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Suburban Office Real Estate Faces a Reckoning

As Demand Continues To Reset, This Property Type May Lose Its Edge
Suburban offices, such as 285 Sobrante Way in Sunnyvale, California, are beginning to feel the force of the same demand dislocation affecting their downtown counterparts. (CoStar)
Suburban offices, such as 285 Sobrante Way in Sunnyvale, California, are beginning to feel the force of the same demand dislocation affecting their downtown counterparts. (CoStar)
CoStar Analytics
March 12, 2024 | 6:27 P.M.

The impact of lower office attendance over the past four years has been especially profound in urban cores. While offices in suburban areas have proven more resilient so far, they are far from immune to the forces affecting their downtown neighbors.

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