Rent assailed by Detroit, Wayne County BY DAVID ASHENFELTER FREE PRESS STAFF WRITER February 27, 2002.

Slides:



Advertisements
Similar presentations
A Move to the City 6th Period English April 8, 2013.
Advertisements

OFFICE MARKETPLACE: Glut keeps rental rates down April 18, 2006 BY JOHN GALLAGHER FREE PRESS BUSINESS WRITER
More Manhattan Shop Windows Are Expected to Be Empty This Year By J. ALEX TARQUINIO Published: January 13, 2009
COMMERCIAL LEASING 101 Cheryl W. Hamm, CCIM, GRI.
Case Study 250,000 square foot suburban office building
© 2013 Pearson.
Revitalization of Downtown Houston The “Out of Towners” Timothy Flusche, Ross DeForrest, Matt Morrison, William Huebner.
Battle is brewing over proposed move of homeless shelter's office BILL LAITNER FREE PRESS STAFF WRITER January 12, 2009
1993 – 2008: The Archer and Kilpatrick Years. Detroit’s reputation took two huge hits in the early 1990’s. In 1991, at the 4 th of July Fireworks at Hart.
Agency Lease Cost Analysis State of Mississippi Faculty Bill M. Brister, Ph.D. Joe Donovan, MBA Analysts Russell Morrison, MBA Annette Fortman Vise, MBA.
Owners could lose 10,000 properties Wayne County looking for overdue tax payments today BY ZACHARY GORCHOW FREE PRESS STAFF WRITER
How high can heating bills go? Brace yourself January 26, 2005 BY SUSAN TOMPOR FREE PRESS COLUMNIST
City of Bryan Budget Presentation July 24, 2012 Presented by: Patrick C. Corley Associate Director Brazos County District.
January 20, 2015 City Council Meeting. Purpose Council direction on moving forward with: Housing linkage fee in short term based on 2009 Study and existing.
Harper Woods Public Library/ State Comparisons To The Board of Trustees By Dale Parus, Director September, 2010 A Report Regarding the Harper Woods Public.
Auto woes add to city's budget problems December 30, 2005 BY MARISOL BELLO FREE PRESS STAFF WRITER.
Why we don’t need Socialized Healthcare Shane Nick Steve.
New tax shocks business owners JOHN GALLAGHER FREE PRESS BUSINESS WRITER April 20, 2008
VPISU … this is a time when each of us must reaffirm our sense of common purpose. In times of great stress or grief we need to count on one another, for.
FINANCIAL MANAGEMENT GUIDE © Marin Management, Inc General Accounting Procedures, 7137 Paying Sales Tax to Vendors A. The Purpose of This Policy.
 Downtown (City/Urban) Areas  Neighborhood Shopping Centers  Community Shopping Centers  Regional Shopping Centers  Super Regional Shopping Centers.
Proposed Macomb County budget has a surplus, no tax hikes or layoffs By Christina Hall Detroit Free Press Staff WriterChristina Hall
Real Estate Principles and Practices Chapter 15 Property Management © 2014 OnCourse Learning.
Proposed Amendments for Palomar Airport Center dba Premier Jet Special Workshop/Meeting Palomar Airport Advisory Committee June 14, 2006.
Orange County National Lease Assignment to Orange County National Golf Club LLC Board of County Commissioners Discussion Agenda March 6, 2012.
Staff Meeting Compensation Plan Adopted during the November 11, 2010 Board of Supervisor’s Meeting.
1 MidTown Office Tower former Red Carpet Inn Site Presentation February 12, 2011.
Milwaukee Industrial Market Year in Review 2010 By: Todd J. Delahunt Appraisal Institute – Wisconsin Chapter November 11, 2010 The Nicholson Group LLC.
Full Leasing You will enjoy the horse for 3, 6 or 12 months as if it was you own. You will be responsible for full leasing, insurance, boarding, farrier.
Dearborn Public Schools Transportation Recruitment February 10, 2014 Glenn Maleyko, Ph.D; Executive Director of Staff and Student Services February 10,
Unemployment in Germany In the year 2011 By Sophia Gammerler Quarter 4.
Red Wings New Arena and New Jobs for Detroiters Mohammad H. Bhurgri Wednesday, January Economocs 5520 State and Local Public Finance By: Joe Guillen.
Residents to decide whether to be city CHRISTINA HALL FREE PRESS STAFF WRITER February 17, 2008
SHOW ME THE MONEY Supporting the Operating Costs of a University Center Presented by Laurie McDowell District Director, Edison University Center Edison.
Court Facilities Funding Public Hearing August 25, 2009.
Property Appraiser and Tax Collector Office Space Update August 5, 2014.
Property Appraiser and Tax Collector Office Space Search Update Administrative Services Department February 25, 2014.
Rochester hopes $12 million plan eases parking squeeze Mike Martindale, The Detroit News 11:53 p.m. EST January 18, 2015
Who Wants to Win a Million? 50 : 50 How much do you have to pay up front to come to University?  A: £1000 C: £9000 B: Nothing D: £ £ £1.
Layoffs of 80 jail deputies blocked BY MELANIE D. SCOTT FREE PRESS STAFF WRITER October 25, 2008
Metro Detroit communities want funds for road improvements CHRISTY ARBOSCELLO FREE PRESS STAFF WRITER March 30, 2008 DEVELOPERS VS. TAXPAYERS
FINANCIAL MANAGEMENT GUIDE © Marin Management, Inc General Accounting Procedures, 7181 Collecting and Reporting Sales Tax A. The Purpose of This.
1 Annapolis Handbook Series Baltimore City’s Legislative Office Getting Around Annapolis.
FARMWORKER ASSOCIATION BUILDING BCC Presentation October 02, 2007 BCC Presentation October 02, 2007.
Battle over water system exposes region's rifts JOHN GALLAGHER Free Press Business Writer January 21, 2001
Amid tougher times, spending on payroll soars at Michigan universities DAVID JESSE DETROIT FREE PRESS
CPACE Financing How to finance your next renewable energy project.
The Internet of Things, BYU Buildings. What does it cost to support an office employee?  Office space leasing ($18/sq.ft./year)  Office & data services.
Hudson’s Site Connie Rizzolo Brown Mary Cay Lancaster Lesa Rozmarek Ryan Grabow.
Real Estate Principles and Practices Chapter 15 Property Management © 2010 by South-Western, Cengage Learning.
Macomb County officials debate tax increase BY STEVE NEAVLING FREE PRESS STAFF WRITER November 3, 2008
 Phone answering  Accounting  Website management  Meeting space  Professional address.
Developer appeals Novi tax assessment BY MATT HELMS FREE PRESS STAFF WRITER March 13, 2002.
Master Lease – Stockton City Center 16, LLC City Council/Redevelopment Agency May 10, 2005 Agenda Item 9.03.
Made possible through funding from the Great Lakes Water Authority.
Commercial Linkage Fee Research
Figure 4. Civil rights and labor activist William Lucy (left) of the American Federation of State, County and Municipal Employees surveys the destruction.
Office of student activities & Involvement
Chicago Overall Historical Space Available
OFFICE OF THE CITY CLERK FEBRUARY 26, 2018 ADOPTION OF RESOLUTIONS CALLING FOR A SPECIAL MUNICIPAL ELECTION TO BE HELD IN THE CITY OF PASADENA OF THE.
Chapter 20 Molecular Evolution
Office Space Available
Plus ( NNN, Plowing & Mowing, and Utilities)
Chapter 20 Molecular Evolution
Chapter 7 Protein Structure and Function
Copyright © 2010 Academic Press Inc.
Chapter 1 Basic Genetics
Chapter 20 Molecular Evolution
Copyright © 2010 Academic Press Inc.
Copyright © 2010 Academic Press Inc.
Presentation transcript:

Rent assailed by Detroit, Wayne County BY DAVID ASHENFELTER FREE PRESS STAFF WRITER February 27, 2002

Rent at Coleman A. Young Municipal Center Detroit and Wayne County officials are upset about the high rent they're paying for office space at the Coleman A. Young Municipal Center. Last year, the city and county paid $21.65 per square foot -- double what the county paid to lease the Wayne County Building and three times the average that other tenants are paying for several other Detroit office buildings. The figures are based on a study conducted by the Farbman Group Inc. of Southfield, which manages several office buildings in southeast Michigan.

Farbman Study The Farbman study, completed last month, said it cost the city and county $21.65 per square foot for rent last year, compared with $10.40 for the Wayne County Building. The average rent for nine Detroit office buildings, including the Wayne County Building, was $7.06 per square foot, the report said.

Building Authority Response William Polakowski, the authority's general manager, questioned the study, saying it significantly understates the leases charged by other office buildings. He also said it doesn't take into account the more than $1 million the authority rebated to the city and county in 1999 and 2000, resulting in lower lease rates each year, of $16.74 and $17.44 per square foot. Polakowski said it costs more to operate the municipal center because more people use it than other downtown office buildings.

Excess Rent? City is Paying$21.65 per square foot at the Young Center City is Paying$10.40 per square foot at the Wayne County Building Average Rent for 9 Detroit Office Bldgs $7.06 per square foot The study questioned the need for 54 full-time building attendants – double what would be expected at other office buildings. It also questioned the need for all of the supervisors, electricians, carpenters, window cleaners, painters and others.