Categories Covid19 Impact, Economy, Narrative, Office Trends

Development Strategies for Maximizing E-Commerce Demand

No matter what sector of real estate you focus on, E-Commerce affects us all.  Its disruption of the commercial real estate world has accelerated exponentially due to COVID-19’s effects on our shopping behavior.  This disruption is forcing property owners, especially industrial and retail,  to re-think how they “maximize” the sites they own.  It’s also spilling … Continue reading Development Strategies for Maximizing E-Commerce Demand

Categories Economy, Narrative, Office Market

1-Minute Phoenix Metro Office Market Update: Q4 2022

The Metro office market continues to trudge along its own path of an extended (up and down, circular) recovery.  Direct vacancy actually decreased slightly to 17.5%, 500 basis points lower than our 20-year average.  Meanwhile, average asking rates actually increased by $0.46/SF per year between Q3 and Q4.  However, net absorption, the most critical indicator of market … Continue reading 1-Minute Phoenix Metro Office Market Update: Q4 2022

Categories Economy, Narrative

Arizona Water Update

A few years ago, I sent out a C2 Voice on the Arizona water situation. I thought I would give an update on the status of water rights as we are now experiencing the first cut in Colorado River water in our history. Here are a few points to know: —Only 36% of Arizona water comes from … Continue reading Arizona Water Update

Categories Economy, Narrative, Office Market, Office Trends

1-Minute Phoenix Metro Office Market Update: Q3 2022

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 … Continue reading 1-Minute Phoenix Metro Office Market Update: Q3 2022

Categories Covid19 Impact, Economy, Narrative, Office Trends, Tech Industry, Top 10 Issues Affecting Real Estate

Top 10 Issues Affecting Real Estate

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 … Continue reading Top 10 Issues Affecting Real Estate

Categories Covid19 Impact, Economy, Narrative, Office Trends

PropTech is Changing Office Space

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 … Continue reading PropTech is Changing Office Space

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