So-called "urban suburbs" are a lone bright spot for office landlords, according to the Yardi Commercial Edge National Office Report.

Now that more workers are facing the reality of returning to the office, many, especially young ones, are looking for walkable and amenity-rich suburban neighborhoods that can support new mixed-use developments, said Yardi's Evelyn Jozsa.

Commercial Edge said that commute times are the most significant factor affecting the decision to return to the office and that workers would choose the suburbs over an urban setting because of it.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

National
Net Lease
Office
Midwest
Northeast
Southeast
West