The Rise of the “Urban-Suburban” Office Market
VTS – Blog
While the focus has been on the U.S. downtown office market and its recovery for the past several years, it’s time for the suburban office market to step into the spotlight as it continues its comeback. In fact, suburban office construction dominated activity in 2017 and there are no signs of a slowdown in 2018. Overall, developers delivered 48.9 million square feet of new office space in 2017 — the largest amount since 2009 according to CBRE’s new office report. Suburban markets accounted…