• Suburban office submarkets with urban characteristics are in the best position to capture occupier demand, and may provide unique opportunities for occupiers to secure space at lower rents and for investors to buy at lower prices in areas that are poised for future growth.
  • These “urban-suburban” submarkets are characterized by live-work-play dynamics, including higher densities of office space, housing and retail, as well as transportation access and other amenities. Examples of established urban-suburban markets that offer many or all of these attributes include the New Jersey Waterfront, Santa Monica in Los Angeles and Palo Alto in the San Francisco Bay Area.
  • Occupancy rates and asking rents in emerging urban-suburban submarkets are typically on par with the broader suburban markets in which they are located, while established submarkets tend to outperform. Rents in more than 50% of the most established submarkets also exceeded their downtown counterparts.
  • Net absorption and construction activity have been disproportionately concentrated in urban-suburban submarkets relative to their share of suburban office inventory.

Related Case Studies

Learn more about the suburban office landscape in your market. Download case studies featuring a number of U.S. markets below.

Submarket Case Study Suburban Office Trends: Atlanta

Submarket Case Study Suburban Office Trends: Austin

Submarket Case Study Suburban Office Trends: Baltimore

Submarket Case Study Suburban Office Trends: Boston

Submarket Case Study Suburban Office Trends: Chicago

Submarket Case Study Suburban Office Trends: Cleveland

Submarket Case Study Suburban Office Trends: Dallas

Submarket Case Study Suburban Office Trends: Denver

Submarket Case Study Suburban Office Trends: Detroit

Submarket Case Study Suburban Office Trends: Houston

Submarket Case Study Suburban Office Trends: Kansas City

Submarket Case Study Suburban Office Trends: Los Angeles

Submarket Case Study Suburban Office Trends: Louisville

Submarket Case Study Suburban Office Trends: Minneapolis

Submarket Case Study Suburban Office Trends: Northern Virginia

Submarket Case Study Suburban Office Trends: Orange County

Submarket Case Study Suburban Office Trends: Philadelphia

Submarket Case Study Suburban Office Trends: Phoenix

Submarket Case Study Suburban Office Trends: Sacramento

Submarket Case Study Suburban Office Trends: San Diego

Submarket Case Study Suburban Office Trends: San Jose

Submarket Case Study Suburban Office Trends: St Louis

Submarket Case Study Suburban Office Trends: Suburban Maryland

Submarket Case Study Suburban Office Trends: Tampa