Citi Habitats' 4th Quarter 2009 rental market report shows:
- Rental prices were nominally lower than the 3rd Quarter of 2009, averaging a decrease of about 1-3% across unit types.
- Vacancy rates increased only marginally from the 3rd Quarter.
- Over 12,900 rental transactions were completed in 2009, a 23% increase over 2008.
- Rental prices in 2009 averaged about 7% lower than 2008 levels due to market corrections, though landlord concessions would make the decreases greater.
- Nearly 3,700 new rental units entered the Manhattan market south of 96th Street in 2009 and saw strong absorption.
This document summarizes the state of the Miami-Dade office market in 2010 and provides a forecast for 2011. It discusses trends such as tenants moving to higher quality buildings while still being able to negotiate good lease terms. Large tenants made significant moves in 2010, increasing available sublease space. The forecast predicts continued flight to quality and slow economic recovery allowing small expansions. The document also provides statistics on vacancy rates, absorption, lease rates, and construction in different submarkets. It highlights some of the largest lease deals in 2010 and a featured property for lease.
The document summarizes the state of the Miami-Dade office market in the first quarter of 2011. Key points include:
- The market is stabilizing after a period of decline, though vacancy rates remain high, especially for class A and B space.
- Unemployment is declining but still higher than the national average.
- Recent large lease deals are noted, with the largest being 32,000 SF for FIU in Brickell.
- Upcoming port expansion projects are expected to boost trade and create thousands of new jobs in Miami.
The Miami office market saw a slight decline in vacancy in the second quarter of 2011, positive net absorption, and office sales surpassing 2010 figures. Leasing activity was stable with over 700,000 square feet signed in the quarter. Unemployment in Miami-Dade County increased to 13.7%, the highest in South Florida. Three new office buildings totaling 832,000 square feet are under construction and expected to be delivered by the end of the year.
SMITH-TRG Insight, Proactive CRE Value Creation Strategies, by Richard D Smit...richarddsmith
Richard D Smith briefs Commercial REITs (with non or underperforming assets) on how to create new sources of sustainable value with Hidden Asset Value Solutions (HAVS) a proprietary SMITH-TRG service. Presentation is a collateral piece for reading, not presenting.
http://www.SMITH-TRG.com
The document discusses how Tasca Ford used search engine marketing (SEM) platforms like Google AdWords to target local customers and drive more traffic to their website. It notes that SEM platforms are becoming more important for dealerships to reach customers as search platforms grow more complex. The dealer was able to corner their local market by leveraging advanced SEM strategies to capitalize on emerging online advertising trends.
The document outlines Egypt's Green ICT strategy, which aims to contribute to national sustainable development, reduce environmental effects of ICT usage, and exploit ICT's potential to address climate change. The strategy's work pillars include raising community awareness, sustainable e-waste management, green procurement, and using ICT for climate change adaptation and mitigation. Key activities include workshops on green topics, developing guidance documents, pilot projects to promote energy efficiency and LEED building standards, and international cooperation on ICT and climate research. The strategy seeks to establish green ICT policies, build stakeholder engagement, and maximize adoption of green ICT practices across Egypt.
This document summarizes the state of the Miami-Dade office market in 2010 and provides a forecast for 2011. It discusses trends such as tenants moving to higher quality buildings while still being able to negotiate good lease terms. Large tenants made significant moves in 2010, increasing available sublease space. The forecast predicts continued flight to quality and slow economic recovery allowing small expansions. The document also provides statistics on vacancy rates, absorption, lease rates, and construction in different submarkets. It highlights some of the largest lease deals in 2010 and a featured property for lease.
The document summarizes the state of the Miami-Dade office market in the first quarter of 2011. Key points include:
- The market is stabilizing after a period of decline, though vacancy rates remain high, especially for class A and B space.
- Unemployment is declining but still higher than the national average.
- Recent large lease deals are noted, with the largest being 32,000 SF for FIU in Brickell.
- Upcoming port expansion projects are expected to boost trade and create thousands of new jobs in Miami.
The Miami office market saw a slight decline in vacancy in the second quarter of 2011, positive net absorption, and office sales surpassing 2010 figures. Leasing activity was stable with over 700,000 square feet signed in the quarter. Unemployment in Miami-Dade County increased to 13.7%, the highest in South Florida. Three new office buildings totaling 832,000 square feet are under construction and expected to be delivered by the end of the year.
SMITH-TRG Insight, Proactive CRE Value Creation Strategies, by Richard D Smit...richarddsmith
Richard D Smith briefs Commercial REITs (with non or underperforming assets) on how to create new sources of sustainable value with Hidden Asset Value Solutions (HAVS) a proprietary SMITH-TRG service. Presentation is a collateral piece for reading, not presenting.
http://www.SMITH-TRG.com
The document discusses how Tasca Ford used search engine marketing (SEM) platforms like Google AdWords to target local customers and drive more traffic to their website. It notes that SEM platforms are becoming more important for dealerships to reach customers as search platforms grow more complex. The dealer was able to corner their local market by leveraging advanced SEM strategies to capitalize on emerging online advertising trends.
The document outlines Egypt's Green ICT strategy, which aims to contribute to national sustainable development, reduce environmental effects of ICT usage, and exploit ICT's potential to address climate change. The strategy's work pillars include raising community awareness, sustainable e-waste management, green procurement, and using ICT for climate change adaptation and mitigation. Key activities include workshops on green topics, developing guidance documents, pilot projects to promote energy efficiency and LEED building standards, and international cooperation on ICT and climate research. The strategy seeks to establish green ICT policies, build stakeholder engagement, and maximize adoption of green ICT practices across Egypt.
This document provides tips for creating widescreen presentations in PowerPoint that take advantage of laptops, televisions, and projectors with widescreen displays. It notes that widescreen slides allow side-by-side materials to fit more naturally and add drama to graphics and images. Even if the presenter does not have a widescreen display, PowerPoint will automatically resize slides to fit any screen in slide show mode.
Going green through ict dr zakareya al khaja- e ga-v0 1Greenology
The document discusses Bahrain's national e-government strategy and green IT initiatives. It outlines the vision and strategic objectives of the 2016 e-government strategy. It then describes the key elements of the green IT strategy, including greening IT operations and facilities, using IT to enable green practices across government, and establishing green IT governance. The document concludes with two case studies, one on an integrated workflow management system and another on developing a comprehensive return on investment model for green IT projects.
The document discusses the history and development of several technologies:
The iPod revolutionized the music industry by providing a small, portable digital music player with an intuitive interface. The iPad succeeded by filling the gap between laptops and smartphones, exceeding sales expectations.
High definition television transitioned from early blurry black and white images to stunning quality over 80 years, with the US transitioning from analog to digital broadcasts by 2006. Digital converters allowed older TVs to receive digital signals but not display high definition.
The document concludes with facts about the prevalence of technologies like computers, TVs, cell phones, social media, and the impact of spam and online videos.
This document provides rental listings and information for Manhattan neighborhoods. It includes summaries of available rental properties in Sutton Place, Chelsea, Murray Hill, the Upper East Side, and SoHo. Details on each property include number of bedrooms and bathrooms, square footage, monthly rent, and contact information for brokers. The publication also provides an overview of the Manhattan rental market and Citi Habitats services.
The document outlines a roadmap for implementing green IT practices. It discusses establishing a baseline of current energy usage and emissions. It then recommends short-term initiatives like power management and virtualization to reduce energy costs. Long-term, it suggests a strategic sustainability plan involving stakeholders to transition the organization to more eco-friendly IT through initiatives like green procurement, equipment refurbishing, and responsible e-waste recycling. The roadmap provides a framework for organizations to systematically improve their environmental performance through innovative technology solutions.
This document provides instructions for a racing game of knowledge where teams answer questions and move their car closer to the finish line for correct answers. Teams are divided into colors and must get 5 correct answers total by clicking their color button to advance their car towards the finish line and win the race.
This document provides instructions for a lesson on the human body. It lists 15 activities for students to complete, including naming body parts, describing people, saying what medical issues others have, writing sentences, and answering questions about a conversation on health. The conversation is included and is about two characters discussing one character's weight and possible flu. Accompanying the conversation are questions to answer and a table with body parts and their labels.
The document outlines an integrative strategy for WTC's profit sharing negotiation with POP for performing Oceania. Key points include:
- WTC aims to get a 70/30 profit split on weekends and 60/40 split on weekdays, with 9 total performances - 5 on weekdays and 2 each on weekends.
- POP assumes higher revenues on weekends and has proposed a 50/50 profit split.
- WTC's targets for profit sharing, salaries, number of performances and expense responsibilities are outlined versus POP's positions.
- WTC will negotiate for POP to cover hotel/food bills, agree to POP's proposed crew salary, and get POP to agree to the 9 performance schedule with 70/30 and 60
The document summarizes information about green economies and e-waste management in the Arab region. It discusses how current consumption rates are unsustainable and will require two planets by 2050. It then provides UNEP's definition of a green economy as an economic system that improves human well-being over the long term without significant environmental risks. The document also notes challenges with e-waste volumes and hazardous materials, and outlines opportunities for job creation through e-waste recycling and reduction of environmental impacts. It concludes that the Arab region needs long-term environmental strategies, strong environmental agencies, clear policies and legislation, and more research and education around environmental issues.
Spear Ink has developed a solution to reduce e-waste from used ink and toner cartridges. [1] They have established a refilling and recycling process that reuses components from used cartridges rather than sending them to landfills. [2] This helps reduce carbon emissions and waste. [3] Their goal is to make cartridge recycling a competitive green industry that significantly impacts the environment.
Financial and corporate aspects with recycling v greener ictGreenology
This document discusses green ICT lifecycles and electronic waste management. It provides statistics on ICT spending and equipment sales in Bahrain. It discusses factors that influence ICT equipment lifespan like brand, quality, warranty periods and software updates. The benefits of asset management systems and refresh periods are outlined. Options for ICT equipment disposal are explored, including challenges with electronic waste. The document proposes innovative approaches like a 50:50 employee scheme and replacing costs with benefits to achieve more sustainable ICT lifecycles and environments.
Barcelona will host the 17th Edition of the Annual Global Conference of Reputation Institute. It will take place at the Hotel Arts from June 5th to 7th. This time discussions and talks will be focused on organizational changes that companies should carry out to successfully conclude their reputational journey and fully incorporate reputation management to corporate strategy definition. The Reputation Institute Conference is the annual global reference point for professionals and academia interested in both knowledge and management of reputation.
More than a hundred of speakers from many different international companies and universities have confirmed their participation to Barcelona.
Corporate Excellence – Centre for Reputation Leadership is the official sponsor of the 17th Annual Global Conference of Reputation Institute.
It takes a long time to build up a good reputation but only an instant to destroy it. This may be because it is based on trust, which is very fragile and ephemeral, requiring care and attention. Integrity and compliance, regarding both pledges and standards, play an increasingly greater part in its appraisal and perception
In November 2006, the lid was lifted on arguably the biggest scandal involving a multinational corporation prior to the financial crisis and the Lehman Brothers case. An investigation that month revealed that a significant number of senior executives working for the German technology firm Siemens in several countries throughout the world had for years been paying illegal commissions to public servants in exchange for their support in the negotiation of multimillion-dollar contracts.
This document has been prepared by Corporate Excellence – Centre for Reputation Leadership. It has cited, from among other sources, the speech by José Aurelio Pérez, Head of Compliance at Siemens in Spain, delivered at the symposium organised by Dircomen Madrid on 19 June 2012.
The document discusses Green IT initiatives, readiness, and capability maturity levels at the University of Bahrain. It aims to investigate the current Green IT situation by identifying initiatives, readiness, and maturity levels. The introduction provides background on Green IT and its importance. It describes some Green IT initiatives already in place at the university as well as benefits of adopting Green IT. The document then examines indicators of Green IT initiatives, the Green IT readiness framework, current initiatives and practices at the university, and develops a Green IT adoption model.
The document discusses green ICT strategies for the Kingdom of Bahrain. It begins by outlining the environmental impacts of ICT and how ICT can both contribute to carbon emissions but also help reduce emissions in other sectors. The document then provides statistics on carbon emissions in Bahrain and other Gulf countries. Finally, it proposes a green ICT strategy for Bahrain, including the vision to be a pioneer in green ICT, goals around adoption and investment, strategic dimensions such as legislation and roles of public/private sectors, and strategic axes around devices, waste management, costs, consumption, research, and awareness.
Crash Coogan, nicknamed for his football skills, reluctantly befriends his new neighbor Penn Webb over the summer. When school starts, Crash hangs out more with his friend Mike, who bullies Penn for being a Quaker. As the story continues, it remains to be seen whether Crash will stand up for Penn or go along with Mike's bullying of the friendless new boy.
O documento discute as considerações sobre o ato de ler. Aprender a ler envolve a interação entre o texto e os conhecimentos do leitor, e é diferente de conversar onde há mais elementos como gestos e entonação. A leitura também envolve relações interpessoais e conhecimentos de diferentes áreas, e aprendemos a ler através da prática da leitura e da vivência.
The document discusses the importance of aligning a company's corporate social responsibility (CSR) efforts with its core mission, vision and values. It argues that CSR should be integrated into all aspects of the company's identity and culture. An effective CSR strategy requires a specific CSR statement as well as incorporating CSR into the overall corporate mission statement. The mission statement should clearly define the company's internal purpose and its external contributions to stakeholders and society. It also examines how companies like Southwest Airlines and Starbucks have successfully aligned their CSR efforts with their mission and values.
Research on Operations of Social Enterprises in Malaysia.
To learn more about social enterprise scene in Malaysia, feel free to visit: socialenterprise.org.my
By Soon Aik
The document discusses how the real estate industry has changed over the past decade and is expected to change in the future. It summarizes that in the past decade, real estate became a global asset class but the industry faced challenges from the 2008 recession. However, an even bigger change was recognizing real estate's role in addressing challenges like climate change and urbanization. This led to a focus on developing sustainable, "liveable" cities that improve quality of life through integrated transportation, infrastructure, business and community spaces. The industry is now focused on developing mixed-use, human-scale communities rather than just maximizing profits.
This document provides tips for creating widescreen presentations in PowerPoint that take advantage of laptops, televisions, and projectors with widescreen displays. It notes that widescreen slides allow side-by-side materials to fit more naturally and add drama to graphics and images. Even if the presenter does not have a widescreen display, PowerPoint will automatically resize slides to fit any screen in slide show mode.
Going green through ict dr zakareya al khaja- e ga-v0 1Greenology
The document discusses Bahrain's national e-government strategy and green IT initiatives. It outlines the vision and strategic objectives of the 2016 e-government strategy. It then describes the key elements of the green IT strategy, including greening IT operations and facilities, using IT to enable green practices across government, and establishing green IT governance. The document concludes with two case studies, one on an integrated workflow management system and another on developing a comprehensive return on investment model for green IT projects.
The document discusses the history and development of several technologies:
The iPod revolutionized the music industry by providing a small, portable digital music player with an intuitive interface. The iPad succeeded by filling the gap between laptops and smartphones, exceeding sales expectations.
High definition television transitioned from early blurry black and white images to stunning quality over 80 years, with the US transitioning from analog to digital broadcasts by 2006. Digital converters allowed older TVs to receive digital signals but not display high definition.
The document concludes with facts about the prevalence of technologies like computers, TVs, cell phones, social media, and the impact of spam and online videos.
This document provides rental listings and information for Manhattan neighborhoods. It includes summaries of available rental properties in Sutton Place, Chelsea, Murray Hill, the Upper East Side, and SoHo. Details on each property include number of bedrooms and bathrooms, square footage, monthly rent, and contact information for brokers. The publication also provides an overview of the Manhattan rental market and Citi Habitats services.
The document outlines a roadmap for implementing green IT practices. It discusses establishing a baseline of current energy usage and emissions. It then recommends short-term initiatives like power management and virtualization to reduce energy costs. Long-term, it suggests a strategic sustainability plan involving stakeholders to transition the organization to more eco-friendly IT through initiatives like green procurement, equipment refurbishing, and responsible e-waste recycling. The roadmap provides a framework for organizations to systematically improve their environmental performance through innovative technology solutions.
This document provides instructions for a racing game of knowledge where teams answer questions and move their car closer to the finish line for correct answers. Teams are divided into colors and must get 5 correct answers total by clicking their color button to advance their car towards the finish line and win the race.
This document provides instructions for a lesson on the human body. It lists 15 activities for students to complete, including naming body parts, describing people, saying what medical issues others have, writing sentences, and answering questions about a conversation on health. The conversation is included and is about two characters discussing one character's weight and possible flu. Accompanying the conversation are questions to answer and a table with body parts and their labels.
The document outlines an integrative strategy for WTC's profit sharing negotiation with POP for performing Oceania. Key points include:
- WTC aims to get a 70/30 profit split on weekends and 60/40 split on weekdays, with 9 total performances - 5 on weekdays and 2 each on weekends.
- POP assumes higher revenues on weekends and has proposed a 50/50 profit split.
- WTC's targets for profit sharing, salaries, number of performances and expense responsibilities are outlined versus POP's positions.
- WTC will negotiate for POP to cover hotel/food bills, agree to POP's proposed crew salary, and get POP to agree to the 9 performance schedule with 70/30 and 60
The document summarizes information about green economies and e-waste management in the Arab region. It discusses how current consumption rates are unsustainable and will require two planets by 2050. It then provides UNEP's definition of a green economy as an economic system that improves human well-being over the long term without significant environmental risks. The document also notes challenges with e-waste volumes and hazardous materials, and outlines opportunities for job creation through e-waste recycling and reduction of environmental impacts. It concludes that the Arab region needs long-term environmental strategies, strong environmental agencies, clear policies and legislation, and more research and education around environmental issues.
Spear Ink has developed a solution to reduce e-waste from used ink and toner cartridges. [1] They have established a refilling and recycling process that reuses components from used cartridges rather than sending them to landfills. [2] This helps reduce carbon emissions and waste. [3] Their goal is to make cartridge recycling a competitive green industry that significantly impacts the environment.
Financial and corporate aspects with recycling v greener ictGreenology
This document discusses green ICT lifecycles and electronic waste management. It provides statistics on ICT spending and equipment sales in Bahrain. It discusses factors that influence ICT equipment lifespan like brand, quality, warranty periods and software updates. The benefits of asset management systems and refresh periods are outlined. Options for ICT equipment disposal are explored, including challenges with electronic waste. The document proposes innovative approaches like a 50:50 employee scheme and replacing costs with benefits to achieve more sustainable ICT lifecycles and environments.
Barcelona will host the 17th Edition of the Annual Global Conference of Reputation Institute. It will take place at the Hotel Arts from June 5th to 7th. This time discussions and talks will be focused on organizational changes that companies should carry out to successfully conclude their reputational journey and fully incorporate reputation management to corporate strategy definition. The Reputation Institute Conference is the annual global reference point for professionals and academia interested in both knowledge and management of reputation.
More than a hundred of speakers from many different international companies and universities have confirmed their participation to Barcelona.
Corporate Excellence – Centre for Reputation Leadership is the official sponsor of the 17th Annual Global Conference of Reputation Institute.
It takes a long time to build up a good reputation but only an instant to destroy it. This may be because it is based on trust, which is very fragile and ephemeral, requiring care and attention. Integrity and compliance, regarding both pledges and standards, play an increasingly greater part in its appraisal and perception
In November 2006, the lid was lifted on arguably the biggest scandal involving a multinational corporation prior to the financial crisis and the Lehman Brothers case. An investigation that month revealed that a significant number of senior executives working for the German technology firm Siemens in several countries throughout the world had for years been paying illegal commissions to public servants in exchange for their support in the negotiation of multimillion-dollar contracts.
This document has been prepared by Corporate Excellence – Centre for Reputation Leadership. It has cited, from among other sources, the speech by José Aurelio Pérez, Head of Compliance at Siemens in Spain, delivered at the symposium organised by Dircomen Madrid on 19 June 2012.
The document discusses Green IT initiatives, readiness, and capability maturity levels at the University of Bahrain. It aims to investigate the current Green IT situation by identifying initiatives, readiness, and maturity levels. The introduction provides background on Green IT and its importance. It describes some Green IT initiatives already in place at the university as well as benefits of adopting Green IT. The document then examines indicators of Green IT initiatives, the Green IT readiness framework, current initiatives and practices at the university, and develops a Green IT adoption model.
The document discusses green ICT strategies for the Kingdom of Bahrain. It begins by outlining the environmental impacts of ICT and how ICT can both contribute to carbon emissions but also help reduce emissions in other sectors. The document then provides statistics on carbon emissions in Bahrain and other Gulf countries. Finally, it proposes a green ICT strategy for Bahrain, including the vision to be a pioneer in green ICT, goals around adoption and investment, strategic dimensions such as legislation and roles of public/private sectors, and strategic axes around devices, waste management, costs, consumption, research, and awareness.
Crash Coogan, nicknamed for his football skills, reluctantly befriends his new neighbor Penn Webb over the summer. When school starts, Crash hangs out more with his friend Mike, who bullies Penn for being a Quaker. As the story continues, it remains to be seen whether Crash will stand up for Penn or go along with Mike's bullying of the friendless new boy.
O documento discute as considerações sobre o ato de ler. Aprender a ler envolve a interação entre o texto e os conhecimentos do leitor, e é diferente de conversar onde há mais elementos como gestos e entonação. A leitura também envolve relações interpessoais e conhecimentos de diferentes áreas, e aprendemos a ler através da prática da leitura e da vivência.
The document discusses the importance of aligning a company's corporate social responsibility (CSR) efforts with its core mission, vision and values. It argues that CSR should be integrated into all aspects of the company's identity and culture. An effective CSR strategy requires a specific CSR statement as well as incorporating CSR into the overall corporate mission statement. The mission statement should clearly define the company's internal purpose and its external contributions to stakeholders and society. It also examines how companies like Southwest Airlines and Starbucks have successfully aligned their CSR efforts with their mission and values.
Research on Operations of Social Enterprises in Malaysia.
To learn more about social enterprise scene in Malaysia, feel free to visit: socialenterprise.org.my
By Soon Aik
The document discusses how the real estate industry has changed over the past decade and is expected to change in the future. It summarizes that in the past decade, real estate became a global asset class but the industry faced challenges from the 2008 recession. However, an even bigger change was recognizing real estate's role in addressing challenges like climate change and urbanization. This led to a focus on developing sustainable, "liveable" cities that improve quality of life through integrated transportation, infrastructure, business and community spaces. The industry is now focused on developing mixed-use, human-scale communities rather than just maximizing profits.
The document summarizes several projects completed by Workplace Creations in late 2009 and early 2010, including:
1) Relocating Hardy Underwriting Group to new offices in London, designing zones to support formal and informal interactions.
2) Winning a contract to develop new offices and drop-in facilities for MAXIMUS Employment across Surrey, Sussex and Kent.
3) Completing projects such as designing Lee Lanes Solicitors' offices, refurbishing Towers Watson offices in Ireland and London, and relocating Avantage Capita offices.
The document summarizes several projects completed by Workplace Creations in late 2009 and early 2010, including:
1) Relocating Hardy Underwriting Group to new offices in London, designing zones to support formal and informal interactions.
2) Winning a contract to develop new offices and drop-in facilities for MAXIMUS Employment across Surrey, Sussex and Kent.
3) Completing projects such as designing Lee Lanes Solicitors offices, refurbishing Towers Watson offices in Ireland and London, and relocating Avantage Capita offices.
The document summarizes the current Melbourne office leasing market as very favorable for tenants, with record high incentives of 25-30% being offered to retain existing tenants or attract new ones. It notes vacancy rates have remained stable in recent years but this tenant-friendly market is vulnerable to a shift if business confidence increases. The document also provides examples of projects Tenancy Solutions Australia has recently worked on, securing better lease terms for existing clients through renegotiations or advising on office relocations.
Houston's Office Tenant Letter - February 2010Bob Lowery
- Lease audit requests have almost doubled in major cities in 2009 as tenants look for ways to reduce real estate expenses. Around 75% of audits uncover landlord overbillings or incorrect charges related to operating expenses.
- Common disputes involve landlords incorrectly including capital expenditures or management fees in operating expenses, which tenants partly pay. Audits also find landlords incorrectly calculating expense adjustments from declining occupancy.
- In response, some landlords are adding lease clauses that restrict tenants' rights to audit or hire certain types of auditors. However, estimates show auditors find modifications in over 90% of lease audits.
This mid-year report discusses the company's record performance in the first half of 2018. Key accomplishments include higher unit and sales volumes, and an increased average sales price. The company expects a robust finish to the year due to strong demand. The report outlines focus areas for the second half such as setting appointments. It also highlights the company's family of services, divisions, and strategic partnerships that are helping associates succeed.
Gridley's Guide to Digital NY November 2012Linda Gridley
This document provides an overview of New York's digital ecosystem, including private companies, investors, and public companies. It notes that over $5.6 billion has been invested in over 300 digital companies in New York since 2006. There have been several high-profile acquisitions and investments in New York digital companies. The report is intended to help investors, buyers and entrepreneurs understand New York's growing role as a major digital hub.
The document provides an overview of the Austin office market in Q1 2020. It summarizes that the market saw 35,453 SF of negative net absorption in Q1, with large negative absorption in Class A buildings. Vacancy increased to 13.0% citywide. Rental rates increased slightly to $35.93 on average. The report also discusses the impacts of COVID-19 on the market and expectations for Q2 2020.
December 2016 An Eye Toward the Future_selected-pagesShawn Miller
The document provides industry outlook perspectives from various housing sector leaders for 2017. They discuss factors that will shape their industries in the coming year. Key points include:
- The single-family rental home market is expected to continue booming in 2017 as demand rises and inventory shrinks, benefiting experienced investors.
- Institutional investors will remain a small minority in the single-family home market but continue supplying properties to fuel the growing rental sector.
- New technologies are emerging to better match vacant rental properties with investors, establishing single-family rentals as a new real estate industry.
- The title and settlement industry will see steady volumes in 2017, with increased adoption of mobile technologies providing better client service.
May/June 2010 Edition: Toronto Real Estate Market ViewsMagda Mo
The real estate market in the GTA saw record high home sales and new listings in April 2010. Sales volume increased 34% and new listings increased 59% compared to April 2009. The average home price also set a new record at $437,600, up 13% from April 2009. While prices and demand were up significantly, the increase in new listings helped restore some balance to the market. However, days on the market remained very low at just 21 days.
Gannett Co., Inc. held a conference call to discuss their fourth quarter and full year 2008 results. Craig Dubow, Chairman, President and CEO, provided an overview of Gannett's efforts to manage costs and innovate during the economic downturn. Some highlights included transforming their operations in Detroit to a digital-focused model, developing a content management system to share content across properties, and acquiring a social media company. Gracia Martore, EVP and CFO, discussed the financial results in more detail, noting declines in advertising revenue across segments due to economic conditions. She also outlined a planned goodwill impairment charge of $5.1-5.9 billion related to declines in business values.
The document compares real estate data from the second quarter of 2009 to the second quarter of 2012 in San Francisco. It finds that the median sold price increased 4% over this period, rising from $750,000 to $777,500. However, the median price of properties for sale decreased 4%, from $799,000 to $768,000. Additionally, the number of properties sold increased 29% between the two quarters, from 557 units to 718 units.
San Francisco Residential Data Q2 2009 - Q2 2011Ronny Budiutama
The document summarizes real estate data for San Francisco over a 3 year period from Q2 2009 to Q2 2012. It shows that:
- The median sold price of homes increased 4% from $750,000 in Q2 2009 to $777,500 in Q2 2012.
- The number of homes sold increased 29% from 557 in Q2 2009 to 718 in Q2 2012.
- The number of homes under contract increased 8% from 665 in Q2 2009 to 719 in Q2 2012.
- The number of new homes on the market decreased 16% from 927 in Q2 2009 to 781 in Q2 2012.
The document is KB Home's 2000 annual report. It discusses KB Home's operations, including its focus on first-time home buyers in selected markets across the US. Financial highlights show increased revenue, earnings, and backlog for the years 1996-2000. The CEO discusses trends in homeownership, KB Home's competitive advantages in serving immigrant communities, and outlook for continued growth.
This document provides an industrial market report for the Greater Toronto Area (GTA) for Q2 2016 from Cresa Toronto, a commercial real estate brokerage. It summarizes key metrics for different submarkets in the GTA, including vacancy rates, net absorption, new construction activity, and notable lease and sale transactions. Some highlights include Vaughan and Markham having strong absorption in GTA North despite new deliveries, and Mississauga experiencing its first negative absorption quarter, increasing vacancy rates in GTA West. The report also emphasizes the tenant perspective in navigating an increasingly tight industrial market with low vacancy.
36,778 sq. ft. building; Zoning: SE (Suburban Employment): The (SE) District allows numerous commercial site uses; Passenger elevator; Private and common restrooms; Fully sprinkled; Data center with a grounded floor and a specialized HVAC system; 60 KVA back-up generator; Building/pylon signage; Potential to purchase adjacent parcels; Sale Price: $4,413,360
Signature Global TITANIUM SPR | 3.5 & 4.5BHK High rise Apartments in Gurgaonglobalsignature2022
Signature Global TITANIUM SPR launched a high rise apartments in Gurgaon . In this project Signature Global offers 3.5 & 4.5 BHK high rise Apartment at sector 71 Gurgaon SPR Road. Signature Global Titanium SPR is IGBC Gold certified, a testament to our commitment to sustainability.
Andhra Pradesh, known for its strategic location on the southeastern coast of India, has emerged as a key player in India’s industrial landscape. Over the decades, the state has witnessed significant growth across various sectors,
Stark Builders: Where Quality Meets Craftsmanship!shuilykhatunnil
At Stark Builders our vision is to redefine the renovation experience by combining both stunning design and high quality construction skills. We believe that by delivering both these key aspects together we are able to achieve incredible results for our clients and ensure every project reflects their vision and enhances their lifestyle.
Although we are not all related by blood we have created a team of highly professional and hardworking individuals who share the common goal of delivering beautiful and functional renovated spaces. Our tight nit team are able to work together in a way where we pour our passion into each and every project as we have a love for what we do. Building is our life.
Listing Turkey - Piyalepasa Istanbul CatalogListing Turkey
We are working around the clock to transform a long-time dream into reality. As a result, Piyalepasa Istanbul will be the largest privately developed urban regeneration project in Turkey.
THE NEIGHBORHOOD WE HAVE BEEN LONGING FOR IS COMING TO LIFE
The good old days of the Piyalepasa neighborhood are being brought back to life with Piyalepasa Istanbul houses, residences, offices, hotels and a pedestrianized shopping avenue.
The wide streets of this 82.000 square meter development conveniently face the main boulevard in a prime Beyoglu location. “Piyalepaşa İstanbul” stands out as the only project designed to offer a neighborhood lifestyle, complete with its grocers, bagel sellers and greengrocer. Piyalepasa Istanbul has all the values to make it an authentic neighborhood, our very own community.
A NEIGHBORHOOD FULL OF LIFE, IN THE HEART OF THE CITY!
“Piyalepaşa İstanbul” is a “mixed-use” concept containing all the elements for a vibrant social life with houses, residences, offices, hotels and high street shopping.
“Piyalepaşa İstanbul” will take the liveliness of Istanbul into its heart. The elegant sparkle of Nisantasi, the young and colorful Besiktas, the variety and multicultural heritage of Istiklal Street will all be contained within the streets of this neighborhood.
“Piyalepaşa İstanbul” bears traces of the most beautiful examples of Turkish architecture from the Seljuks to the Ottomans and from Anatolia to Rumelia. With its graded facades, wide eaves, bay windows, pools, and interior courtyard systems, it offers a new living space without disrupting the city’s silhouette and neighborhood.
“Piyalepaşa İstanbul” is the new attraction of this splendid city.
TO BE AT THE CENTER OF ISTANBUL… THIS IS REAL LUXURY!
With its proximity to D-100 highway, connecting roads and tunnels, “Piyalepaşa İstanbul” is only minutes away from Kabatas, Besiktas, the Golden Horn and Karakoy.
“Piyalepaşa İstanbul” is close to the prestigious new Istanbul Court House, a major hospital, the Perpa trade center and the city’s most lively neighborhoods. With its shuttle service to Okmeydani Metrobus station, Sishane and the Court House subway stations, “Piyalepaşa İstanbul” will provide you with the most convenient transport connections.
https://listingturkey.com/property/piyalepasa-istanbul/
Living in an UBER World - June '24 Sales MeetingTom Blefko
June 2024 Lancaster County Sales Meeting for Berkshire Hathaway HomeServices Homesale Realty covering the following topics: 1. VA Suspends Buyer Agent Payment Plan (article), 2. Frequently Used Terms in title, 3. Zillow Showcase Overview, 4. QuickBuy commission promotion, 5. Documenting Cooperative Compensation, 6. NAR's Code of Ethics - Mass Media Solicitations, 7. Is it really cheaper to rent? 8. Do's and Don't's when Terminating the Agreement of Sale, 9. Living in an UBER World
Anilesh Ahuja Pioneering a Paradigm Shift in Real Estate Success.pptxneilahuja668
Anilesh Ahuja journey is a testament to the power of vision, resilience, and unwavering determination. As a visionary leader, he continues to inspire and empower others to dream big and challenge the status quo. His legacy extends far beyond the realm of real estate, leaving an indelible mark on the industry and the world at large.
Why is Revit MEP Outsourcing considered an as good option for construction pr...MarsBIM1
Outsourcing MEP modeling services require effective collaboration and coordination amongst multiple engineering trades. The engineers and the designers often change the details of the MEP projects, but the work of Revit MEP drafting services is having the master plan and model of the complete project. To have proper coordination and installation, there is a need to execute the project effectively. Hence, the work of Revit family creation facilitates the MEP engineers.
The SVN® organization shares a portion of their new weekly listings via their SVN Live® Weekly Property Broadcast. Visit https://svn.com/svn-live/ if you would like to attend our weekly call, which we open up to the brokerage community.
2. We find more New Yorkers
homes than any other firm
C i t i - H a b i tat s . co m
• Over 900,000 visits per month • Top 1% ranking among NYC-based real estate firms
• Feeds to Google, NY Times • Top “real estate” ranking with the #1 search engine
• Extensive resourses for buyers, sellers, and renters
Relocation Headquarters | 250 Park Avenue South, 12th floor
Gary Malin | 212.689.4900 x249 | gmalin@citi-habitats.com
Susan Rader | 212.689.4900 x250 | srader@citi-habitats.com
Office Locations
Corporate Headquarters Chelsea West Village
250 Park Avenue S, 11th floor 155 Seventh Avenue 114 Perry Street
212.685.7777 212.937.9677 212.400.2500
Upper East Side Gramercy/Flatiron East Village
400 East 84th Street 32 East 22nd Street 37 Third Avenue
212.794.1133 212.260.9720 212.937.8500
Upper East Side Gramercy/Flatiron Greenwich Village
1456 First Avenue 27 East 22nd Street 214 Sullivan Street
212.774.3800 212.685.7300 212.253.2525
Upper West Side Sales/Relocation Headquarters
465 Columbus Avenue 250 Park Avenue S, 12th floor
212.957.4100 212.685.7777
Upper West Side Union Square
222 West 72nd Street 250 Park Avenue S, 5th floor
212.712.2722 212.683.8300
3. In this Issue
PUBLISHER and EDITOR-IN-CHIEF
Christopher Dente, Director of PR 4 Notes from the President
cdente@citi-habitats.com
5 In the News
WRITER
Christopher Dente 8 Featured Agent: David KongZO
cdente@citi-habitats.com
9 Rental Market Report, 4th Quarter 2009
GRAPHIC DESIGN
Megan Havens
16 Sales Market Report, 4th Quarter 2009:
Resale
mhavens@citi-habitats.com
17 Sales Market Report, 4th Quarter 2009:
CITI HABITATS’ EXECUTIVE TEAM New Developments & Luxury Market
Gary Malin, President
Gordon Golub, Sr. Managing Director 18 Hot Links: Resources & Information
Greg Young, Director of Sales
Citi Habitats is owned and operated by NRT LLC.
4. Notes from the President
Welcome to our 4th Quarter
2009 issue of MARKETView,
Citi Habitats’ e-magazine
dedicated to assisting companies
and individuals dealing with
the complexities involved in
corporate relocation.
Citi Relocation, an affiliate company of Citi
In this issue, we are pleased
Habitats, provides corporations and organiza-
to present our 4th Quarter /
tions with a variety of innovative, cost effective Year-End 2009 Residential Rental Market Report.
This reports profiles data based on Citi Habitats’ closed
relocation solutions, including area orientation, rental transactions and data in Manhattan for the periods
October–December and January-December 2009.
home search and rental assistance. Relocating
can be an extremely stressful experience. The Citi Results for the 4th Quarter 2009 vs. 3rd Quarter
2009 were atypical of past market trends. Because the
Relocation staff takes great pride in treating 3rd Quarter figures include peak season rental tallies,
adjustments in rental prices and vacancy rates in the 4th
clients with special care. A philosophy of person- Quarter are usually notable. However, during this 4th
Quarter we saw only nominal decreases in both rental
alized assistance, as well as a vast knowledge and pricing and a marginal increase in the vacancy rate.
expertise in the services provided, ensure that Citi
As we expected, the 2009 rental market underwent price
Relocation will effectively address your unique re- corrections. Prices on average are approximately 7%
lower than in 2008 and this adjustment does not include
location needs. The goal is to facilitate a seamless landlord incentives such as free rent which, when factored
in, would make price reductions greater. Vacancy rates
relocation process for every client, every time. are marginally higher in 2009 (but continue to remain
below 2%) from 2008 totals. However, over 3,700 new
rental units came to market during 2009 (south of 96th
Susan Rader, Relo Coordinator Street) and we saw incredible absorption with respect to
srader@citi-habitats.com this new product.
212.685.7777
Also in this issue, we are pleased to present our 4th
Quarter 2009 Residential Sales Market Report.
This reports profiles data based on sales transactions
and data in Manhattan for the period October-
December 2009 and includes the Manhattan resale, new
developments and luxury market property categories.
As the premier residential brokerage firm in Manhattan,
we are able to give you first-hand market data on the
factors that impact your bottom line. These reports are
designed to keep you and your company current on the
multitude of factors affecting the Manhattan real estate
market and the potential impact on your relocation
decisions.
In addition to current Manhattan rental market data,
MARKETView contains links to topical real estate
news features, as well as a multitude of other relocation-
related topics selected to keep you best informed.
Gary Malin, President
5. In the News
Manhattan rental deals up in 4Q: reports
Manhattan rental transactions surged in the fourth quarter of 2009, according to market reports
released by two large city brokerages today. The Real Deal... read
Manhattan Apartment Rents Drop 9.4% as City Job Losses Mount
Manhattan apartment rents dropped 9.4 percent in the fourth quarter of 2009 from a year
earlier as Wall Street jobs vanished in the recession. Bloomberg... read
Manhattan apartment rents and vacancies off in ‘09
Vacancy rates for apartments in New York City’s borough of Manhattan, the largest U.S.
apartment market, declined in 2009, as lower rents and better landlord incentives attracted
tenants, according to a quarterly brokerage report. Reuters... read
Average Manhattan rents dropped 4% last year
Manhattan apartment rents ended the year down 4% from where they started 2009, but that
decline helped to strongly boost the number of new leases signed, according to two market
reports released Thursday. Crain’s New York Business... read
Buying? You?
ARTHUR FREEDMAN has lived in a rent-stabilized studio in the East Village for 29 years. But as
he watched housing prices fall over the last year and as a leak in his bathroom went unrepaired
month after month, he decided a few months ago that it was time to become a homeowner.
New York Times... read
Citi Habitats kicks off leasing at Forest City Ratner tower
Citi Habitats has kicked off leasing at Forest City Ratner’s new 36-story rental building at 80
DeKalb Avenue in Fort Greene. Brokers Weekly... read
Audio Clip
Joe Connolly- Wall Street Journal cites Citi Habitats 4Q Rental Report. WCBS Radio. Listen... read
5
6. RETHINK
THE RENTAL
Layouts are diverse, luxe and spacious.
Sophisticated studio, one and two-bedrooms
feature innovative design, natural materials and
high ceilings.
Views are spectacular. Curtain window
walls and multiple corner exposures capture
panoramas of the city and Hudson River.
Amenities focus on an ideal urban lifestyle.
Enjoy the park, outdoor terrace, inner
courtyard, and unrivaled 75-foot pool.
Rentals reconceived for the 21st Century by
Larry Silverstein.
STUDIO RESIDENCES FROM
$2,250, 1BR’S FROM $2,945,
AND 2 BR’S FROM $4,335.
NOW LEASING FOR IMMEDIATE
AND FALL OCCUPANCY.
FOR DETAILS PLEASE CONTACT
Russell Miller Eric Hamm
212.712.2722 212.957.4100
Rmiller@citi-habitats.com Ehamm@citi-habitats.com
7. A high-rise rental offering the very best in
amenities and conveniences. Plus, it’s LEED
certified, making eco-living as easy as walking
in your door. Distance-wise, it’s one subway
stop from Manhattan, but attitude-wise, it’s
worlds away.
Alcove Studios from $1,915
1 Bedrooms from $2,340
2 Bedrooms from $3,865
Immediate Occupancy
For Details Please Contact
Itzy Garay
212.400.2500 | igaray@citi-habitats.com
Jay Heydt
212.683.8300 | jheydt@citi-habitats.com
Eric Hamm
212.957.4100 | ehamm@citi-habitats.com
8. Featured Agent
DAVID KONG, LICENSED REAL ESTATE SALESPERSON
T 212.685.7777
M 917.755.9380
dkong@citi-habitats.com
David Kong is focused on helping clients make informed decisions on buying, sell-
ing, renting and listing. He has an entrepreneurial spirit and knows that all success
begins with relationships built on trust. David goes above and beyond what all other real estate agents
do to ensure complete satisfaction.
David previously owned and operated an event coordinating company that specialized in University func-
tions. He also successfully ran a retail business, growing the company tenfold within five years. Before
coming to Citi Habitats, David was CEO of a company that manufactured golf accessories for women.
David was born in South Korea, but was raised in Wellesley. He graduated from Boston University and
is fluent in both English and Korean. David loves to give back to the community and volunteers his time
as a fifth grade Sunday School Teacher and a coach for his church’s girl’s volleyball team. David loves
cooking, fishing, volleyball, the outdoors, skydiving, travel, music…basically anything that keeps the body,
mind and soul active and growing.
When David bought his first home, the process did not go well. “I felt as though I was taken advantage
of by both the real estate agent and the mortgage broker. I want to make sure that this never happens to
anyone else. I will make it my mission to take you through the process step by step so that you get exactly
what you want. I look forward to finding you the home you want.”
8
9. RESIDENTIAL RENTAL MARKET REPORT
Fourth Quarter 2009 / Year-End Review
Owned and operated by NRT LLC.
10. Citi Habitats
Residential Rental Market Report
4th Quarter / Year-End Review 2009
Our results for December 2009 continued the pattern seen during the prior eight months of 2009 of minor price adjustments providing
us with further evidence that the Manhattan rental market had found its footing in terms of pricing. Additionally, vacancy rates which
historically increase during this period actually decreased slightly over November’s rate, indicating positive absorption in the market.
Results for the 4th Quarter 2009 vs. 3rd Quarter 2009 also were atypical of past market trends. Because the 3rd Quarter figures include peak
season rental tallies, adjustments in rental prices and vacancy rates in the 4th Quarter are usually notable. However, during this 4th Quarter
we saw only nominal decreases in both rental pricing and a marginal increase in the vacancy rate.
As we expected, the 2009 rental market underwent price corrections. Prices on average are approximately 7% lower than in 2008 and
this adjustment does not include landlord incentives such as free rent which, when factored in, would make price reductions greater.
Vacancy rates are marginally higher in 2009 (but continue to remain below 2%) from 2008 totals. However, over 3,700 new rental units
came to market during 2009 (south of 96th Street) and we saw incredible absorption with respect to this new product. During this
period, CHMG, Citi Habitats’ development marketing group, rented Silver Towers at a very brisk pace, renting over 40% of market-rate
units during its launch phase as well as the lease-up or completion of Dwell95, The Westbourne, Greystone, and The Hub.
In 2009 Citi Habitats reached the incredible milestone of renting over 12,900 apartments in one year, an increase of 23% as compared
with the 2008 total of more than 10,500 rental transactions. Many factors came into play during the year that contributed to achieving
this incredible feat. 2009 was a great year to be a renter; because of the combination of lower prices and landlord incentives, amazing
rental opportunities existed in the marketplace. Some, previously priced out of the Manhattan market and living in an outer borough
were now able to afford an apartment in Manhattan. Many upgraded and moved to a larger space or a neighborhood closer to their
job for less or equal rent. In any event, these indicators are a clear testament to the health and vitality of the rental market and the
long-term prospects of our great City.
Please note the following with respect to this report:
1. The statistics in this report were compiled using solely Citi Habitats closed transactions during the stated
period(s).
2. Average rents cited in this report are, for the majority, gross rents, not net effective rents, and do not include
landlord incentives, unless the face rent reported on the lease was the net-effective amount. Factoring in
rent concessions, average rents may be between 5% to 7% lower. However, not every rental transaction
contains a landlord concession.
We hope you will find this study informative and we welcome any questions you may have regarding it.
Sincerely,
Gary Malin, President
We find more New Yorkers homes than any other brokerage firm.
total 4Q rental transactions total 2009 Rental Transactions
5000 15,000 12,900+
4000 12,500
10,500+
3000 2600+ 10,000
2000 1800+ 7,500
1000 5,000
0 0
4Q 2008 4Q 2009 2008 2009
Overall transactional volume for Citi Habitats for the 4Q 2009 Overall transactional volume for Citi Habitats for 2009 was
was more than 2,600 transactions, representing an increase more than 12,900 transactions, representing an increase of
of more than 30% in the total number of transactions from 23% in the total number of transactions from the 2008 total
the 4Q 2008 total of more than 1,800 transactions. of more than 10,500 transactions.
11. RENTAL MARKET ANALYSIS: 4th Quarter 2009
AVERAGE RENT SUMMARY: Q4/09
LOCATION STUDIO 1BR 2BR 3BR LOCATION STUDIO 1BR 2BR 3BR
Chelsea 2048 2908 4381 5239 Upper East Side 1569 2087 3043 5131
East Village 1804 2281 3224 4100 Upper West Side 1688 2351 3484 5401
Gramercy/Flatiron 2035 2852 3912 5047 Wall Street/BPC 2054 2728 3781 4943
Harlem 1112 1438 1680 2215 Washington Heights 1073 1360 1800 2049
Lower East Side 1698 2033 2782 3490 West Village 1993 2845 3916 5383
Midtown East 1818 2370 3520 5026 Average: Q4/09 1733 2343 3294 4438
Midtown West 1926 2494 3428 4422 Average: Q3/09 1760 2423 3381 4591
Morningside Heights 1321 1851 2262 3012 % Change -1.5% -3.3% -2.6% -3.3%
Murray Hill 1731 2398 3157 4213 Average: Q4/08 1841 2527 3551 4712
SoHo/TriBeCa 2130 3145 5042 6898 % Change: Q4-08/09 -5.9% -7.3% -7.2% -5.8%
AVERAGE RENTS: Q4/09 Market-wide for Manhattan, the average 4Q 2009 rental price for a studio was $1,733, representing
a decrease of 1.5% from 3Q 2009; a one bedroom, $2,343 representing a decrease of 3.3% from 3Q 2009; a two bedroom, $3,294
representing a decrease of 2.6% from 3Q 2009; and three bedroom, $4,591 representing a decrease of 3.3% from 3Q 2009.
VACANCY SUMMARY: Q4/09
NEIGHBORHOOD VACANCY RATE NEIGHBORHOOD VACANCY RATE
BPC / Financial Dist 2.05% Upper East Side 2.24%
Chelsea 1.33% Upper West Side 2.06%
East Village 1.72% West Village 1.34%
Gramercy 2.09% Overall Vacancy: Q4/09 1.79%
Midtown East 2.18% Overall Vacancy: Q3/09 1.71%
Midtown West 1.53% Difference 0.08%
Murray Hill 2.05% Overall Vacancy: Q4/08 1.96%
SoHo/TriBeCa 1.05% Difference: Q4 - 08/09 (0.17%)
VACANCY RATES: Q4/09 The overall vacancy rate for Manhattan for 4Q 2009 was 1.79% representing a 0.08% increase
in the vacancy rate from the 3Q 2009 rate of 1.71%.
A comparison of vacancy rates, by neighborhood, reveals that the SoHo/Tribeca area had the least amount of available apartments
at 1.05%, while the Upper East Side, at 2.24%, ranked highest.
OVERALL BLENDED AVERAGES: Q4/09 MANHATTAN RENTAL VACANCY RATES: Q4/09
2.5
BLDG CLASSIFICATION STUDIO 1BR 2BR 3BR
2 2.36 1.76
New Development w/ DM* 2434 3573 5972 8396 1.96
1.88
Owned and operated by NRT LLC.
1.5 1.71
Doorman 2144 3054 4402 5659 1
.5
Elevator*** 1758 2452 3723 5412
0
Walkup** 1602 2041 2686 3910 Q4/08 Q1/09 Q2/09 Q3/09 Q4/09
* New Developments include all rental and condo buildings built after 2003.
**Walkup averages include brownstone and townhouse rentals.
***Elevator averages in the downtown neighborhoods include a significant number of loft rentals compared to other neighborhoods.
12. RENTAL MARKET ANALYSIS: 2009 vs 2008
AVERAGE RENT SUMMARY: 2009 vs 2008
LOCATION STUDIO 1BR 2BR 3BR LOCATION STUDIO 1BR 2BR 3BR
Chelsea 2058 2959 4369 5463 Upper East Side 1608 2167 3070 5164
East Village 1824 2372 3286 4281 Upper West Side 1760 2366 3497 5475
Gramercy/Flatiron 1994 2965 4124 5132 Wall Street/BPC 2069 2819 4001 5081
Harlem 1170 1504 1855 2192 Washington Heights 1064 1393 1820 2092
Lower East Side 1719 2162 2951 3750 West Village 2037 2945 4009 5431
Midtown East 1805 2399 3819 5210 Average: 2009 1757 2406 3411 4560
Midtown West 1866 2457 3574 4664 Average: 2008 1883 2608 3700 4898
Morningside Heights 1372 1952 2455 2999 % Change -6.7% -7.7% -7.8% -6.9%
Murray Hill 1835 2408 3255 4364 Overall % Change -7.3%
SoHo/TriBeCa 2181 3230 5086 7097
AVERAGE RENTS: 2009 Market-wide for Manhattan, the average 2009 rental price for a studio was $1,757, representing a
decrease of 6.7% from 2008; a one bedroom, $2,406 representing a decrease of 7.7% from 2008; a two bedroom, $3,411 represent-
ing a decrease of 7.8% from 2008; and three bedroom, $4,560 representing a decrease of 6.9% from 2008.
VACANCY SUMMARY: 2009 vs 2008
NEIGHBORHOOD VACANCY RATE NEIGHBORHOOD VACANCY RATE
BPC / Financial Dist 2.02% SoHo/TriBeCa 1.35%
Chelsea 1.58% Upper East Side 2.38%
East Village 2.10% Upper West Side 1.98%
Gramercy 1.99% West Village 1.64%
Midtown East 2.36% Overall Vacancy: 2009 1.93%
Midtown West 1.76% Overall Vacancy: 2008 1.42%
Murray Hill 2.09% Difference: 2009/2008 0.51%
VACANCY RATES: 2009 The overall vacancy rate for Manhattan for 2009 was 1.93% representing a 0.51% increase in the
vacancy rate from the 2008 rate of 1.42%.
A comparison of vacancy rates, by neighborhood, reveals that the SoHo/Tribeca area had the least amount of available apartments at 1.35%,
while the Upper East Side, at 2.38%, ranked highest.
MANHATTAN RENTAL VACANCY RATES: 2009
2.50
Owned and operated by NRT LLC.
2.46 2.37
2.24
2.28 1.84
1.83 1.86 1.87
1.50 1.72 1.65 1.67 1.62
0.00
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
13. RENTAL MARKET ANALYSIS: December 2009
AVERAGE RENT SUMMARY: 12/09
LOCATION STUDIO 1BR 2BR 3BR LOCATION STUDIO 1BR 2BR 3BR
Chelsea 2100 2909 4384 5150 Murray Hill 1701 2234 3130 3710
East Village 1841 2159 3289 4050 SoHo/TriBeCa 2190 3048 5130 6900
Gramercy/Flatiron 2075 2804 3883 5087 Upper East Side 1504 2056 3026 5150
Harlem 1120 1455 1648 2132 Upper West Side 1605 2276 3466 5400
Lower East Side 1731 2031 2725 3500 Wall Street/BPC 2053 2637 3778 4877
Midtown East 1826 2413 3491 5028 Washington Heights 1050 1330 1813 1973
Midtown West 1904 2544 3351 4338 West Village 2065 2827 3857 5425
Morningside Heights 1340 1767 2199 2898 Average 1740 2299 3278 4375
AVERAGE RENTS: 12/09 Market-wide for Manhattan, the average December 2009 rental price for a studio was $1,740, representing
an increase of 1% from November 2009; a one bedroom, $2,299 representing a decrease of 2% from November 2009; a two bedroom, $3,278
representing a decrease of 1% from November 2009; and three bedroom, $4,375 representing a decrease of 2% from November 2009.
VACANCY SUMMARY: 12/09
NEIGHBORHOOD VACANCY RATE NEIGHBORHOOD VACANCY RATE
BPC / Financial Dist 1.86% Murray Hill 2.03%
Chelsea 1.20% SoHo / TriBeCa 1.23%
East Village 1.90% Upper East Side 2.16%
Gramercy 1.86% Upper West Side 2.17%
Midtown East 2.24% West Village 1.41%
Midtown West 1.53% Overall Vacancy 1.84%
VACANCY RATES: 12/09 The overall vacancy rate for Manhattan for December 2009 was 1.84% representing a 0.03% decrease in the va-
cancy rate from the November 2009 rate of 1.87%.
A comparison of vacancy rates, by neighborhood, reveals that the Chelsea area had the least amount of available apartments at 1.20%, while Mid-Town
East, at 2.24%, ranked highest.
OVERALL BLENDED AVERAGES: 12/09 MANHATTAN RENTAL VACANCY RATES: 12/09
BLDG CLASSIFICATION STUDIO 1BR 2BR 3BR 2.50% 2.28
2.46 2.37
2.24 2.24
New Development w/ DM* 2430 3681 5977 8784 1.86 1.87 1.84
Owned and operated by NRT LLC.
1.83
1.72 1.65 1.67 1.62
1.25%
Doorman 2096 2978 4322 5695
Elevator*** 1708 2419 3690 5279
0%
Walkup** 1539 1988 2601 3751 Dec Jan Feb Mar Apr May June July Aug Sep Oct Nov Dec 09
* New Developments include all rental and condo buildings built after 2003.
**Walkup averages include brownstone and townhouse rentals.
***Elevator averages in the downtown neighborhoods include a significant number of loft rentals compared to other neighborhoods.
14. RENTAL MARKET ANALYSIS: November 2009
AVERAGE RENT SUMMARY: 11/09
LOCATION STUDIO 1BR 2BR 3BR LOCATION STUDIO 1BR 2BR 3BR
Chelsea 2006 2898 4434 5215 Murray Hill 1750 2385 3164 4410
East Village 1754 2292 3308 4099 SoHo/TriBeCa 2134 3199 4999 6889
Gramercy/Flatiron 2013 2842 3925 5017 Upper East Side 1577 2081 2998 5175
Harlem 1125 1402 1653 2156 Upper West Side 1674 2378 3502 5360
Lower East Side 1750 2009 2799 3466 Wall Street/BPC 2089 2784 3745 4925
Midtown East 1816 2376 3555 5028 Washington Heights 1083 1341 1800 2089
Midtown West 1920 2486 3402 4428 West Village 1936 2863 3913 5325
Morningside Heights 1300 1838 2267 3095 Average 1728 2345 3298 4445
AVERAGE RENTS: 11/09 Market-wide for Manhattan, the average November 2009 rental price for a studio was $1,728, representing no
change from October 2009; a one bedroom, $2,345 representing a decrease of 2% from October 2009; a two bedroom, $3,298 representing no
change from October 2009; and three bedroom, $4,445 representing a decrease of 1% from October 2009.
VACANCY SUMMARY: 11/09
NEIGHBORHOOD VACANCY RATE NEIGHBORHOOD VACANCY RATE
BPC / Financial Dist 2.22% Murray Hill 2.00%
Chelsea 1.50% SoHo / TriBeCa .98%
East Village 1.59% Upper East Side 2.15%
Gramercy 2.20% Upper West Side 2.07%
Midtown East 2.18% West Village 1.38%
Midtown West 1.44% Overall Vacancy 1.87%
VACANCY RATES: 11/09 The overall vacancy rate for Manhattan for November 2009 was 1.87% representing no change in the vacancy
rate from the October 2009 rate of 1.86%.
A comparison of vacancy rates, by neighborhood, reveals that the SoHo/Tribeca area had the least amount of available apartments at .98%, while the
BPC/Financial District, at 2.22%, ranked highest.
OVERALL BLENDED AVERAGES: 11/09 MANHATTAN RENTAL VACANCY RATES: 11/09
BLDG CLASSIFICATION STUDIO 1BR 2BR 3BR 2.50%
2.28
2.46 2.37
2.24 2.24
2.04
New Development w/ DM* 2406 3550 5942 8330 1.86 1.87
Owned and operated by NRT LLC.
1.83
1.72 1.65 1.67 1.62
1.25%
Doorman 2137 3042 4391 5575
Elevator** 1766 2472 3713 5386
0%
Walkup*** 1592 1985 2621 3953 Nov Dec Jan Feb Mar Apr May June July Aug Sep Oct Nov 09
* New Developments include all rental and condo buildings built after 2003.
** Walkup averages include brownstone and townhouse rentals.
*** Elevator averages in the downtown neighborhoods include a significant number of loft rentals compared to other neighborhoods.
15. RENTAL MARKET ANALYSIS: October 2009
AVERAGE RENT SUMMARY: 10/09
LOCATION STUDIO 1BR 2BR 3BR LOCATION STUDIO 1BR 2BR 3BR
Chelsea 2039 2916 4325 5353 Murray Hill 1742 2576 3176 4519
East Village 1817 2393 3075 4150 SoHo/TriBeCa 2067 3187 4998 6905
Gramercy/Flatiron 2016 2911 3928 5038 Upper East Side 1625 2123 3104 5068
Harlem 1090 1458 1739 2358 Upper West Side 1786 2398 3485 5444
Lower East Side 1613 2058 2821 3505 Wall Street/BPC 2019 2762 3820 5026
Midtown East 1811 2322 3515 5023 Washington Heights 1086 1410 1786 2086
Midtown West 1954 2453 3530 4500 West Village 1977 2846 3977 5400
Morningside Heights 1322 1948 2319 3042 Average 1731 2384 3307 4494
Peak Season AVERAGE RENTS: 10/09 Market-wide for Manhattan, the average October 2009 rental price for a studio was
$1,731, representing a decrease of 1% from September 2009; a one bedroom, $2,384 representing a decrease of 1% from September 2009; a
two bedroom, $3,307 representing a decrease of 1% from September 2009; and three bedroom, $4,494 representing a decrease of 1% from
September 2009.
VACANCY SUMMARY: 10/09
NEIGHBORHOOD VACANCY RATE NEIGHBORHOOD VACANCY RATE
BPC / Financial Dist 2.06% Murray Hill 2.12%
Chelsea 1.30% SoHo / TriBeCa .95%
East Village 1.66% Upper East Side 2.41%
Gramercy 2.20% Upper West Side 1.93%
Midtown East 2.12% West Village 1.22%
Midtown West 1.61% Overall Vacancy 1.86%
Peak Season VACANCY RATES: 10/09 The overall vacancy rate for Manhattan for October 2009 was 1.86% representing a slight
increase in the vacancy rate from the September 2009 rate of 1.83%.
A comparison of vacancy rates, by neighborhood, reveals that the SoHo/Tribeca area had the least amount of available apartments at .95%, while the
Upper East Side, at 2.41%, ranked highest.
OVERALL BLENDED AVERAGES: 10/09 MANHATTAN RENTAL VACANCY RATES: 10/09
BLDG CLASSIFICATION STUDIO 1BR 2BR 3BR 2.50%
2.28
2.46 2.37
2.24 2.24
2.04 1.86
New Development w/ DM* 2465 3489 5998 8075
Owned and operated by NRT LLC.
1.83
1.71 1.72 1.65 1.67 1.62
1.25%
Doorman 2199 3141 4493 5708
Elevator** 1801 2465 3765 5571
0%
Walkup*** 1675 2149 2836 4027 Oct Nov Dec Jan Feb Mar Apr May June July Aug Sep Oct 09
* New Developments include all rental and condo buildings built after 2003.
** Walkup averages include brownstone and townhouse rentals.
*** Elevator averages in the downtown neighborhoods include a significant number of loft rentals compared to other neighborhoods.
16. 4 TH Q u a r t e r 2 0 0 9 S a l e s M a r k e t R e p o r t
Manhattan Resale
uptown RESALE Ma r ke t W ide
(North of E 96th & W 110th) All Sales
Co-ops Avg Median Avg Price Median Price
Median Avg Price Median Price Price Price per sq ft STU 1BR 2BR 3+BR
Price per sq ft STU 1BR 2BR 3+BR
1.335M 795K 1,006 390K 615K 1.125M 2.450M
450K 515 N/A 399K 470K 630K
All Resales
Condos Avg Median Avg Price Median Price
Median Avg Price Median Price Price Price per sq ft STU 1BR 2BR 3+BR
Price per sq ft STU 1BR 2BR 3+BR
1.161M 725K 936 375K 600K 1.050M 2.225M
487K 476 N/A 305K 499K 812K
Co-ops
Median Avg Price Median Price
West Side RESALE Price per sq ft STU 1BR 2BR 3+BR
(W 57th to W 110th / Central Park West to West Side Drive) 622K 811 360K 532K 961K 1.895M
Co-ops
Condos
Median Avg Price Median Price
Price per sq ft STU 1BR 2BR 3+BR Median Avg Price Median Price
Price per sq ft STU 1BR 2BR 3+BR
705K 849 338K 540K 940K 1.806M
950K 1,125 483K 720K 1.200M 2.565M
Condos
Median Avg Price Median Price
Price per sq ft STU 1BR 2BR 3+BR
970K 1,394 551K 713K 1.250M 3.810M
Midtown West RESALE East Side RESALE
(W 34th to W 57th / 5th Ave to West Side Highway) (E 57th to E 96th / 5th Ave to FDR Drive)
Co-ops Co-ops
Median Avg Price Median Price Median Avg Price Median Price
Price per sq ft STU 1BR 2BR 3+BR Price per sq ft STU 1BR 2BR 3+BR
500K 758 N/A 470K N/A N/A 740K 806 324K 510K 1.100M 2.395M
Condos Condos
Median Avg Price Median Price Median Avg Price Median Price
Price per sq ft STU 1BR 2BR 3+BR Price per sq ft STU 1BR 2BR 3+BR
720K 976 420K 655K 975K 2.575M 975K 1,094 355K 698K 1.000M 2.536M
Downtown RESALE Midtown East RESALE
(South of 34th / East to West) (E 34th to E 57th / 5th Ave to FDR Drive)
Co-ops Co-ops
Median Avg Price Median Price Median Avg Price Median Price
Price per sq ft STU 1BR 2BR 3+BR Price per sq ft STU 1BR 2BR 3+BR
564K 849 395K 573K 1.090M 1.513M 523K 719 326K 520K 987K 3.725M
Condos Condos
Median Avg Price Median Price Median Avg Price Median Price
Price per sq ft STU 1BR 2BR 3+BR Price per sq ft STU 1BR 2BR 3+BR
1.248M 1,054 465K 805K 1.448M 2.400M 794K 1,052 448K 770K 1.115M 2.598M
Owned & operated by NRT LLC.
17. 4 TH Q u a r t e r 2 0 0 9 S a l e s M a r k e t R e p o r t
Manhattan new Developments and luxury market
luxury market
All Resale
Median Avg Price Average
Price per sf Sale Price
3.900M 1,985 4.967M
New Developments
Median Avg Price Average
Price per sf Sale Price Ne w Development s ma r ke t w ide
5.950M 2,272 6.774M
Avg Median Avg Price Median Price
Co-ops Price Price per sq ft STU 1BR 2BR 3+BR
Median Avg Price Average 1.966M 1.191M 1,213 638K 725K 1.695M 3.375M
Price per sf Sale Price
2.600M 1,428 3.656M
Condos
Median Avg Price Average East Side
Price per sf Sale Price (E 57th to E 96th / 5th Ave to FDR Drive)
3.185M 1,901 4.556M New Developments
Median Avg Price Median Price
Price per sq ft STU 1BR 2BR 3+BR
2.650M 1,508 N/A 690K 1.788M 4.260M
uptown
(North of E 96th & W 110th)
New Developments
Median Avg Price Median Price
Price per sq ft STU 1BR 2BR 3+BR
465K 559 N/A 330K 535K 1.050M
Midtown East
(E 34th to E 57th / 5th Ave to FDR Drive)
New Developments
West Side Median Avg Price Median Price
(W 57th to W 110th / Central Park West to West Side Drive) Price per sq ft STU 1BR 2BR 3+BR
New Developments 1.068M 1,183 N/A 1.060M 865K N/A
Median Avg Price Median Price
Price per sq ft STU 1BR 2BR 3+BR
2.175M 1,400 N/A 935K 2.490M 3.113M
Midtown West Downtown
(W 34th to W 57th / 5th Ave to West Side Highway) (South of 34th / East to West)
New Developments New Developments
Median Avg Price Median Price Median Avg Price Median Price
Price per sq ft STU 1BR 2BR 3+BR Price per sq ft STU 1BR 2BR 3+BR
855K 1,141 445K 829K 1.250M N/A 999K 1,188 715K 700K 1.750M 3.707M
Owned & operated by NRT LLC.
18. Hot Links: Resources & Information
Residential Rental Residential Sales The Black & White
Report 11
Market Report Market Report
A comprehensive analysis
4th Quarter Report 4th Quarter Report of the Manhattan
2009 real estate market
2009
for 2008.
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ebica@cort1.com 212.496.6500 contact@nycqualitylocksmith.com
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18