The Metro Phoenix Office Market is in the midst of a recovery. Ok, a slow one BUT still a recovery. Net absorption, the net increase in physical office space occupied, and THE key market indicator, bounced back in a big way in Q2 at 913,413 SF. In Q1 it had slipped to a – 55,390 … Continue reading 1- Minute Phoenix Metro Office Market Update: Q2 2022
I’ve said it before and it continues to be true: Companies are moving out of California in record numbers. This migration is happening for a myriad of reasons. –rising business costs (taxes, energy, utility costs, etc.) –worker comp litigation and cost issues –cost of talent –cost of simply living The list goes on. Below is … Continue reading CA Companies Moving Out
It seems like every year there’s new research regarding office space layouts. There have been tons of studies on office layout and how they can help make employees happier and more productive. Below is a great study that surveyed employees at the end of 2019 to find out what they really think about their office … Continue reading Happy Employees
One huge area of change over the past decade is the amount of amenities tenants want and are now demanding. The competition for tenants remains fierce so landlords are providing more of amenities in their office buildings. The race to provide amenities got so heated over the last few years, we actually created an Amenity … Continue reading Building Amenity Checklist
Have you figured out how your office will look in 2022 and beyond? Below is cool, quick article from Fast Company illustrating some of the changes happening in the office. Yes, they do mention some pretty big tech names, and we don’t all have the same construction budgets as Salesforce, but there are some great ideas … Continue reading Back to the Office, Differently
Considering how many companies have opted to allow employees to work from home since the pandemic, it’s good to know that many are still investing in workplaces, creating designs that are not only aesthetically pleasing but with features that are beneficial for the employees and the environment. The list below features multiple workplace designs from … Continue reading The World`s Best Workplace in 2021
The pandemic has created some new trends (mask wearing, expanded home delivery, ghost restaurants, etc.). That said, there has been even more acceleration of existing trends including last mile logistics, flex work schedules, and the rise of second-tier cities like Phoenix. Second-tier cities are growing like crazy and drawing the notice of institutional investors as well … Continue reading Second-Tier Cities Thriving
Lee & Associates corporate just released a nice summary called 7 Things to Know About Commercial Real Estate — a national overview of what you need to know about the market going into 2022. Here are my takeaways: –Industrial is ROCKING. And it will continue in 2022. –Multi Family is ROCKING (and has been for … Continue reading Commercial Real Estate in 2022
2021 has been a wild and crazy year for everyone. We are proud of the work we did this year especially with the uncertain circumstances in the office market. Our clients have been amazing and we are grateful for each of you who worked with us this year. We spent 2020 locked down in Arizona….NOT … Continue reading 2021 Holiday Video–Our Travels this Year (1 minute 57 seconds)
A few weeks ago I wrote a narrative about rankings, and what I look for in markets where I believe companies will thrive. I posed four questions to ask with the number one question being: Is the market growing? Below is a great article from the Washington Post on where America is growing by new land … Continue reading Where America’s Developed Areas are Growing?