While 2016 might just be getting started, this year's most important office markets are already coming into view. Whether you're looking for low costs, high growth or a highly skilled workforce, if your company is looking to expand, here are some cities to consider carefully when looking to lease office space.
2. San Diego, CA
While San Diego might be viewed as a desirable city from a
lifestyle perspective, its business bona fides are even more
compelling than its average
temperature in January.
San Diego is home to one of
the most capable work forces
in America. With higher
education and high-tech military jobs driving the economy, if you
are looking for space for health sciences or for high tech, San
Diego is a top office market. Office space availability is tight --
even with Qualcomm, the market's major tech employer, cutting
jobs -- but San Diego's advantages make it an important market
to consider even so.
1 www.reoptimizer.com
3. Atlanta has been one of
the top office markets in
many ranking systems for
multiple years, and with
good reason. It offers a
comprehensive package of benefits that few markets can match.
Like other Southern metropolises, Atlanta has relatively low rents
and costs of doing business. At the same time, it offers scope and
size to rival global cities. Businesses continue flocking to Atlanta
due to its large workforce's broad range of skills while they stay for
the commerce-friendly climate. Atlanta also enjoys the world's
busiest airport and excellent connections to rail and road.
2 www.reoptimizer.com
Atlanta, GA
4. Austin, TX
Texas's weird capital (or capital of weird) is actually a very rational
choice as a destination for your company. Like other Texas office
markets, Austin offers low taxes, reasonable rents and a relatively
business-friendly climate. Rather than being an oil-based
economy, though, Austin is a government and education town.
With its highly capable workforce, it has grown into a center for
technology and other industries.
3 www.reoptimizer.com
5. 4
Charlotte, NC
www.reoptimizer.com
More than the home of
NASCAR, Charlotte
remains a major
financial center. Like a
smaller Atlanta, though,
it also offers low rents, low cost of living and a major global hub
airport. Unlike many sprawling cities, though, Charlotte is of
manageable size. Furthermore, growth both in the Uptown
urban core and in nearby alternative suburban "downtowns"
like Ballantyne, are drawing Millennials to the city who prefer a
car-less lifestyle.
These four office markets all represent highly desirable and
often overlooked areas. Most of them are also "18-hour cities."
6. 5
The trend towards smaller cities stealing the spotlight from the
largest global gateway cities was first identified by the Urban
Land Institute last year. This trend is likely to continue in 2016 in
these office markets and others.