office complex

Companies Move Back To Cities, Abandon Suburban Office Parks

Companies Move Back To Cities, Abandon Suburban Office Parks

How many likely tenants are there for a concrete suburban office complex of 470,000 square feet? The owners of office complexes are having similar problems to the owners of malls, but for different reasons. As shoppers have moved either to ritzier malls or to shipping online, offices have moved back into cities. Both changes leave behind massive buildings or complexes that nobody wants. [More]