Original post www.BisNow.com | Re-post Cawley Chicago 5.16.17
The past two years have seen a steady resurgence in suburban commercial real estate. But that rebound has not followed any traditional patterns and, depending on the submarket and asset class, can be almost unpredictable.
Origin Investments vice president of acquisitions Tom Briney has been predicting another 18 months in this upmarket for the past 18 months, and yet the suburbs continue to exhibit organic growth that runs counter to the “migration to the CBD” headlines. Briney said net absorption in the suburbs has outpaced the central business district from 2011 through last year, and he feels that is the foundation of a pendulum swing that will particularly benefit trophy assets.