Real Estate Advisors – Think. Advise. Act.®
As technology has advanced over the past decade, the number of freelance and remote office professionals has increased dramatically. With only an internet connection, employees can work virtually anywhere, and many companies are embracing the perceived benefits (including less money spent on office space) of allowing employees to work remote.However, among this trend, IBM announced a […]
The basics of commercial real estate are simple. A tenant needs office space. An owner needs to lease their space to a tenant. But once you get into the details of the transaction, things become complicated really fast. A good amount of my time working with clients is spent answering their questions. I even wrote […]
Finally. Maybe? No shot!! Those were my immediate thoughts when I read the below article. The war over office temperatures has been fought for decades. The ability to heat and cool their space for themselves, is one of the biggest issues our tenants have. In Arizona, this is compounded by the heat and sunlight beating on […]
We spend a large amount of time with our tenants talking about the changing workforce, and how to drive change within the company. Below is a great infographic from Forward Tilt and Allsteel on how to do exactly that — drive change. To drive change, you should know some of the myths that are perpetuated, […]
Whenever a client has a problem with their space or lease agreement, 9 times out of 10 we can trace that negativity back to one thing: a communication failure in the original lease negotiation. Leases are unfamiliar territory for many of our clients. Most of the time, they just don’t know the right questions to […]
If you want to attract top talent, listen to the demands of the workforce. More and more, companies are living by this golden rule, making changes to their workplace to reflect the unique wants and needs of incoming employees. We’ve discussed this trend in previous narratives, and now we are seeing those changes take shape […]
I remember in high school (proud graduate class of ’79 Buena High School in Sierra Vista, AZ) my economics teacher Joe Bob Cole told us that the person or company that figured out how to make solar power economical would be rich. Fast forward 38 years (I just felt really old typing that) and guess […]
Q1 2017 was a very busy first quarter! Metro Phoenix office market experienced 800,000 SF of positive net absorption. Annualized, this puts the market on track to absorb 3.2 million SF for the year, and 700,000 SF over our 25-year average. Vacancy in the first quarter essentially stayed flat at 18.9%, due to new building […]
When you start a new job at a new office, what’s the first thing you do? For most of us, the answer is get settled in your workspace. You are assigned a desk, maybe put up a few pictures, stock the drawers with your favorite pens, and meet your neighbors. But this simple act of […]
Months ago, I wrote a narrative on old warehouses becoming indoor farms. (Click here to read.) Now, we are seeing shipping containers being used to grow produce. No transportation costs and no packaging costs are clear advantages of this new way of farming. Here are are few more: - Each 320 sq. ft. box has the growing power to […]