Below, you’ll find a link to a well-known memo from Trammel Crow that dives into the lessons learned from the real estate market crash in the 1980s. Since our current market is facing another major disruption, I thought it would be appropriate to look back at what mistakes this famous developer made, and what lessons we …
Lessons Learned from the Market Crash of the 80’s Read More »
Every year, The Counselors of Real Estate “CRE” release the Top Ten Issues we face in the world of real estate. The 2024 report has been released and we have some thoughts on it. We face these issues every day and I am sure you have experienced some of them as well whether you work …
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 …
Development Strategies for Maximizing E-Commerce Demand Read More »
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 …
1-Minute Phoenix Metro Office Market Update: Q4 2022 Read More »
It’s no shock that a recent McKinsey study showed that workers want more flexibility in their work. (See below for more) What was shocking is that today 58% of people surveyed are now being offered some flexibility in their work—that is 92 million Americans. This is a structural change in how we work, hire, build …
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 …
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 …
