Suburban Office Growth Outpaces Urban

Petra Durnin is the director of research and analysis for the Southern California market at CBRE.

LOS ANGELES—Like other commercial real estate sectors, millennial migration to urban markets has been the overarching trend in office, and as a result, office investors have largely focused on urban office product. A new report from CBRE may reveal missed opportunities in suburban markets, however. The research shows that growth in Southern California suburban markets, like the Inland Empire, have outpaced core markets, including Los Angeles and Orange County, and vacancy rates are dropping to pre-recession lows. To find out more about the growth in these markets, we sat down with Petra Durnin, head of research and analysis for Southern California at CBRE, and VP John Bibeau.

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