We write about the state and future of the office market in The C2 Voice weekly. Because we are on the front lines, we see trends happening as they develop. Today, we want to share a great study that just came out from NAIOP (the main association for Office Developers) that mirrors our perspective but …
Demand for Office Space Expected to Shrink Through Early 2024 Read More »
You have taken all the right steps, 12-18 months before your lease is set to expire you have hired your broker (C2 of course!), identified 2-3 options you are happy moving into, negotiated a great deal with a great Tenant Improvement package and signed a lease. Now what??? It is at this point where most …
We are honored to have been chosen as one of five finalists for Broker of the Decade in Metro Phoenix by CEM Magazine. The winner is determined via vote by the readers. We would greatly appreciate if you could take 30 seconds right now and cast your vote by clicking here (we are third in the …
1-Minute Phoenix Metro Office Market Update: Q3 2021 and a 30-Second Favor to Ask Read More »
I get asked the question all the time: what is the water situation in Arizona? Most of my out-of-state clients are curious about water, how much we have, are we running out, the desert landscape of Phoenix, water levels, etc. Below is a short primer I put together for my readers that answers all these …
Now the messy part with hybrid work begins. Below is an article outlining the conversations we are having 5 times a day right now with our clients. How do we come back to work and what are the rules, office space layouts and long-term consequences of allowing everyone to partially work from home? Here is …
I recently read a fantastic article from the Wall Street Journal on some of the greater effects of remote work. Being an office broker, I of course am focused daily on the office sector, but this article explores much more as this trend spreads throughout urban geography across the US. Some of my thoughts are below: The …
You may have noticed that I’ve spent more time than usual passing along information as it pops up. My job is to make sure you and our clients are on the cutting edge of where office space is going and how it is changing. Due to the pandemic, there is a lot of confusing data …
Reducing Office Space? 74% of Fortune 500 CEO`s Say It`s Likely Read More »
Conflicting views on the future of the office continue to volley back and forth in the media. Below is the NAIOP research division’s latest forecast for office space demand, which they feel will stabilize by the middle of 2022. NAIOP is the largest commercial real estate trade organization in the United States, carrying a relevant …
Readers of this narrative know that my team and I represent tenants and landlords primarily in the Metro Phoenix area. Every year we see more and more investors coming to us from outside Arizona, and even outside the U.S. Interest in commercial real estate investing is on the rise in the international community, which is …
CRE International Investors Coming to the US and AZ Read More »
The United States and Arizona both continue to recover from the pandemic. Below are two graphs from Elliott D. Pollack & Company showing the percent of jobs recovered and jobs left to recover from the pre-pandemic days here in Arizona. –The good news is that jobs are coming back. –However, we still have a ways …
