The suburban office market`s big year

Suburban office landlords in 2019 gained back all their tenant losses from the year before and then some, a critical bounceback for a market trying to recover from a wave of corporate defections over the past decade.

Capping off the best year for suburban office demand since 2015, companies moved into more than 340,000 square feet of offices during the fourth quarter, according to data from real estate services firm Jones Lang LaSalle. The surge in net absorption, which measures the amount of space leased and occupied compared with the previous period, pushed down suburban office vacancy to 22.1 percent at the end of 2019 from 22.5 percent at the end of the third quarter, JLL data show...

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RSK: Yes outdated buildings are much harder to fill however, price per sq. ft. will enter the picture at some point.