Exposed Ceilings Are Cool But Not Cheap

open office

Exposed ceilings are all the rage, but users pay a price for this look. Most of our clients think it’s less expensive to just demo the ceiling and have a cool open space.  Not so fast.   Here are some of the additional costs that come with an exposed ceiling: – Re-running electrical cabling and HVAC […]

The Legacy of Steve Jobs and Office Space

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Apple moved into their spaceship this year.  I wrote about it while under construction and now you have probably have seen finished photos all over.  If not, here are some. But today’s narrative is not about this inspired headquarters.  Today, I want to talk about Pixar’s headquarters built in the late 1990’s.  The standards of creative office […]

1-Minute Phoenix Metro Office Update: Q3 2018

Q3_OfficeReport

Below is my quarterly take on the Metro Phoenix office market. Readers of this narrative know that I am an office broker who works every day representing Tenants and Landlords as they navigate real estate nuances and opportunities.  I (along with my incredible team) am based in Phoenix but work around the country and internationally as […]

Humans are Underrated

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One trend I actively follow is automation. In 20 years, what jobs will be done by robots? With new advancements in technology, it’s not just the routine data entry and labor jobs that are in danger anymore. Robots can now analyze emotions, perform surgical operations, even drive semi-trucks across the country.  All these developments beg the […]

Working Remotely

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There is such freedom in working remotely.  But, as is the case with everything, there is a dark side.  People who get to work remotely have flexibility and save time from not having to commute. But are these benefits worth the stress? Remote workers also deal with the following:    -          Feeling disconnected from their team.  And […]

The Digitalization of Everything

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Technology is changing everything, from the way we eat and drive, to how we communicate and work. The “digitalization of everything” is changing how we work and therefore the skills we need to do our work.  Brookings produced a study in late 2017 that is highlighted below and here is a link to the full study.  Here […]

The “Coffice”

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In our ongoing discussion about the future of office space, here is a nice stat:  In this cycle, office space users have been taking approximately ½ of the space they took as they grew in the last cycle.  We know why—open office, the explosion of the tech companies and shared space environment and all the […]

Suburban Offices are Back

Suburban offices

First, let me say, I told you so.  I have been saying for some time that the huge shift to urban core will not be sustained.  There are companies that want/need to have that environment so I am still bullish on urban cores, but there are others who will reverse the three-decade trend of moving offices closer and closer […]

2018 Top 10 Issues Affecting Real Estate

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The changing demographics of workers in the U.S. is HUGE and it’s changing everything. This is probably the biggest issue we are facing in office space leasing, and it features predominantly on the 2018  Counselors of Real Estate (CRE)  Top 10 Issues Affecting Real Estate. Below is the release and a link to the full report. I […]

1-Minute Phoenix Metro Office Update: Q2 2018

Q2 2018

Readers of this narrative know that I am an office broker who works every day helping Tenants and Landlords navigate the nuances and opportunities across geographical areas and product types.  I (along with my incredible team) am based in Phoenix but work around the country and internationally as well. We get hired for all kinds […]