Middle Market Digest: This Week in the South and Mountain Regions

Following the recession, many employers relocated to the urban core, capitalizing on reduced downtown office rents while reinforcing the trend toward urbanization. As the economic growth cycle gained momentum and office rents in core locations recovered, suburban office space once again became a more affordable alternative for many companies. Though lower costs catalyzed a shift in where companies located, tightening labor markets have reinforced the value of locating near the substantial suburban labor force featuring 70% of the millennial population, according to a recent report by Marcus & Millichap. Though many millennials favor an urban live-work-play lifestyle, for many young adults, commute time is also a significant consideration. This is especially true in North Dallas, home of many of today’s most prestigious companies.—Lisa Brown

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