Categories Covid19 Impact, Narrative, Office Market, Office Trends

What CEOs are Saying About the Office

We continue to talk about the return to the office in this narrative because it’s at the forefront of our clients’ minds.  The below report from Leesman polled real estate leaders on the state of the workplace following the Covid-19 pandemic.  Here are a few takeaways I found most interesting:   –Almost 40% are planning major changes … Continue reading What CEOs are Saying About the Office

Categories Narrative, Office Market, Office Trends

1 – Minute Phoenix Metro Office Market Update: Q1 2023

The Metro Phoenix Office Market continues to face significant headwinds in 2023.  Net absorption, measured by the net change in physically occupied space, came in at negative 127,468 square feet in Q1. This means the office recovery took a step backward after realizing positive net absorption in the same amount during the last quarter of … Continue reading 1 – Minute Phoenix Metro Office Market Update: Q1 2023

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 Narrative, Office Market, Office Trends, Original Content, Ten on One

Ten on One- Latest Office Leasing Trends

In our latest Ten on One podcast, we spend 10 minutes with John Orsak, Vice President of Development at Lincoln Property Company, Desert Southwest.  John oversees a huge office portfolio in Phoenix, putting him in the market seven days a week. He is in the know in all things office.  Here are a few nuggets … Continue reading Ten on One- Latest Office Leasing Trends

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 Narrative, Office Market, Office Trends, Original Content, Ten on One

Ten on One- California Industrial Market

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 … Continue reading Ten on One- California Industrial Market

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