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this o.p. is inconsistent. it is comparing a metro region with a municipality with a district of a municipality ?
Yes I stated this in the first post. I am assuming that Boston is Boston and immediate surroundings but I'm not sure.
So I looked up Boston on Yardi Matrix, and based on this pdf, it looks like a huge part of their urban and suburban core is included if this is also their area for office reports.
There is actually a new February 2022 report out from Yardi Matrix with new numbers shown below
Office Stock Currently Under Construction - Jan. 2022 -
Market --------------- By Square Feet
Manhattan ------------- 19,171,105
Boston ----------------- 12,239,185
Austin ------------------ 9,061,827
Bay Area --------------- 7,069,995
San Francisco ---------- 6,032,853
Seattle ------------------ 5,967,187
Dallas ------------------- 5,817,807
Miami ------------------- 5,622,982
Nashville ---------------- 4,583,835
Washington DC --------- 4,532,073
Los Angeles ------------- 4,438,632
Chicago ----------------- 4,425,098
San Diego --------------- 3,993,580
Houston ----------------- 3,743,969
Atlanta ------------------ 3,236,087
Phoenix ------------------ 2,361,302
Portland ------------------ 2,320,285
Charlotte ----------------- 2,292,788
Brooklyn ----------------- 2,136,322
Tampa -------------------- 1,536,660
Orlando ------------------ 1,346,337
Denver ------------------- 1,259,923
New Jersey --------------- 994,635
Twin Cities ---------------- 670,819
.
Not to dispute this because you might have compiled this list yourself, but the greater center city area of Philadelphia has well over a million sq ft of office space under construction none the less the whole city or region.
Not to dispute this because you might have compiled this list yourself, but the greater center city area of Philadelphia has well over a million sq ft of office space under construction none the less the whole city or region.
Damn can't believe I did that my bad Philadelphia had 2,779,103. It won't happen again guys.
Damn can't believe I did that my bad Philadelphia had 2,779,103. It won't happen again guys.
I only point it out because often in the philadelphia related threads on the city vs. city, responses end up being like 'well Philly is old and xyz has a lot more going on'. Which is true compared to the super star cities, but we hold our own. Especially when you start narrowing the numbers down to a sq ft per mile basis. Take that Phoenix! Philly is still the true 5th largest city!
CoStar has Philadelphia at 2,360,834 sf of office construction underway as of today. Their subarea is different from others' of course. For example Trenton is separate, not that they're building anything.
My CoStar subscription just went full US/Can. Look out folks.
this o.p. is inconsistent. its comparing a metro region with a municipality with a district of a municipality ?
Quote:
Originally Posted by 18Montclair
2021 was not a very good year for Manhattan but it's price per sq ft was still double that of the next market--SF was also a bit off from previous years.
Yardi Matrix: Office Sales Price Per Sq Ft, 2021
Manhattan $1,253
Brooklyn $661
San Francisco $656
Seattle $572
Bay Area $516
San Diego $455
Austin $441
Los Angeles $426
Boston $404
Charlotte $358
Miami $295 Washington DC $287
Nashville $259
Dallas $245
Phoenix $236
Portland $226
Atlanta $216
Chicago $184
Philadelphia $177
Tampa $177
Houston $172
New Jersey $169
Orlando $159
Twin Cities $153
I hope this number continues to fall a bit more to make residential conversions in downtown DC even more valuable. Another $30 would explode the residential conversion market downtown. There are a lot of conversions happening, but another $30 drop would really be the push office owners need.
Don't worry, nobody here thinks Phoenix is the #5 city.
The Phoenicians do.
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Philadelphia had 2,779,103. It won't happen again guys.
