TABLE OF CONTENTS

Introduction

Mission Statement

Premise

Executive Summary

Market Supply and Demand Assessment

Barriers to New Office Development in New York City

Preparing for the Future: A Commercial Development
Strategy for New York City

Part 1: Removing Citywide Barriers to Office Development

Part 2: Creating Three New and Expanded Central Business Districts
The Expanded Downtown Brooklyn Central Business District
Long Island City Central Business District
The Far West Side Central Business District

Part 3: Making Room for High-Growth Industries
Real Estate Development for Biotech Growth
Real Estate Development for Technology Growth

Part 4: Ancillary Business Districts

Part 5: Accommodating the Real Estate Needs of the
City's Existing Manufacturing Industries

Appendix A: Annual Average Vacancy Rates and
New Construction Completions in Manhattan, 1980-2001

Appendix B: Alternative Build-out Scenarios for a Long
Island City Central Business District

Appendix C: Map of Potential Development Sites
Around Jamaica Station

© 2001 Group of Thirty-Five