Chart of the Week: December 1, 2014
- Increasing loss factors—the difference between occupied space and the amount of space tenants pay for—has resulted in higher occupancy costs over time.
- Tenants can end up paying more money for the same, and sometimes less, occupied space, even with base rent discounts.
- The Manhattan office inventory has increased approximately 10 percent from 2000 to present directly as a result of the rise in loss factors.
Source: JLL Research