Third Space First

Camelback Commons

You heard it here first (hopefully).  There is a new type of space for companies called third spaces.  Third spaces are places for local people to gather and eat, with areas for creative, cultural, and community activities. This is where ideas and startups are born. If this concept takes off, the next wave of development will need […]

Autonomous Vehicles

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If you’ve been following this narrative for a while, you know that one of my favorite topics is how technology is disrupting the world around us. Of all the technology I’ve covered, by far the most exciting development is autonomous vehicles. Almost every major tech company is involved in this technology, from Uber, to Alphabet […]

Traditional Retail is Dead

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By next year, 36 million square feet of retail space could be vacated and returned to the market. It’s official – the global landscape of retail is changing and changing rapidly. These changes are driven by a combination of growing e-commerce use and a demographical shift in consumer behavior, which prioritizes experience over tangible goods. […]

US Apartment Rents are CRAZY

Apartment Rents

Remember what you paid as rent for your first apartment? That first rent payment probably felt like a real dent in your paycheck. But I guarantee you it’s not anything like today’s rents.  Apartments have been on fire for a LONG time this cycle. While I think there is still room for this market niche to […]

Is the Pendulum Swinging Back?

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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 […]

5 Frequently Asked CRE Questions

5 Questions about real estate

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! A Possible Solution to Thermostat Wars

Thermostat Wars

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 […]

Driving Change In Your Office

Allsteel Final

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, […]

Office Lease Checklist

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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 […]

Evolution of Work

Evolution of Work

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 […]