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
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
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
2015 was another great year for our team. Please see below for a recap of our year by the numbers. As we head into our 25th year at Lee & Associates Arizona, we are excited about new opportunities and blessed to have great clients. Thank you for being a part of our future. Craig 602.954.3762 ccoppola@leearizona.com P.S.- In … Continue reading Coppola-Cheney: A Review of a Strong 2015
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