Since the early days of the pandemic there has been talk about companies favoring suburban investments over urban ones and shifting their workplace strategies to the suburbs in a hub-and-spoke model. At least one survey from Seyfarth suggests that this strategy may be coursing in a new direction.
In the survey, Seyfarth asks respondents if their companies will shift their investment sights to suburban markets and relocate all or part of their workforce to other states. A vast majority, 67%, said no, while 23% are shifting their investment sights to suburban markets. Only 2% were moving their workforces to other states.
Also, a large number of respondents, 39%, see urban multifamily recovering faster than any other CRE product type.
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
