ABSTRACT

Suburban office park development in America has cooled considerably from the heady expansion days of the 1980s and 1990s. The bursting of the dot-com bubble and fluctuations within the US economy have led to market saturation in many regions of the country; the suburban office market is now seeing only anemic growth nationally after three years of steady vacancy rate increases. Within this lackluster context, one promising trend within the suburban office market is the rise of office space integrated with a mix of other uses in new suburban “town centers” or walkable “urban villages.” This movement reflects a growing demand that office workers be more readily connected to a range of daily activities outside the workplace.