In the last decade, suburban office spaces have been gaining in popularity due to a variety of factors, including lower overall costs, easier commuting for employees and the availability of developable land.<\/p>\n
The COVID-19 pandemic has also contributed to this trend as some companies may be looking for lower-density offices in suburban areas until it’s possible to safely return to normal. As a result, even though offices in central areas will probably keep their central status in the CRE market, the importance of suburban offices stands to increase even further.<\/p>\n
To track their evolution, we reviewed the distribution of total office space in suburban areas<\/strong> \u2014 regardless of whether it is owner-occupied, leased or available \u2014 and divided the markets into several top five lists:<\/p>\n For details, hover over markets on the interactive map below and use the sliders on the left to select markets in a certain range.<\/p>\n\n
