Urban Islands: The Rise Of The Live-Work-Play Districts In The Heart Of Suburbia

During the current economic cycle, metros across the nation have seen of a new type of development emerge. These developments feature mixed-use, urban-esque environments that emphasize density and walkability, in a suburban setting. Remarkably, these developments experience significant pre-leasing activity, at rental rates closer to urban, infill development, than their suburban neighbors. In Atlanta, office space in these developments outpaces next-door developments by as much as $10 per square foot, a 35% premium in what has historically been a tenants’ market. What is driving this phenomenon?

Published: Feb 21 | 2018 Download