Growing loss factors magnify Manhattan occupancy costs

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Chart of the Week: December 1, 2014

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  • 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.

Click here for a larger version of the chart.

Source: JLL Research

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