With nearly two-thirds of households already living in the suburbs, demand for suburban office space has been boosted by the prospect of shorter commute times, according to a recent report from Marcus & Millichap. Many suburbs are transforming, now featuring quasi-urban environments with walkability, entertainment, and retail and dining options, which is especially evident in the Dallas suburbs. Suburban office absorption has maintained a vigorous pace during the last six years, pushing vacancy down nearly 250 basis points to 15%, M&M says.—Lisa Brown