blank blank blank blank Rebuilding New York
blank
   Home       
blank
blank blank blank blank
blank blank Our sympathy blank
blank blank blank blank
blank
blank blank blank blank
blank blank

National Real Estate Investor and PRIMEDIA Business Magazines & Media would like to express our deepest sympathies to the families and friends of the victims of the September 11 attacks on our country. Our thoughts and prayers are with you.

blank
blank

blank
blank blank blank blank
blank blank More info blank
blank blank blank blank
blank
blank blank blank blank
blank blank
New locations of displaced WTC tenants

Building Status Update
12/17/01


World Trade Center tenant listing

World Trade Center retail tenant listing

blank
blank

blank
blank blank blank blank
blank blank NREI staff blank
blank blank blank blank
blank
blank blank blank blank
blank blank
Matt Valley
Editor
770-618-0215
E-mail
Steve Webb
Managing Editor
770-618-0253
E-mail
Stephen Ursery
Senior Associate Editor
770-618-0216
E-mail
Cristina Gair
Associate Editor
212-462-3645
E-mail
Jessica Miller
Associate Editor
770-618-0133
E-mail
blank
blank

blank
blank blank blank blank
blank blank Comments and questions blank
blank blank blank blank
blank
blank blank blank blank
blank blank Do you have a comment, observation or question about how the attacks on New York City and Washington D.C. are affecting the commercial real estate industry? Send us an e-mail.

blank
blank

27.5 million sq. ft. of Lower Manhattan office space destroyed or damaged

 By Cristina Gair, Associate Editor

Online Exclusive, Sep 17 2001

Print-friendly format E-mail this information


NEW YORK — Initial Grubb & Ellis statistics indicate that 20% of the downtown Manhattan office market (a total of 27.5 million sq. ft.) was destroyed or damaged by Tuesday’s terrorist attacks.

The World Trade Center bombing destroyed 15.5 million sq. ft. of space. Grubb & Ellis also reported that another 12 million sq. ft. of office space was damaged by debris, building collapses and fires in the aftermath of the attack.

Of the 15.5 million sq. ft. in the World Trade Center area, about 97% (roughly 15 million sq. ft.) was leased at the time of the attack. Of the 12 million sq. ft. believed to be damaged, 11.5 million sq. ft. was leased.

The current available space in Manhattan is about 25.5 million sq. ft., according to Grubb & Ellis, although only a small percentage of this available space may be in the large floor plate format like that found in the World Trade Center and surrounding buildings.

An additional 22 million sq. ft. of vacant space is immediately available outside Manhattan in northern New Jersey, Nassau County, Long Island, Westchester and Fairfield counties.

Office Buildings Destroyed

• 1 WTC; 4.7 million sq. ft.; 4.5 million sq. ft. occupied

• 2 WTC; 4.7 million sq. ft.; 4.5 million sq. ft. occupied

• 7 WTC; 2 million sq. ft.; 2 million sq. ft. occupied

• 5 WTC; 783,500 sq. ft.; 781,000 sq. ft. occupied

• 4 WTC; 576,000 sq. ft.; 561,491 sq. ft. occupied

• 6 WTC; 537,700 sq. ft.; 537,700 sq. ft. occupied

• 1 Liberty Plaza; 2.1 million sq. ft.; 2 million sq. ft. occupied; partial collapse

Office Buildings Damaged

• 2 WFC; 2.6 million sq. ft.; 2.5 million sq. ft. occupied

• 3 WFC; 2.3 million sq. ft.; 2.2 million sq. ft. occupied

• 1 WFC; 1.5 million sq. ft.;1.3 million sq. ft. occupied

• 1 Bank T. Plaza.; 1.4 million sq. ft.; 1.4 million sq. ft. occupied

• 140 West; 1.2 million sq. ft.; 1.17 million sq. ft. occupied

• 90 Church; 950,000 sq. ft.; 950,000 sq. ft. occupied

• 195 Broadway; 875,000 sq. ft.; 676,000 sq. ft. occupied

• 22 Cortland; 668,110 sq. ft.; 556,000 sq. ft. occupied

• 90 West; 350,000 sq. ft.; 335,000 sq. ft. occupied

• 114 Liberty; 69,000 sq. ft.; 69,000 sq. ft. occupied

• 26 Cortland; 25,000 sq. ft.; 25,000 sq. ft. occupied

• 106 Liberty; 18,000 sq. ft.; 18,000 sq. ft. occupied

• 110 Liberty; 6,000 sq. ft.; 6,000 sq. ft. occupied

Source: Grubb & Ellis



© 2008, Primedia Business Magazines and Media, a PRIMEDIA company. All rights reserved. This article is protected by United States copyright and other intellectual property laws and may not be reproduced, rewritten, distributed, redisseminated, transmitted, displayed, published or broadcast, directly or indirectly, in any medium without the prior written permission of PRIMEDIA Business Corp.

 
Print-friendly format E-mail this information
blank
blank blank blank blank
blank blank NREI Newsline poll blank
blank blank blank blank
blank
blank blank blank blank
blank blank
  As a lender, if a prospective borrower were to inform you that a property he is refinancing, purchasing or developing does not carry terrorism insurance, would you:
  approve the loan anyway
  reject the loan
  make loan approval contingent on the applicant fulfilling certain requirements
  other
   
  View Results 
blank
blank

blank
blank blank blank blank
blank blank Other Primedia Business magazines blank
blank blank blank blank
blank
blank blank blank blank
blank blank
Access Control & Security Systems Next
American School & University Next
HomeCare Next
Fire Chief Next
Registered Rep. Next
Rental Equipment Register Next
Retail Traffic Next
Trusts & Estates Next
Waste Age Next
Wireless Review Next
blank
blank

blank
blank blank blank blank
blank blank Industry links blank
blank blank blank blank
blank
blank blank blank blank
blank blank
Building Owners and Managers Association

International Council of Shopping Centers

Journal of Property Management

National Association of Industrial and Office Properties

National Multi Housing Council

Society of Industrial and Office REALTORS

Urban Land Institute

Wall Street Journal

blank
blank

blank
blank