Readers of this narrative know that my team and I represent tenants and landlords primarily in the Metro Phoenix area. Every year we see more and more investors coming to us from outside Arizona, and even outside the U.S. Interest in commercial real estate investing is on the rise in the international community, which is …
CRE International Investors Coming to the US and AZ Read More »
The United States and Arizona both continue to recover from the pandemic. Below are two graphs from Elliott D. Pollack & Company showing the percent of jobs recovered and jobs left to recover from the pre-pandemic days here in Arizona. –The good news is that jobs are coming back. –However, we still have a ways …
Over the past year, I have been asked the same question over and over: What will happen to office space users? Will they all just work from home from now on? Will offices ever come back? 2020 showed us that many office jobs can be performed at home, and though I’ve written before about some of the drawbacks of …
The housing market is on FIRE. We are seeing house prices skyrocket across the country, especially here in Metro Phoenix. How hot is it? The median price of a home in the US just hit $329,100. While I’m not in the residential sphere, I’ve been keeping an eye on housing prices and am amazed at …
For over 30 years, I have been telling tenants they should use me and my team to represent them. The first question I need to answer is, why do I need a broker? Below is a graphic we created for people who want to know why they need to engage a broker for their …
The pandemic certainly took its toll on the Metro Phoenix Office Market in Q1. The numbers tell us it was the worst quarter since the Great Recession (2008): Net absorption (new office space taken by job growth) went negative for the third quarter in a row, at -550,000 SF; sublease space increased at the highest …
1-Minute Phoenix Metro Office Market Update: Q1 2021 Read More »
One of the first questions we get asked when we are working with a tenant is how long the process will take…..The answer is usually longer than you think. We created the below infographic to show a sample of our step-by-step process, the time it takes to accomplish and decision makers involved. There is a …
I recently found a great website with some very cool information and graphs on money flow trends and wanted to share it with you. Where has America’s money flowed over the last 5 years? People take their money where they think they will live their best life.Turns out that: –Money is flowing out of California at an incredible …
FANG companies (Facebook, Amazon, Netflix and Alphabet aka Google) are dominating the commercial real estate market—Leasing and Buying. How much? Well, they now own or lease almost 600 MILLION square feet of space!! This is more than all the office space in New York City. Five times more than just a decade ago. Read more …
Today’s graph is messy at first glance. After you read my comments, simply click on the larger version to review in-depth. The colored lines show how fast different technologies have been adapted over time. Here are a few of my thoughts: –In general, we adopt technology pretty rapidly in the US. –Look for the number …
