How Far Out Does Office Rent Drop? We Checked Four States for Suburban Discount on Realmo
Office tenants looking outside a downtown core usually wonder how far they have to go before the rent drops enough to justify the move, and the answer depends heavily on the market. To see where the suburban discount shows up, we followed office listings from the core outward across four U.S. metros using Realmo, a CRE intelligence platform combined with a free nationwide commercial real estate marketplace. We checked the same office category, comparing listing counts, available square footage, and asking rates at each stop along the way.In the office listings we reviewed, moving roughly ten miles from the core cut average asking rates by about 40% in one metro. Elsewhere, going much farther produced a considerably smaller discount. And sometimes the rate went back up as we moved outward.
