About Real Estate – Thriving Downtown Fringe Submarkets Redefining Office Markets in Many North American Cities August 25, 2014
By: Masha Dudelzak, Senior Research Analyst, Toronto Research, CBRE and Ross Moore, Director, Canada Research, CBRE
Many North American cities are exhibiting adaptive reuse of buildings in secondary and tertiary submarkets. These renovated and converted buildings frequently compete directly with traditional Class A towers in financial cores. The success of these submarkets is often attributed to the historic character of their buildings, their geographic location, and their traditionally competitive rents.