Anton Troianovski had an interesting article in the Wall Street Journal on how downtown office markets are currently improving faster than suburban office markets.  In part, Troianovski observes, this may be based on the types of businesses that tend to be in the two markets (mortgage companies and home builders in suburban markets, while downtowns tend to be home to government offices and big banks).  

City Photo.jpgBut he also notes that a possible “secular shift is under way in the American workplace” because younger people want to work in downtown markets.  Downtown Denver is specifically mentioned in this article as a beneficiary of this trend.  Whether this trend continues as the job market solidifies over the coming months and years will be worth watching.

Photo by paul (dex) (flickr)

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Photo of Chris Toll Chris Toll
Chris Toll works with a variety of clients on their real estate needs in Colorado and throughout the United States. Many of these clients are involved in either existing projects or buildings that are still in the construction process. Chris spends much of
Chris Toll works with a variety of clients on their real estate needs in Colorado and throughout the United States. Many of these clients are involved in either existing projects or buildings that are still in the construction process. Chris spends much of his time leasing, purchasing and selling real estate of all types, including office, retail, and industrial properties, as well as multifamily and hotel assets, raw land. As part of his practice, Chris also negotiates joint venture agreements for ventures that will own, develop and operate real estate projects.