LOS ANGELES—“The economic recovery is diversifying, and sectorsthat once lagged behind the high-tech industry that favors urbanenvironments are now growing as well.” So says Joaquin deMonet, the founder and managing principal of LosAngeles-based Palisades Capital Realty Advisors.With a track record of executing large equity and debt transactionsin the US and Latin America and for building, operating andmanaging multi-billion dollar real estate businesses andportfolios, de Monet is an expert in hard-to-manage suburban officeassets. GlobeSt.com recently chatted with Monet on the significantperformance of, and outlook for, the suburban office market in2014, among other things.

GlobeSt.com: Istoday's trend toward urban relocation draining the suburbs oftenants?

Joaquin de Monet: Amid all the reportsof companies abandoning the suburbs and moving to downtownlocations, we should not miss out on the significant performanceof, and outlook for, the suburban office market in 2014. Theeconomic recovery is diversifying, and sectors that once laggedbehind the high-tech industry that favors urban environments arenow growing as well. Despite the cultural and social excitement ofthe city core, many suburban markets today are successfullycompeting by offering desirable locations with a low cost of livingand significantly lower rents, where tenants enjoy higher qualitybuildings and free parking. After all, most Americans live in thesuburbs, and, perhaps surprisingly, a majority of us also work inthe suburbs.