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Mid Year 2001 Downtown Office Survey
| Vacancy Rate/Sublease Changes | ||||
| Increase in Sublease Space | ||||
| Vacancy Dec 00 (%) | Vacancy Jun 01 (%) | Sq. Ft. (000s) | % Change | |
| Atlanta | 5.5 | 6.0 | 175.7 | 41.6 |
| Boston | 1.9 | 6.1 | 1,352.7 | 651.0 |
| Chicago | 11.6 | 13.2 | 1,370.8 | 76.6 |
| Dallas | 26.1 | 26.7 | 318.1 | 54.5 |
| Denver | 7.0 | 9.6 | 529.8 | 146.3 |
| Houston | 9.7 | 9.5 | 110.3 | 14.1 |
| Los Angeles | 22.5 | 22.0 | 499.3 | 36.2 |
| NY Downtown | 4.4 | 8.2 | 880.5 | 200.0 |
| NY Midtown | 4.9 | 9.1 | 2,722.3 | 258.8 |
| NY Midtown S. | 5.1 | 10.4 | 803.4 | 172.7 |
| Philadelphia | 7.7 | 9.9 | 122.2 | 15.2 |
| San Francisco | 3.5 | 11.7 | 2,738.4 | 420.4 |
| San Jose | 1.2 | 4.0 | 29.9 | 588.5 |
| Seattle | 3.5 | 10.7 | 1,226.6 | 285.0 |
| St. Louis | 12.2 | 11.9 | 22.0 | 2.0 |
| Toronto | 3.8 | 5.4 | 259.4 | 63.2 |
| Washington, DC | 4.2 | 4.1 | 682.8 | 81.0 |
| TOTAL | 13,844 | 182.8 | ||
SOURCE: Colliers International
| New Space/Class A Rents (First Half 2001) | |||
| 1st Half 2001 N/S* | Average Top-Tier Rent** | % Change in rents*** | |
| Atlanta | 0.0 | $21.68 | -7.7 |
| Boston | 815.0 | 64.25 | -13.0 |
| Chicago | 0.0 | 40.50 | 12.5 |
| Dallas | 0.0 | 25.20 | 2.8 |
| Denver | 185.0 | 27.62 | 0.0 |
| Houston | 0.0 | 23.17 | 4.7 |
| Los Angeles | 74.0 | 26.30 | 7.2 |
| NY Downtown | 0.0 | 44.41 | -3.9 |
| NY Midtown | 0.0 | 65.29 | -0.2 |
| NY Midtown S. | 0.0 | 48.58 | -1.4 |
| Philadelphia | 526.7 | 26.11 | 0.8 |
| San Francisco | 2,027.1 | 66.78 | -17.2 |
| San Jose | 0.0 | 66.60 | -7.5 |
| Seattle | 1,009.3 | 38.00 | -10.0 |
| St. Louis | 0.0 | 20.00 | 0.0 |
| Toronto | 559.2 | 33.07 | 0.0 |
| Washington, DC | 1,218.8 | 49.00 | 0.0 |
| TOTAL | 6,415 | 40.39 | -1.9 |
*New construction of office space (in thousands of square feet). Also includes space converted to this use.
**Per square foot per month.
***Dec. 31, 2000 through June 30, 2001
SOURCE: Colliers International
