35.51
Silicon Valley(San Jose) $34.83
Fairfield County $32.50
Miami $31.33
Los Angeles $31.23
Boston $30.30
Seattle $27.97
West Palm Beach $27.40
Houston $27.38
Chicago $27.14
Austin $27.02
Ft Lauderdale $26.90
Oakland/East Bay $26.09
San Diego $25.56
Westchester County $25.50
Philadelphia $23.90
New Jersey $23.82
Minneapolis $23.63
Orange County $22.74
Baltimore $22.35
Denver $22.15
Sacramento $21.53
Pittsburg $21.39
Portland $21.04
Tampa $21.02
Charlotte $20.99
Dallas $20.76
Orlando $20.25
Phoenix $20.52
San Antonio $20.02
Raleigh-Durham $19.72
St Louis $19.50
Cincinnati $19.43
Cleveland $19.00
Detroit $18.52
Hampton Roads $18.38
Richmond $18.24
Columbus $17.59
Jacksonville $17.45
Indianapolis $16.79
Average Office Asking Rent Per Sq Ft, Jan-Sep 2013
New York $58.40
San Francisco $50.36
San Francisco Peninsula $41.14
Washington DC $35.51
Silicon Valley(San Jose) $34.83
Fairfield County $32.50
Miami $31.33
Los Angeles $31.23
Boston $30.30
Seattle $27.97
West Palm Beach $27.40
Houston $27.38
Chicago $27.14
Austin $27.02
Ft Lauderdale $26.90
Oakland/East Bay $26.09
San Diego $25.56
Westchester County $25.50
Philadelphia $23.90
New Jersey $23.82
Minneapolis $23.63
Orange County $22.74
Baltimore $22.35
Denver $22.15
Sacramento $21.53
Pittsburg $21.39
Portland $21.04
Tampa $21.02
Charlotte $20.99
Dallas $20.76
Orlando $20.25
Phoenix $20.52
San Antonio $20.02
Raleigh-Durham $19.72
St Louis $19.50
Cincinnati $19.43
Cleveland $19.00
Detroit $18.52
Hampton Roads $18.38
Richmond $18.24
Columbus $17.59
Jacksonville $17.45
Indianapolis $16.79
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