Surveys & Studies

SEATTLE, WA—Parking rates in North American central business districts (CBDs) held firm over the past twelve months, according to the Colliers International 10th Annual Parking Rate Survey, despite overall downward pressure on sale prices and leasing rates in other segments of the commercial real estate market.

NEW YORK, NY—Cushman & Wakefield has released second quarter statistics for the Manhattan commercial real estate market that show the vacancy rate declined to 10.8 percent in June from 11.6 percent at the end of March.  

STAMFORD, CT—RHYS Commercial has released its 2Q | 2010 Office Leasing Report, focusing on Fairfield and Westchester Counties.

Economists are celebrating three consecutive quarters of GDP growth as we begin to emerge from the recession. They are hopeful that consumer confidence, and in turn, consumer spending will increase as the general population feels more confident about the economic situation.

NEW YORK, NY—Jones Lang LaSalle’s spring 2010 Skyline Review recorded a dramatic slowdown in the pace of rent decreases for Manhattan’s trophy buildings. In the first six
months of the year, New York’s top-end office buildings saw overall average asking rental rates drop 1.7 percent compared to fall 2009, when the city posted a 17.8 percent decrease in rents in the latter half of 2009. Rents at New York's top-end office buildings fell to $67.58 per square foot in spring 2010 from $68.73 per square foot in fall 2009.

NEW YORK, NY–The Real Estate Board of New York (REBNY) released the Spring 2010 Retail Report and the outlook is promising.  The local retail market has continued to show steady improvement with average asking rents for ground floor retail space in Manhattan’s retail corridors increasing between 2 and 71 percent since fall 2009.

HOUSTON, TX—More than 39 percent of small business owners expect an economic turnaround in 2010, while 44 percent think a rebound will occur in 2011 and 17 percent are unsure, according to the most recent Business Confidence Survey released today by Administaff, a leading provider of human resources services for small and medium-sized businesses.

NEW YORK, NY—The Real Estate Board of New York (REBNY) conducted a poll among its members of the residential brokerage division to get their view of how the housing market is looking on the ground. Results indicate that brokers are reporting a continued uptick in market activity and are supported by the First Quarter Residential Report released by REBNY last week.

NEW YORK, NY—Spring is in the air and so is optimism. Even before the Labor Department reported positive job growth for March, the momentum seemed to have shifted in a positive direction in the first quarter. Optimism is a powerful force in the economy: it tends to follow the law of self-fulfilling prophecies. If enough people think that the worst is over, they will consume more, hire more and generally take on more risk which in turn will fuel growth.

NEW YORK, NY—A new case study provides an unprecedented in-depth look at how the City of New York developed its renowned sustainability plan, PlaNYC, and how this planning process laid the groundwork for New York’s emergence as a leading sustainable city. ICLEI-Local Governments for Sustainability USA developed “The Process Behind PlaNYC” in collaboration with the City of New York’s Mayor’s Office of Long-Term Planning and Sustainability.

NEW YORK, NY—New York City’s climb out of the troubled real estate market depends on the city’s ability to bring back jobs and residents. And with more residents and workers making their way back to New York, city leaders are optimistic about how the commercial real estate market will fare in 2010.