#e.23183Tuesday 5:30PM to 8:00PM
March 19, 2013
CM | 1.00

Dinosaurs or Diamonds? Re-Imagining NJ's Suburban Office Spaces

NAIOP New Jersey ChapterNew Brunswick, NJ

Increasingly, people want to work where they can access a diversity of experiences during the work day and after. Some companies are willing to pay a premium of 30 percent or more for "downtown" space to gain access to a young, urban workforce. This urban renaissance, however, may not bode well for the stock of office buildings in outlying suburbs. Indeed, of the 10 largest suburban markets tracked by Jones Lang LaSalle, NJ's suburban office vacancy rate of 25.6 proves the highest.

Are NJ’s vacant suburban office spaces dinosaurs doomed to extinction or diamonds in the rough ripe for re-imagining? What will it take to evolve these properties into dynamic work environments that will meet the needs and wants of today’s employers and the young talent they want to attract? NAIOP NJ's March 19 Chapter Meeting will explore these issues through an interactive panel discussion that will cover the following questions: (1) What opportunities are available for retrofitting and redesigning existing suburban office buildings in order to make them more alluring for the 21st century workforce? (2) How can existing suburban office parks and corporate campuses become more economically and environmentally sustainable? (3) What are some strategies for ensuring that suburban office spaces remain competitive local and regional assets? This program will bring together some of the real estate industry’s top thought leaders, who will surely generate a lively and powerful discussion.

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Instructors:

Brian Whitmer

Thomas Michnewicz

Sam Morreale

Paul Teti

James Hughes


(2 Ratings)


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