New York at the Top in Building Capacity...

[Agglomeration]

If there is anything that sets New York apart from all the rest, it’s the huge office space capacity that it has. New York and its suburban neighbors would not be such a corporate or cultural or even anything else hot potato if not for its huge-capacity office towers. Neither would it be the premier city of the Eastern US. It’s precisely the massive capacity that give the Goliath that is New York plenty of room for those who want to engage in business, finance, culture, social work, and retail. It’s something we need to further improve upon. And I don’t even have adequate statistics for all those hi-rise hotel rooms or apartments or retail stores.

Office Space at selected Commercial areas by sq. ft. (2001)

Note: The outer boroughs and Rockland County have inadequate statistics.

Midtown: 173.8 million (soon to add 4-5 million more by 2004)
Midtown South: 88.4 million
Downtown (includes WTC): 92.1 million
Total Manhattan: 354.3 million

Brooklyn (Kings County): 9.1 million

Manhattan and Brooklyn: 363.4 million

Nassau County: 24.3 million

Suffolk County: 13.3 million

Westchester County: 33.8 million

Fairfield County: 45.2 million (16.8 million in Stamford)

All of Northern-Central NJ: (includes Hudson, Essex, Union, Bergen, Passaic, Morris, Somerset, Hunterdon, Middlesex, and Monmouth counties) 121.9 million
Hudson County: 17.8 million

Total suburbia: 238.5 million

New York Metro area total: 601.9 million

Other selected metro areas:

Boston:
65.4 million in Boston proper; 17.2 million in Cambridge; 97.5 million in suburbs. 180.1 million total.

Los Angeles:
287.1 million total, 174.8 million in LA County (30.8 million in downtown)

Chicago:
97.1 million in suburbs, 112.5 million in downtown. 209.6 million total.

Washington DC:
90.7 million in DC. 52.3 million in Maryland suburbs. 131.5 million in Virginia suburbs. 274.5 million total.

Houston:
143.9 million (36.1 million in downtown)

(source: CB Richard Ellis: http://www.cbrichardellis.com)

[Fabb]

I thought Chicago had more office space.
Must be the wrong impression produced by the residential buildings.

[Gulcrapek]

Add about 2mil to Brooklyn by the end of 2004, and like 5 mil for Manhattan..

[Fabb]

Not really.
Downtown (includes WTC): 92.1 million



(Edited by Fabb at 11:14 am on Jan. 31, 2003)

[Eugenius]

Do we know how NYC compares to financial centers around the world? (i.e. London, Tokyo, Paris, Hong Kong...)

[billyblancoNYC]

Imagine with the West Side, Bkln (plans to have more than LA) and LIC - this would be nice.

Also, while there is a lot of space, it's there only b/c there is a need. *People do not follow the space, the space follows the people.