Office Trends

1-Minute Phoenix Metro Office Market Update: Q3 2023

The Third Quarter proved to be another reminder of how challenging these times are for the Metro Phoenix Office market. Net absorption went negative in a big way, at -355,027 SF over the past 90 days.  This drags the year-to-date figure down to -540,940 SF and puts office users on track to vacate more space than they …

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Why Companies are Migrating Back to the Office

The illusion of work from home (WFH) proving more productive than being in the office together, is called out in this great article from The Economist.  The argument against the myth is actually articulated really well.    My simple takeaway is that it’s harder and costlier to collaborate virtually, making job skills suffer.  See below …

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What CEOs are Saying About the Office

We continue to talk about the return to the office in this narrative because it’s at the forefront of our clients’ minds.  The below report from Leesman polled real estate leaders on the state of the workplace following the Covid-19 pandemic.  Here are a few takeaways I found most interesting:   –Almost 40% are planning major changes …

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