Categories Covid19 Impact, Economy, Narrative, Office Market, Original Content

1-Minute Phoenix Metro Office Market Update: Q2 2021

The Metro Phoenix Office Market remains in disarray at the midpoint of 2021.  Companies (small and medium-sized) are coming back to work, signing new leases and getting back to a new normal. Other companies (often large ones) continue to kick the can with short-term renewals, downsizing as leases roll, or trying the sublease market.  The … Continue reading 1-Minute Phoenix Metro Office Market Update: Q2 2021

Categories Narrative, Original Content

NAIOP Arizona Award of Excellence 2020 Goes to…

We are very excited to share with you that Craig has been awarded the 2020 NAIOP Award of Excellence. Only one person in our industry per year receives this distinction. The purpose of this award is to recognize an individual who has made extraordinary contributions to the Arizona commercial real estate market over his or … Continue reading NAIOP Arizona Award of Excellence 2020 Goes to…

Categories Covid19 Impact, Economy, Narrative, Office Market, Office Trends, Original Content

1-Minute Phoenix Metro Office Market Update: Q1 2021

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 … Continue reading 1-Minute Phoenix Metro Office Market Update: Q1 2021

Categories Economy, Graphs, Narrative, Office Market, Original Content

Preliminary Relocation Process

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 … Continue reading Preliminary Relocation Process

Categories Narrative, Original Content

Lease Types and Obligations

In commercial office leasing, there are a number of ways owners charge rent and operating expenses.  We always negotiate how operating expenses are accounted for and charged to the tenant when we work with you on your office lease.  Below is a graphic we created to show the range of lease types and where the obligation resides (with the Landlord … Continue reading Lease Types and Obligations

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