Businessweek Archives

Table: A Brighter Real Estate Picture


Finance: REAL ESTATE

TABLE: A Brighter Real Estate Picture

Vacancy rates in seven downtown office markets

ATLANTA

1991 1994 1995

21.4% 22.6% 17.3%

Strong job creation is spurring developers to build without pre-leasing space.

BOSTON

1991 1994 1995

17.3% 13.4% 11.1%

Landlord concessions to office tenants are dwindling as rental rates rise.

CHICAGO

1991 1994 1995

22.8% 19.5% 17.8%

Suburban office markets are strengthening faster than downtown Chicago.

DALLAS

1991 1994 1995

29.6% 33.5% 37.2%

Massive overbuilding and quality of life issues plague the downtown area.

DENVER

1991 1994 1995

21.1% 16.4% 15%

Fast-improving region is benefiting from migration out of California.

LOS ANGELES

1991 1994 1995

22.6% 24.7% 23%

Downtown LA remains in the dumps, but some submarkets are improving.

NEW YORK

1991 1994 1995

17.2% 15.1% 13.1%

Big blocks of prime office space are hard to find.

DATA: BW, CUSHMAN & WAKEFIELD INC.


Steve Ballmer, Power Forward
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus