Phantom space. Can seemingly inanimate buildings grow?

CTRR tracked 50 randomly selected Midtown, Class A and B office buildings and found that almost three out of four (70%) of these properties were significantly larger in 2015 than they had been in 1990.

Over the last decade, building owners reported 42% of the properties to have grown by more than 5%.

Are these reported growth spurts accurate representations of the physical structures? Absolutely not.

For a complete copy of the study, and to find out how re-measured buildings affect tenants, contact Roni Alpert, ralpert@ctrr.net, or call us at 212.684.4400