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Intellectual Density Quotient
   

Real Estate Statistics

Classification

Low
Rental
Rates

High
Rental
Rates

Effective Avg.
Rental Rates

Vacancy
Rate

Downtown Office
Full Service Rates:
Class A (prime) $15.00 $33.00 $24.00 11.35%
Class B (secondary) $10.00 $14.00 $12.00 24.05%
Suburban Office
Full Service Rates:
Class A (prime) $17.00 $21.00 $19.50 10.31%
Class B (secondary) $12.00 $16.00 $14.00 13.47%
Industrial Space Net
(Triple Net) Rates:
Warehouse Distribution $2.00 $3.25 $2.75 18.26%
Manufacturing $3.25 $7.00 $5.50 9.01%
High Tech $5.50 $10.00 $7.50 10.62%
Retail Space
Full Service Rates:
Neighborhood Service Centers $6.00 $18.00 $12.00 NA
Community Power Centers $12.00 $25.00 $16.00 NA

Source: Pyramid Brokerage Company, Annual Market Overview, Rochester, NY, 4Q 2009

Rates are representative of Monroe County, and are considerably lower in outlying counties of the Greater Rochester, NY Region.

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Brookings Institute deemed Rochester 18th strongest-performing metro area
• Brookings Institute recognized Rochester as the 18th strongest performing city for keeping labor and housing markets stables and posting strong economic activity over the last few years. (June 2010)
One of the Top 20 Tech Cities in the U.S.
• Popular Science ranks Rochester 19th of 140 metropolitan areas in the magazine's "Top Tech cities" rankings. (source Popular Science, March 2005)
Brookings Institute Names Rochester, NY One of the 20 Strongest Metros in US
• A recent Brookings Institute analysis identified Rochester,NY as one of the top 20 strongest metros in the US. The strength of employment and housing prices contributed to our high ranking. (June 2009)



Incentives available in the Greater Rochester Region: