Explaining Location Patterns of Suburban Offices

Wayne R. Archer and Marc T. Smith

Real Estate Economics, 2003, vol. 31, issue 2, 139-164

Abstract: Suburban office markets exhibit a pattern of variegated clustering that is little explained by the conventional theories of urban form based on agglomeration effects and the cost of distance. To explain the pattern, this paper introduces industry economies of scale for “Class A” offices. Empirical tests for industry economies of scale are reported, based on data from the office market of Houston, Texas. The models presented, under conditions typical of North American cities in recent decades, imply the patterns of variegated clustering that are observed. They suggest a sequence of clusters, increasing in size and distance from the central business district. Further, they imply the potential for mass movement by tenants from older clusters to new.

Date: 2003
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https://doi.org/10.1111/1540-6229.00061

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