The Metro Phoenix Office Market hit a small speedbump in Q3 on the path to recovery. After posting a big net absoption in Q2 of +918,413 SF, Q3 slipped to -81,621 SF. This puts year-to-date net absorption at +532,634 SF, on track to finish well below our 20-year average of 2 million SF. What’s going with …
1-Minute Phoenix Metro Office Market Update: Q3 2022 Read More »
As you might recall, I am a long time Counselor of Real Estate (CRE). This organization puts out some of the most thought-provoking discussions about Commercial Real Estate. The below article is no exception, and is a great summary of the worker shortage, why we have one and what we see going forward. Here are …
The world ebbs and flows…the job market is going from being tight to soft. That is a cycle. The young people who have joined the workforce after 2008 have never seen a recession. It looks like one is coming, meaning many of the jobs they took for granted will disappear. A good article from the …
As you may recall, Andrew and I are a long time Counselors of Real Estate (CRE). Annually the Counselors of Real Estate organization has all the members vote and comes up with the most interesting and comprehensive list of Issues in our business. The 2022-2023 Top 10 Issues Affecting Real Estate report came out last …
The Inland Empire of industrial market is MASSIVE. It is estimated that 40% of all distribution to the US comes through the two ports located in Southern California. We spent ten minutes talking Inland Empire with Jeff Huberman, one of the top industrial brokers in California. What did we learn? –These ports are the gateway to …
New York City lost hundreds of thousands of people last year — around 3.5% of its population gone in one year. In fact ALL cities with populations more than 1 million saw people move out, with the exception of Phoenix and San Antonio. The pandemic saw thousands of people reevaluate their lives and make the …
Everyone is talking about the looming recession. While I personally think it’s likely to hit in 2023, no one seems to be talking about how it could bring people back to the office. The article below discusses the reasons why a recession will lead to remote workers heading back into the office. Layoffs are coming (actually, they’re already here), and unemployment …
Want to understand how employees really feel about the hybrid workplace? Microsoft has put out a fantastic report called the 2022 Work Trend Index Annual Report. An independent research firm conducted a survey with over 31,000 full-time and part-time works across 31 worldwide markets. This report also used valuable data from LinkedIn and Microsoft 365. Here are …
The Latest Insights and Stats on Hybrid Office Work Read More »
Office space is changing dramatically right in front of our eyes. In this Narrative, we have talked about work from home, flex time, and how office space is becoming more experiential. Today I want to talk about another area: PropTech. The article below from prommodo is titled: The Coming Tsunami of PropTech. Proptech companies are showing up at …
We’re excited to bring you something brand new today. The first episode of our new video podcast, “Ten on One.” This new video format will feature a ten-minute podcast on one timely topic at a time. We promise to deliver: — Relevant, timely information — No BS — A summary of key takeaways Trust us, it will …
