With more people working "flex" schedules, there is demand for convenience, increased work/life balance, and offices that are closer to home and community. The expected vacancy rate gap between the suburbs and the CBD tell the tale. This includes several of our Workspace markets: Seattle, Minneapolis, St. Louis, Kansas City, Fort Lauderdale, Houston and Dallas.

Since the pandemic, professionals have been flocking to the suburbs in search of tranquil communities to work, live and play from. This exodus led to consistent post-pandemic rent growth within a number of suburbs, including four Workspace markets: Fort Lauderdale, Miami, Charlotte and Phoenix. .

The Great "Move" is on. The way people work has evolved, and that has impacted WHERE people work. Closer to home and adding more "life" to work/life balance, new CBRE data highlights these SUBURBAN markets which show the most promise in near-term growth projections. .

Workspace is proud to announce the successful modification and extension of a $1.3 billion CMBS facility in the mists of an incredibly challenging commercial real estate environment. Accomplishing this feat, completed by our experienced leadership team, validates the strength of the suburbs and reinforces our position as the suburban landlord of choice for our tenants across the country.

"Getting this deal done in what many have described as the most challenging real estate market in decades was no small feat and is testament to the underlying strength of our portfolio, the resilience of the suburban office sector, the promise of our pipeline and the capabilities of Workspace’s vertically integrated national platform," said our Co-Founder and CEO Thomas A. Rizk .

For years, Workspace has seen firsthand the demand for convenient, amenities-rich office properties that support a healthy work-life balance close to home. Reinforcing these trends is newly released data highlighting how suburban markets are outperforming central business district by many measures. Read more here: https://bwnews.pr/3XGiEiI .