President of AC Client RIDC writes article What Property Owners Outside CBDs Can Do To Attract Expanding Industries for National Real Estate Investor.
“Start-ups and rapidly growing, early stage companies, especially those in exploding new industries like robotics and artificial intelligence, are typically attracted to space that’s centrally located within a city or is near its universities. Nevertheless, city center space is finite and often expensive. While this poses a challenge for young companies that need space that fits both their needs and budget, it presents an opportunity for owners and developers with properties outside central business districts (CBDs). But in order to encourage these companies to move to urban fringe communities and beyond, property owners and developers need to know what their potential tenants might see as positive features and what they might see as pitfalls.”