Emerging Trends Between Urban and Suburban Locations, by Transwestern
Central Business Districts (CBDs) that have a high concentration of technology companies are creating opportunities for landlords, both inside and outside the urban core, says the 4Q12 Insights+Trends+Opportunities report by Transwestern.
Long work tables that allow employees to work side-by-side have replaced traditional desks and more firms are revamping existing interiors into mobile work stations.
According to the report, there is also an increase in the number of executive suites in major cities to accommodate tech start-ups. In previous economic cycles when venture capital was plentiful, new companies might have committed to a three- to five-year lease prior to having enough employees to fill the space. Now they are opting for temporary locations to manage their unforeseen growth and overhead commitments.
Transwestern research affiliate Delta Associates examines the impact of economic uncertainty on commercial real estate investment and how the recovery should be considered in an investment analysis.
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