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 […]

Commercial Real Estate Designations

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  I come from a family of educators.  Both my parents were school teachers.  After getting my bachelor’s degree, I felt the need to continue my education.  Today I have earned my MBA and the three most prestigious designations in the Commercial Real Estate industry: CCIM, CRE, and SIOR.  Andrew has earned the same three designations.  […]

The Rise of Collaborative Workspace

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I have been representing tenants across the US and overseas for 34 years.  As I write this narrative, I want to provide value, spot trends and get business.  If you have a question or need office space, call me.  We would love to work with you.  One huge trend that has had a meteoric rise […]

The Highest Taxed Buildings in America

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In many ways, I am jaded after being in the CRE brokerage business for so long.  Representing office tenants means you get to see just about everything. But I also live in an Arizona bubble most of the time. So I was SHOCKED at the amount of property taxes that the highest-taxed buildings in America […]

1-Minute Phoenix Metro Office Update: Q1 2018

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The long and stubbornly slow recovery continues.  Q1 2018 numbers are out and the Metro Phoenix office market absorbed 686,469 square feet of net positive space, lowering overall vacancy to 19.39%.  We are now into the 8th straight year of positive absorption in office jobs.  Vacancy varies throughout the Greater Phoenix area with a high of 30.5% in the Sky Harbor […]

Underlying Organizational Costs

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The biggest waste we consistently see is clients underutilizing their office space.  Planning for growth that never occurs, thinking you “need” the space for visiting people, and making work areas and offices too big — there are multiple ways that companies waste money. Office space, and even more important facilities, can significantly reduce costs through […]

Businesses are Relocating to AZ

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It’s always warm in Phoenix.  In the summer, we go above 110 degrees on a regular basis. On the other hand, the Phoenix office market continues to move along at a steady pace…like it’s 70 degrees.   BUT, all is not lost.  Many companies are beginning to realize the true cost of having all their […]