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The Location of Executive Suites and Business Centers in the United States

Peter Byrne, Colin Lizieri and Elaine Worzala ()

Journal of Real Estate Portfolio Management, 2002, vol. 8, issue 3, 255-270

Abstract: Executive Summary. In the 1990s, the executive suites market grew rapidly, responding to changing occupational requirements. Business centers provide tenants with fully serviced space and short leases. This provides flexibility but at a considerable premium to conventional rents. This study focuses on the distribution of executive suites and business centers in the United States. The number of centers in a metropolitan statistical area is found to be positively associated with the size of financial and business services employment. However, over a threshold, negative effects set in, dampening the number of centers found. There is an association between economic structure, economic dynamism and the concentration of business centers.

Date: 2002
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DOI: 10.1080/10835547.2002.12089665

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