Suburban locations in Austin see higher rates of visitation
- Suburban office locations have continued to gain popularity, with visitation reaching 64.5% of prepandemic levels by 2024, outperforming urban office areas by 16%. This shift began in 2021 and reflects a growing preference for offices closer to where many employees live.
- Suburban offices offer convenience and flexibility, catering to professionals with established families or those who no longer want to commute into city centers. While urban office spaces maintain advantages like access to transit and walkable amenities, the ongoing trend towards suburban locations underscores a shift in work-life balance priorities, particularly in the wake of increased remote and hybrid work environments.
- Looking ahead, suburban office submarkets are poised for continued growth as companies recognize the value and are seeking to accommodate employee preferences.
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US-TX-AUS Austin