One of the key questions about the effect of coronavirus on the office outlook is the potential shift towards the suburban market. Suburban office space acquisitions have been on the rise since 2017, but this trend may pick up as a result of social distancing and increased opportunity to work from home (see the July 2020 Commercial Market Insights report).
The increasing trend towards suburban office development may continue for two reasons: the price differential and the potential movement of people to the suburbs which offer more affordable housing and more space which has become a valuable commodity in the age of social distancing.
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