A Corporate Downtown Renaissance

Seeing opportunities to purchase cheap properties amid a renaissance in many downtowns, many companies are moving from the suburbs to downtown.

1 minute read

June 14, 2003, 1:00 PM PDT

By Chris Steins @planetizen

"It is a corporate turnaround of a different kind. As many companies continue their exodus from cities to locate headquarters and operations in cheaper-rent suburbs, a growing group are making a U-turn. Seeing an opportunity to grab prime real estate in central business districts of cities -- often on the cheap -- and to take advantage of a renaissance in many downtowns, they are moving from the suburbs to the cities." Examples are provided from: Atlanta, Manhattan, Philadelphia, St. Louis, Oklahoma City, and Milwaukee. [Editor's note: The full text of this articles requires a fee or subscription.]

Thanks to Chris Steins

FULL STORY: Bargain Leases Lure Companies Back to City Business Districts

Saturday, June 14, 2003 in Wall St. Journal

Community / Economic Development United States

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