These are the crazy times in CRE. I have been leasing office space for 38 years and have NEVER seen the discrepancy in Office vs Industrial so great. It’s a tale of two markets for sure. Below, find a list of Office and Industrial buildings under construction as of Q2 2022. The difference between Office … Continue reading Office vs. Industrial 2022
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
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
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
The Metro Phoenix Office Market is in the midst of a recovery. Ok, a slow one BUT still a recovery. Net absorption, the net increase in physical office space occupied, and THE key market indicator, bounced back in a big way in Q2 at 913,413 SF. In Q1 it had slipped to a – 55,390 … Continue reading 1- Minute Phoenix Metro Office Market Update: Q2 2022
I’ve said it before and it continues to be true: Companies are moving out of California in record numbers. This migration is happening for a myriad of reasons. –rising business costs (taxes, energy, utility costs, etc.) –worker comp litigation and cost issues –cost of talent –cost of simply living The list goes on. Below is … Continue reading CA Companies Moving Out
It seems like every year there’s new research regarding office space layouts. There have been tons of studies on office layout and how they can help make employees happier and more productive. Below is a great study that surveyed employees at the end of 2019 to find out what they really think about their office … Continue reading Happy Employees
One huge area of change over the past decade is the amount of amenities tenants want and are now demanding. The competition for tenants remains fierce so landlords are providing more of amenities in their office buildings. The race to provide amenities got so heated over the last few years, we actually created an Amenity … Continue reading Building Amenity Checklist
Have you figured out how your office will look in 2022 and beyond? Below is cool, quick article from Fast Company illustrating some of the changes happening in the office. Yes, they do mention some pretty big tech names, and we don’t all have the same construction budgets as Salesforce, but there are some great ideas … Continue reading Back to the Office, Differently
Considering how many companies have opted to allow employees to work from home since the pandemic, it’s good to know that many are still investing in workplaces, creating designs that are not only aesthetically pleasing but with features that are beneficial for the employees and the environment. The list below features multiple workplace designs from … Continue reading The World`s Best Workplace in 2021