Posted September 27, 201113 yr Urban Office Momentum Oh, the irony of this image... The U.S. office market has shifted its geographic momentum this year, with central business districts (CBDs) and popular urban corridors recovering better than suburban markets. One significant sign of the improving health of CBDs has been a notable increase in corporations migrating from outlying suburbs to downtown or urban locations. So far this year, major suburban-to-urban office relocations have been announced or are being contemplated in such varied markets as Chicago, Detroit, and Las Vegas, among other places. In Detroit, Blue Cross Blue Shield of Michigan is moving 3,000 workers from suburban Southfield into a downtown office tower. In Las Vegas, online retailer Zappos.com announced it will relocate its headquarters from suburban Henderson to a renovated downtown building. In Chicago, a medical center alliance known as UHC moved downtown from suburban Oak Brook this summer, and Sara Lee—which moved to the suburbs just five years ago—is the latest headquarters company to consider moving back downtown, according to news reports. In addition, scores of companies are choosing to expand in downtowns rather than follow the longstanding, so-called job sprawl migration to the suburbs. In Dallas, technology firm General Datatech announced it would retrofit an old downtown building rather than pursue the less-expensive option of building on a suburban greenfield site. And in some cases, the movement to urban settings even extends to denser, walkable, urban-style suburbs. In Boston, biotech company Biogen Idec Inc. announced it will abandon the outer suburban research campus it opened just a year ago and move back to the inner suburb of Cambridge. “There’s definitely a renaissance in urbanity, and it applies both to downtowns and denser suburban nodes. It really is both,” says Michael Dardick, president of the Granite Properties investment and management firm in Dallas and vice chairman of ULI’s Industrial and Office Park Development Council (Gold Flight). Full article below: http://urbanland.uli.org/Articles/2011/September/SpivakUrbanOffice "You don't just walk into a bar and mix it up by calling a girl fat" - buildingcincinnati speaking about new forumers
July 1, 20159 yr Coca-Cola will move 500 employees from Cobb back to Atlanta http://t.co/6MvIsvgzhJ via @AtlBizChron #AtlStreetcar #BeDowntown #ChooseATL "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
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