Office Buildings and the Role of Downtown in the Polycentric City

  • April 3, 1994
  • • Written by: Wayne Archer Marc T. Smith

April 1994, Vol 19, No 1

Abstract: Urban form has evolved rapidly in the past two decades as economic functions have become increasingly suburban. As suburbanization continues, the role and viability of the downtown is unclear. Using data from Jacksonville, Florida, office building rental rates indicate that downtown building have been a better investment than suburban building in recent years. Therefore, according to real estate market participants, there is a continuing viability for downtown as a unique office center.