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Most Expensive U.S. Office Submarkets

I messed up.  This is a narrative that edits what I sent over earlier this week. Below is the narrative and orange are my edits.  Sorry for sending incorrect information.  Craig Over the past several years, one of the trends my team has been tracking is the number of California companies that are moving to …

Most Expensive U.S. Office Submarkets Read More »

Just because it’s simple doesn’t mean it’s easy. Negotiating a renewal seems straightforward, but there’s more to it than meets the eye. Our team has developed a unique, four-step process for our clients looking to renew where possible. This process ensures the most competitive transaction terms with the least amount of time and anxiety.     The key step in …

The Renewal Process Read More »

I know, we have been sending quite a bit of contradictory information about office space post-pandemic. The situation is extremely fluid and changing rapidly.  Below is an article from National Geographic on this very topic.  The CDC is also sending out new office guidelines (here is another article from the NYT).   IF, and this …

Goodbye to open office spaces? Read More »

Tons of articles, surveys and speculation are flying around the world right now about the potential death of the office.  There seem to be endless arguments to both sides and I get to talk about them daily with clients and colleagues.  The article below explains the true needs for office space better than any article I’ve …

The Chemistry of the Unexpected Read More »

I’ve talked in previous narratives about the pros and cons of the current trend towards open office layouts. Work and how it flows has changed dramatically over the past 5 years.  75+ percent of all office spaces we see built out these days are primarily open.  Companies are trying to make their culture more collaborative. …

Work Modalities Chart Read More »

Back in May 2016, I wrote a narrative on the first solar road in the world (read here).  Looks like I was way ahead of the curve on this technology.  It is still coming but solar power inside a road seems to be a long way off.  This road has been a total flop.  Why? …

Three Years Later, the French Solar Road Is a Total Flop Read More »

The trend of being able to work from home is now here for all of us.  The COVID-19 quarantine has forced the issue.  And according to a detailed study by Nicholas Bloom of Stanford, it’s good business.  Bloom did a two-year study on the effectiveness of working from home.  Below is a nice summary from a …

Working From Home Read More »

After a strong start to the year, COVID-19 has stamped a pause button on the majority of office deals in the market.  Closing out the first quarter, the Metro Phoenix office market absorbed just 310,280 square feet.  This is 25% of Q1 2019’s figure.  Vacancy crept up only slightly by 100 basis points to 16.2%.  …

1-Minute Phoenix Metro Office Market Update: Q1 2020 Read More »

It was simply a matter of time before all office building tenant amenities would consider going green.  Below are some pretty cool ideas for office building owners and tenants wanting be more environmentally-friendly.  My favorite is the Margarita—I mean, smoothie—bike. 🙂  See below for the photo.   What else is coming?   – Balconies and …

Green/Healthy Tenant Amenities Read More »

The last decade (pre-COVID-19) was a lesson in taking the long road.  I remember meeting with a couple CEOs of homebuilding companies every year and hearing the same story from 2009-2012: “Last year was bad but this next year is going to be a lot better.”  This was the message for four straight years.  Multifamily, on …

A Decade of Home Building Read More »

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