Many employers, hoping to attract millennials as they age, are trying to marry the best of urban and suburban life, choosing sites in or near suburban communities. “What’s desired downtown is being transferred to suburban environments to attract a suburban workforce,” says Scott Marshall, an executive managing director for investor leasing at CBRE Group.
A great example of the growing trend to move the workplace closer to home is the master-planned community of Summerlin® where many companies, large and small, are moving from the Las Vegas Valley’s urban centers to suburbia where employees have access to walking trails, parks and golf courses – not to mention proximity to a wide variety of living opportunities that will significantly reduce commute times.
“The suburbs are the new city,” said Kevin T. Orrock, president, Summerlin, The Howard Hughes Corporation®. “Every year, more professional services firms and major companies are choosing to put down roots in communities like Summerlin. Downtown Summerlin®, with a plethora of restaurants - from quick service to fine dining, along with retail and entertainment, has made Summerlin even more appealing to businesses seeking to improve the quality of workplace by giving employees more access to the same amenities that enhance quality of life at home.”
Case in point are two major law firms well known in Las Vegas. Ballard Spahr recently moved to the top floor of One Summerlin, the first Class-A office building in Downtown Summerlin; and Greenberg Traurig LLP will soon occupy the top floor of Two Summerlin, the second Class-A office tower at Downtown Summerlin now under construction and scheduled for completion this summer. Both law firms made the decision to leave areas of the valley traditionally considered as centers of business for brand new buildings in the suburbs.