 |
|
|
U.S.
Rental Rates
|
National
Office Market Overview – 2004
|
|
MARKET
|
TOTAL
SQUARE FEET
|
VACANCY
RATES
|
AVAILABLE
SPACE
|
AVERAGE
RENTS (Full Service)
|
|
Atlanta
|
125M
|
20.1%
|
25M
|
$21.20
|
|
Baltimore
|
55M
|
13.7%
|
7.5M
|
$19.25
|
|
Boston
|
215M
|
14.1%
|
30.M
|
$31.50
|
|
Chicago
|
298M
|
13.8%
|
41M
|
$22.50
|
|
Connecticut
|
46M
|
18.0%
|
8.5M
|
$28.00
|
|
Dallas
|
203M
|
25.0%
|
50M
|
$19.00
|
|
Denver
|
135M
|
18.4%
|
24.7M
|
$19.38
|
|
Houston
|
193M
|
17.0%
|
32M
|
$18.00
|
|
Long
Island
|
47M
|
11.0%
|
5M
|
$23.00
|
|
Los
Angeles
|
167M
|
20.0%
|
33M
|
$26.50
|
|
Manhattan
|
400M
|
14.0%
|
56M
|
$45.00
|
|
Miami
|
46M
|
16.0%
|
7.5M
|
$23.50
|
|
New
Jersey
|
265M
|
13.9%
|
46M
|
$19.88
|
|
Orlando
|
28M
|
18.0%
|
5M
|
$20.00
|
|
Philadelphia
|
115M
|
18.0%
|
21M
|
$24.50
|
|
Phoenix
|
63M
|
22.0%
|
14M
|
$20.00
|
|
Pittsburgh
|
17M
|
18.0%
|
8M
|
$17.00
|
|
Portland
|
34M
|
17.0%
|
6M
|
$21.00
|
|
San
Diego
|
52M
|
18.0%
|
7M
|
$28.00
|
|
San
Francisco
|
79M
|
20.0%
|
16M
|
$22.00
|
|
Seattle
|
97M
|
16.0%
|
16M
|
$22.00
|
|
Silicon
Valley
|
48M
|
20.0%
|
9.6M
|
$33.50
|
|
St Louis
|
78M
|
14.0%
|
11M
|
$17.50
|
|
Tampa
|
38.5M
|
22.0%
|
8.5M
|
$19.00
|
|
Washington.
D.C.
|
107M
|
6.0%
|
6M
|
$39.00
|
|
Westchester
|
33M
|
16.0%
|
5.5M
|
$25.30
|
|
West
Palm Beach
|
5.5M
|
16.7%
|
1M
|
$17.00
|
|
