The Rise of Suburban Class A Offices: A New Focus for Institutional Investors

As remote and hybrid work models redefine corporate real estate needs, Class A office properties in suburban markets are emerging as a compelling alternative to traditional urban cores. Once viewed as secondary assets, these properties are now seeing heightened demand due to their location advantages, generous amenities, and the ability to support new workforce expectations.

BALFIN Americas’ recent acquisition of 340 Mount Kemble in Morristown, New Jersey, is a clear example of this shift. The property combines high design standards, wellness features, and strong accessibility—offering a workplace experience that aligns with the expectations of today’s corporate tenants. With over 1,600 parking spaces, dedicated conference zones, a fitness center, and flexible layouts, it stands as a blueprint for what a modern office campus should be.

Investors are increasingly drawn to these suburban hubs due to their competitive cap rates, low vacancy risk when well-positioned, and potential for value-add strategies. In many cases, these properties also appeal to companies seeking cost efficiency and employee retention through more accessible, lifestyle-oriented work environments.

At BALFIN Americas, we view suburban Class A offices as more than just stable assets—they are part of a new era in commercial real estate. These are not just buildings; they are high-performance environments, primed for the future of work.