Abstract
Increasingly,
corporate occupiers seek more flexible ways of meeting their accommodation
needs. One consequence of this process has been the growth of the executive
suite, serviced
office or business
centre market. This paper, the final report of a research project funded
by the Real Estate Research Institute, focuses upon the geographical distribution
of business centers
offering executive
suites within the US. After a brief review of the development of the market,
the paper examines the availability of data, provides basic descriptive
statistics of the distribution of
executive suites
by state and by metropolitan statistical area and then attempts to model
the distribution using demographic and socio-economic data at MSA level.
The distribution reflects employment in key growth sectors and the position
of the MSA in the urban hierarchy. An appendix presents a preliminary view
of the global distribution of suites.
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