Timoric Posted August 28, 2013 Share Posted August 28, 2013 (edited) - Edited June 14, 2019 by Timoric Quote Link to comment Share on other sites More sharing options...
strickn Posted August 28, 2013 Share Posted August 28, 2013 Yes, they do, although if you only look up the reports CoStar filed the same day for New York and Los Angeles, for instance, you will miss by just how much they lead (since separate reports are made for New York City, Long Island, Northern New Jersey, Westchester / Southern Connecticut, Los Angeles, Orange County, and Inland Empire (if I haven't missed any)). The way to search for these on yahoo, google or bing, at least, is to type: [keywords] site:costar.com But since I've already looked them up, above are links for those I've mentioned. And just as a cheat... they together still account for 18.24% of the whole nation's 'office supply.'The Texas Triangle metros together now account for only 7.39%(Chicagoans fill about four and a half percent).If it's any consolation, we have 11% of the US' owner-occupied inventory, and NY-LA has only 15%, reflecting difference finance patterns. Quote Link to comment Share on other sites More sharing options...
TexasGeneral Posted August 29, 2013 Share Posted August 29, 2013 I believe Washington D.C. is the largest office market in the country. Quote Link to comment Share on other sites More sharing options...
strickn Posted August 29, 2013 Share Posted August 29, 2013 They recently eclipsed Chicagoland* despite having a population of 5.9 million compared to 9.8 million. But that's only in office space, and it goes to show how much DC's workplace is a paperwork factory. For instance, metro DC has even more office space than Chicago at the same time that it has almost a billion fewer square feet of industrial space; less than half what comparably sized metro Houston** has. *464 million to 460 million square feet, respectively, according to Costar for last quarter**515 million to 210 million square feet, respectively, according to Costar Quote Link to comment Share on other sites More sharing options...
Houston19514 Posted August 30, 2013 Share Posted August 30, 2013 (edited) I believe Washington D.C. is the largest office market in the country. Nope. NYC is still quite a bit larger Edited August 30, 2013 by Houston19514 Quote Link to comment Share on other sites More sharing options...
TowerSpotter Posted August 30, 2013 Share Posted August 30, 2013 Nope. NYC is still quite a bit largerAgreed. Quote Link to comment Share on other sites More sharing options...
strickn Posted August 30, 2013 Share Posted August 30, 2013 There are so many New Yorkers that Washington may now be largest per capita, though. Quote Link to comment Share on other sites More sharing options...
strickn Posted September 1, 2013 Share Posted September 1, 2013 A Labor Day weekend look at labor: Some US metros' Office per capita (in square feet)2Q 2013 reports divided by Census Bureau July 2012 MSA population estimates 105 Greater Washington 79 Greater Washington excluding 155 Msf of federally owned space circa 2003 (the latest overall total found) 66 Delaware Valley 65 Dallas-Plano-Irving 64 Tristate NYC 60 Bay Area CA 59 Greater Boston-NH 55 Greater Atlanta 54 Mpls-Saint Paul 51 Pittsburgh 50 Birmingham 50 Tulsa 49 Orange County 48 Chicagoland-Elgin-Gary-Kenosha 48 Baltimore 44 Greater Houston-Galveston 43 Charlotte 43 Los Angeles 42 OKC 41 Portland 37 Phoenix 25 Fort Worth-Arlington 24 Tucson 16 Inland Empire Quote Link to comment Share on other sites More sharing options...
Houston19514 Posted September 2, 2013 Share Posted September 2, 2013 ^ Whose office square footage numbers are you using? Quote Link to comment Share on other sites More sharing options...
Houston19514 Posted September 2, 2013 Share Posted September 2, 2013 A Labor Day weekend look at labor: Some US metros' Office per capita (in square feet)2Q 2013 reports divided by Census Bureau July 2012 MSA population estimates 105 Greater Washington 79 Greater Washington excluding 155 Msf of federally owned space circa 2003 (the latest overall total found) 66 Delaware Valley 65 Dallas-Plano-Irving 64 Tristate NYC 60 Bay Area CA 59 Greater Boston-NH 55 Greater Atlanta 54 Mpls-Saint Paul 51 Pittsburgh 50 Birmingham 50 Tulsa 49 Orange County 48 Chicagoland-Elgin-Gary-Kenosha 48 Baltimore 44 Greater Houston-Galveston 43 Charlotte 43 Los Angeles 42 OKC 41 Portland 37 Phoenix 25 Fort Worth-Arlington 24 Tucson 16 Inland Empire Not sure what office space numbers you used, but I see some problems. -- For the Tulsa metro to have 55 square feet per capita would mean they have 47.5 Million + square feet of office space. I don't know any one who that thinks Tulsa has that much office space. -- Comparing metropolitan divisions (only in the case of DFW) with metropolitan areas is not comparing apples to apples. Ft Worth-Arlington: 57,524,775 sq ft of office spaceDallas-Irving-Plano: 286 Million sq ft of office spaceTotal DFW: 343,524,775 sq ft of office space2012 population: 6,700,991DFW office space per capita: 51sq feet Quote Link to comment Share on other sites More sharing options...
strickn Posted September 3, 2013 Share Posted September 3, 2013 http://www.costar.com/News/Article/Market-Trend-Tulsas-Office-Deliveries-Construction-and-Inventory/151183 Hou19514, You are correct insofar as the Tulsa metro has much scarcer Class A office space than we do [less than 6.2 Msf out of total 49, or one-eighth of the total, compared to fully forty percent Class A throughout Houston], but remember that it was the oil capital before offshore moved it to Houston, so it does get underestimated by common knowledge. I also separated metropolitan divisions in the case of SoCal. In these two cases there was big disparity between metropolitan moving parts, with warehouse and distribution space predominating in the Inland Empire and in Fort Worth-Arlington. In the Tristate metropolitan divisions, or the Bay Area, I think that office was more evenly provisioned. Quote Link to comment Share on other sites More sharing options...
Houston19514 Posted September 4, 2013 Share Posted September 4, 2013 http://www.costar.com/News/Article/Market-Trend-Tulsas-Office-Deliveries-Construction-and-Inventory/151183I also separated metropolitan divisions in the case of SoCal. In these two cases there was big disparity between metropolitan moving parts, with warehouse and distribution space predominating in the Inland Empire and in Fort Worth-Arlington. In the Tristate metropolitan divisions, or the Bay Area, I think that office was more evenly provisioned. That is exactly the problem with separatjng out metro divisions. It leads to misleading numbers. Every metro area has zones with higher concentrations of office space than other areas. The census bureau tells us that comparing metro divisions with metro areas is not a good comparison. Quote Link to comment Share on other sites More sharing options...
Timoric Posted September 5, 2013 Author Share Posted September 5, 2013 (edited) _ Edited June 24, 2019 by Timoric Quote Link to comment Share on other sites More sharing options...
strickn Posted September 6, 2013 Share Posted September 6, 2013 (edited) Top US industrial market areas at midyear:1,798,445,948 square feet in 62,094 buildings Greater L.A.1,551,754,178 square feet in 45,629 buildings NY Tristate1,146,064,622 square feet in 22,066 buildings Greater Chicagoland1,015,889,237 square feet in 19,663 buildings Delaware Valley (Philly)(986,835,007 square feet in 36,885 buildings Los Angeles County alone)(806,806,921 square feet in 17,096 buildings Northern New Jersey alone)780,024,632 square feet in 20,014 buildings Metroplex652,373,381 square feet in 15,880 buildings North Georgia581,220,887 square feet in 19,663 buildings Bay Area CA558,954,625 square feet in 16,733 buildings Detroit515,196,576 square feet in 16,618 buildings Houston-Galveston(509,053,130 square feet in 12,590 buildings Inland Empire alone)497,125,479 square feet in 11,793 buildings Greater Boston476,790,108 square feet in 12,297 buildings Cleveland-Akron Total flex and warehouse ("industrial") inventory in the US was pushing 21 billion square feet, so these are a really high proportion of the nation's total, right here. Edit: Either that, or they don't do a good job of tracking industrial space outside the major markets. Hmm... Edited September 6, 2013 by strickn Quote Link to comment Share on other sites More sharing options...
strickn Posted September 7, 2013 Share Posted September 7, 2013 What I would prefer is that -- instead of building regional high speed rail from point to point around the Texan Triangle and expanding all our half-dozen international airports quite piecemeal -- we built three legs of rail that met in the middle at a shared airport city. Then our urban zones would be like neighborhoods of a highly specialized metroplex, one with 1,492,162,294 square feet of flex and warehouse; 764 million square feet of office (second in the country) even before Houston's current campus boom comes online; and 913 Msf of retail (also second in the nation). Quote Link to comment Share on other sites More sharing options...
livincinco Posted September 7, 2013 Share Posted September 7, 2013 What I would prefer is that -- instead of building regional high speed rail from point to point around the Texan Triangle and expanding all our half-dozen international airports quite piecemeal -- we built three legs of rail that met in the middle at a shared airport city. Then our urban zones would be like neighborhoods of a highly specialized metroplex, one with 1,492,162,294 square feet of flex and warehouse; 764 million square feet of office (second in the country) even before Houston's current campus boom comes online; and 913 Msf of retail (also second in the nation).That would work...in Sim City 1 Quote Link to comment Share on other sites More sharing options...
strickn Posted September 7, 2013 Share Posted September 7, 2013 DFW Airport added something to its metro neither city had before, and neither was too keen on giving up their petty rivalry for it, either.This holds true today on a larger scale: at that time it was one region and national hub status at stake; now it's for three regions and global hub status at stake.If Houston is a results-oriented city, it should consider that it stands to benefit from holding its economic cards less close to its chest.The East and West Coast metros are too worn out to get their act together and follow suit. Only Texas has the can-do attitude and the resources to make this move. Quote Link to comment Share on other sites More sharing options...
livincinco Posted September 7, 2013 Share Posted September 7, 2013 If Houston is a results-oriented city, it should consider that it stands to benefit from holding its economic cards less close to its chest.OK, I'll bite. What exactly is the benefit of abandoning the #4 and #11 airports in the United States (not to mention four others that are currently in the top 50) to build a larger airport from ground up 200 miles from any major city? 1 Quote Link to comment Share on other sites More sharing options...
Urbannizer Posted September 8, 2013 Share Posted September 8, 2013 New Chron article about the office market in Houston:http://www.houstonchronicle.com/business/columnists/sarnoff/article/With-office-market-in-overdrive-is-there-a-stall-4794325.php Quote Link to comment Share on other sites More sharing options...
Timoric Posted September 9, 2013 Author Share Posted September 9, 2013 (edited) - Edited July 8, 2019 by Timoric Quote Link to comment Share on other sites More sharing options...
strickn Posted September 9, 2013 Share Posted September 9, 2013 I get the information from the complexity scientists at the Santa Fe Institute (santafe.edu), so if y'all don't trust the holy faith (literal translation), y'all might look elsewhere. When you lump together buildings, as this thread has done, not a lot happens except perhaps in the scale efficiency of providing utilities to them. But when you lump together families into a larger labor pool, their total factor productivity rises or scales more quickly than in proportion. It is easy to picture, for instance, if the boroughs of New York at once kept their populations but weren't connected in any way, that their workers would have less opportunity to make things work. It is less easy to picture that the more integrated into a single labor pool all Texans become, the more it will enrich what we do in the future. SFI scientists "empirically demonstrate that there is a systematic dependence of urban productivity on population size, resulting from the mismatch between the size dependence of wages and labor, so productivity increases by about 11% with each doubling in population." Houston plus DFW (never mind Central Texas for the moment) doubles in population, yet I say only 1 in 20 workers would make that real adjustment. If their GDP growth rate tracks double the national average this year like it did in 2012 then we see at least the following outputs in billions per year: 2011 821.7 = 420.4 + 401.3 separately (see Appendix Table 1, pdf p.26)2012 861.2 = 440.6 + 420.6 separately2013 902.4 = 461.7 + 440.7 separately 2011 826.2 together ((sum*1.11) - sum) / 202012 865.9 together2013 907.4 together If one in five of us, instead of one in twenty, managed to make good on opportunity, then we'd be generating $20 billion more, not just $5 billion more, than we will this year. It means if you linked Houston and Dallas-Fort Worth as effectively as Dallas and Fort Worth are linked, you do a lot of good for people -- I think the multiplier justifies helping out Central Texas as well. There has to be some skin in the game for them; when the daily link does not involve the way the rest of the world gets to them, they won't go and meet in the middle as much. So propose a shared aero-core. Yet when we cluster these five largest cities with some skin in the game - even if they only ever integrate 1/20th of the way toward making like the five boroughs - the problem shifts from feasibility to one of revenue capture. You in? Quote Link to comment Share on other sites More sharing options...
strickn Posted September 9, 2013 Share Posted September 9, 2013 335 Msf of retail, Timoric. So yes, our purple and yellow-orange SimCity zones surpass a billion. 1 Quote Link to comment Share on other sites More sharing options...
strickn Posted September 9, 2013 Share Posted September 9, 2013 Medical office is just office space, but hospitals are separate. Not totally sure about laboratory. Quote Link to comment Share on other sites More sharing options...
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