Categories Narrative

The Real Estate Industry & Millennials

Below is a great infographic from UpNest on Millennials and buying residential real estate. Here are some stats that stand out: –25% of all Americans are Millennials (between 18 and 34 years old)–44.2% are minority or belong to an ethnic group—Within 10 years, 75% of the US workforce will be Millennials–75% want to buy (when they buy) a … Continue reading The Real Estate Industry & Millennials

Categories Narrative

47% of Jobs Created by Companies with Under 50 Employees and 9 Other Trends

Want to know a disconnect between Commercial office developers and job creation? Developers are building bigger floorplates while job creation is coming from small companies.    When I got into the business, office floorplates in Metro Phoenix averaged 10-15,000/sf. Today, new construction is looking at floorplates with a minimum of 25,000/sf all the way to 40,000/sf for multi-tenant office … Continue reading 47% of Jobs Created by Companies with Under 50 Employees and 9 Other Trends

Categories Narrative

State By State Business Tax Climate

Below are a couple of handy charts. First, a graphic that shows the top 10 and bottom 10 states for taxes. I have also pulled a chart that shows state-by-state comparisons well. Not too many surprises, but here are a few highlights:   –California and New York have the highest taxes. –Arizona is in the middle, ranked 24th. –Texas has been … Continue reading State By State Business Tax Climate

Categories Narrative

Work in 2025

In 10 short years, what will work look like? Gensler interviewed four futurists on this topic and below is the outcome. I have highlighted my biggest insights including these: –45% of Millennials are nonwhite. How will that affect the commercial real estate industry? Certainly the retail sector will be turned around as will all marketing campaigns. –How do real … Continue reading Work in 2025

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