The Real Deal Miami

Downtown office space fills up, nationwide

December 16, 2010 01:47PM

Nationwide, office space is filling up in downtown areas, while its counterpart in the suburbs remains vacant. “It’s a reversal of what we’ve been seeing in decades,” the Wall Street Journal’s Anton Troianovski says in the video above.
In the 1990s, the vacancy level was higher downtown than in the suburbs, but now downtown is leading the recovery in the office space market. “The downtown office market has stabilized, while the suburbs have lost about 280 football fields worth of space,” Troianovski said, which may be attributed to companies expanding and looking for more office space.