Colliers releases space report from trade center disaster.It is very difficult at this time to write a real estate report due to the constantly changing nature of events in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. . There is still much recovery to undertake and therefore no way of knowing the full extent of the situation until that is completed. Psychologically, the impact will be enormous, in addition to the physical damage in lower Manhattan. This brief report by Colliers ABR (1) (AutoBaud Rate detect) The analysis of the first characters of a message to determine its transmission speed and number of start and stop bits. (2) (Available Bit R will seek to describe the number of tenants dislocated dis·lo·cate tr.v. dis·lo·cat·ed, dis·lo·cat·ing, dis·lo·cates 1. To put out of usual or proper place, position, or relationship. 2. , specifically in the World Trade submarket. Finally, available space in the rest of Manhattan and the suburbs will be discussed. Obviously, this is a very unstable situation and will change on a daily basis for the next few weeks. Tenants Affected There are at least 463 tenants that have lost their homes or been displaced in Downtown Manhattan. The figure will surely go much higher when all is said and done. These tenants range from formerly occupying just a few hundred square feet to well over 1 million SF. Some of the more prominent ones (especially within the World Trade Center and World Financial Center) are listed in the chart below. Largest Tenants in World Trade submarket were: * Merrill Lynch, 4 WFC WFC Wi-Fi Connection (Nintendo gaming service) WFC Wide-Field Camera WFC World Financial Center (New York) WFC Workforce Center WFC World Federation of Chiropractic WFC World Food Council , 2 million SF * Deutsche Bank, Bankers Trust, 1,365,000 SF * Bank of New York The Bank of New York, abbrieviated to BNY, was a global financial services company that existed until its merger with the Mellon Financial Corporation on July 2, 2007.[1] The bank now continues under the new name of The Bank of New York Mellon Corporation. , 101 Barclay Street, 1,224,000 SF * SalomonSmithBarney, 7WTC WTC World Trade Center, see there , 1,203,000 SF * Lehman Brothers, 3 WFC, 1,130,000 SF * American Express, 3 WFC, 1,042,000 SF * Morgan Stanley, 2 WTC, 840,000 SF * Merrill Lynch, 2 WFC, 761,000 SF * Deloitte & Touche, 2 WFC, 680,000 SF * CIBC CIBC Canadian Imperial Bank of Commerce CIBC Centres Interinstitutionnels de Bilan de Compétences CIBC Commonwealth Institute of Biological Control (Trinidad) CIBC Commercial International Brokerage Company , 1 WFC, 500,000 SF * Empire Health Choice, 1 WTC, 461,000 SF * Dow Jones & Company, 1 WFC, 396,000 SF * Morgan Stanley, 5 WTC, 325,000 SF * Guy Carpenter, 2 WTC, 320,000 SF * Deutsche Bank, 4 WTC, 274,000 SF * Fiduciary Trust Company, 2 WTC, 245,000 SF * Brown & Wood, 1 WTC, 223,100 SF * Fuji Bank, 2 WTC, 183,000 SF * CSFB CSFB Credit Suisse First Boston CSFB Cyclically Shifted Filter Bank , 5 WTC, 180,000 SF * Commerzbank, 2 WFC, 160,000 SF * NY Board of Trade, 4 WTC, 125,000 SF * Thacher Proffitt & Wood, 2 WTC, 120,000 SF * SEC, 7 WTC, 106,000 SF * Keefe Bruyette & Woods, 2 WTC, 98,000 SF Space Available & Space Already Taken There is obviously an enormous amount of leasing activity occurring as this is written. Many of the large blocks of space that were available in Midtown, Midtown South and Jersey City are spoken for or being eyed carefully by those tenants needing space as of Sept. 14. There was approximately 40.6 million SF available in the 438 million SF Manhattan market at the time of the incident but a great deal of that space is small (1,000-5,000 SF). There were 76 buildings which had 100,000 SF of space and greater available (not all contiguous and not all immediately available) in Manhattan. |
|
||||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion