Oh no! The sky is falling in the city. Wait! Now the sky is falling in the suburbs.
As the economy improves, there seems to be a growing concern corporations and companies are fleeing suburban campuses for the urban high-rise. Looking past the trend, these market dynamics foster the ingenuity and moxie of successful building owners and corporations to reposition or repurpose buildings within their real estate portfolio (regardless of location) for relevance in the market.
As an engineer, I see this dynamic as a catalyst for helping real estate owners discover value throughout the region and remain attractive for the next prospective tenant. Over the next couple of months, I will expand on this concept with some examples where repositioning or re-purposing real estate was successful regardless of location: City or Suburb.