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
Can you “hack” your office space? Or better yet, can it be adapted? Below is a thought-provoking article from Gensler that asks this very question. My short answer is….maybe. Why do I hedge? Because you need to have some fundamentals in place to make it worth the adaptation. Here are the top three fundamentals required … Continue reading Can Office Buildings Adapt
At the Coppola-Cheney Group, we have been waiting for workers to get back into the office since the start of COVID….and now here it is. Companies are making employees come back to the office to work. This isn’t a shock to us because we talk to owners, CEOs, and leaders every day. They want this. … Continue reading Shocker: Workers are Going Back to the Office?
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
We are living in the office space reimaging projects every single day. Where is the office going? There are a lot of articles coming out about the demise of office now. I just picked two so you can see what people on the street are saying. As experts in the office world, what do we … Continue reading Office Building Distress
Location has been the cornerstone of all commercial real estate decisions since the industry began. Location, Location, Location. But with the rise of technological advancements, this sure-fire parameter is being tested. Here are just a few of the trends pushing the boundaries of location: —Remote work. People are working from anywhere and everywhere. This trend … Continue reading Redefining Location
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 … Continue reading Development Strategies for Maximizing E-Commerce Demand
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 … Continue reading Accept the Workplace Change–Flexible Work
Over the past 18-24 months, our C2 Voice has been writing about the systemic change in office space working norms. The Wall Street Journal has printed a piece that does a great job summarizing all the issues that face workers, owners, corporations, and managers (see full article below my comments). There is a war going … Continue reading Why Employees are Clashing with their Bosses on One Issue After Another
The evolution of hybrid work continues as companies move on from the pandemic. While work from home (WFH) satisfies many, the allure of work from anywhere (WFA) may seem like a dream scenario. The article below from The Economist takes a closer look at the realities of completely untethered work. It’s important for employers and Landlords to understand … Continue reading Will Work from Anywhere Work?