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).
But 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)