I come from a family of educators. Both my parents were school teachers. After getting my bachelor’s degree, I felt the need to continue my education. Today I have earned my MBA and the three most prestigious designations in the Commercial Real Estate industry: CCIM, CRE, and SIOR. Andrew has earned the same three designations. …
I have been representing tenants across the US and overseas for 34 years. As I write this narrative, I want to provide value, spot trends and get business. If you have a question or need office space, call me. We would love to work with you. One huge trend that has had a meteoric rise …
In many ways, I am jaded after being in the CRE brokerage business for so long. Representing office tenants means you get to see just about everything. But I also live in an Arizona bubble most of the time. So I was SHOCKED at the amount of property taxes that the highest-taxed buildings in America …
The long and stubbornly slow recovery continues. Q1 2018 numbers are out and the Metro Phoenix office market absorbed 686,469 square feet of net positive space, lowering overall vacancy to 19.39%. We are now into the 8th straight year of positive absorption in office jobs. Vacancy varies throughout the Greater Phoenix area with a high of 30.5% in the Sky Harbor …
The biggest waste we consistently see is clients underutilizing their office space. Planning for growth that never occurs, thinking you “need” the space for visiting people, and making work areas and offices too big — there are multiple ways that companies waste money. Office space, and even more important facilities, can significantly reduce costs through …
It’s always warm in Phoenix. In the summer, we go above 110 degrees on a regular basis. On the other hand, the Phoenix office market continues to move along at a steady pace…like it’s 70 degrees. BUT, all is not lost. Many companies are beginning to realize the true cost of having all their …
Positive and Steady. That’s how I would describe the Metro Phoenix Office market’s performance for 2017. The market posted its 7th straight year of positive net absorption (net gain in office jobs) finishing at 1.83 million SF. For reference, our 25-year average is 2.5 million SF, and 2016 net absorption reached 2.9 million SF. …
As the wealthiest people in the world continue to grow their wealth, they are looking more and more at Commercial Real Estate for their portfolios. We are now seeing the uber-wealthy put 6-25% of their portfolio into CRE. This is a big trend because the rich are getting richer. Here are a few stats: HNWI’s …
One thing I constantly stress to my team is that to be successful in this industry, you have to be willing to learn and adapt to the times, or quickly become obsolete and watch your business disappear. As a 20+ year Counselor of Real Estate (CRE), I love our annual top ten issues affecting commercial …
The Metro Phoenix office market continued on its eight-year positive course, albeit at a slower pace, for the 3rd quarter of 2017. As any athlete will tell you, a win is a win and all the [market] players will take it. The 216,037 SF of office space absorbed fell short of expectations, however, some large leases were …
