Categories Narrative

The Real Estate Industry & Millennials

Below is a great infographic from UpNest on Millennials and buying residential real estate. Here are some stats that stand out: –25% of all Americans are Millennials (between 18 and 34 years old)–44.2% are minority or belong to an ethnic group—Within 10 years, 75% of the US workforce will be Millennials–75% want to buy (when they buy) a … Continue reading The Real Estate Industry & Millennials

Categories Narrative

47% of Jobs Created by Companies with Under 50 Employees and 9 Other Trends

Want to know a disconnect between Commercial office developers and job creation? Developers are building bigger floorplates while job creation is coming from small companies.    When I got into the business, office floorplates in Metro Phoenix averaged 10-15,000/sf. Today, new construction is looking at floorplates with a minimum of 25,000/sf all the way to 40,000/sf for multi-tenant office … Continue reading 47% of Jobs Created by Companies with Under 50 Employees and 9 Other Trends

Categories Narrative

Work in 2025

In 10 short years, what will work look like? Gensler interviewed four futurists on this topic and below is the outcome. I have highlighted my biggest insights including these: –45% of Millennials are nonwhite. How will that affect the commercial real estate industry? Certainly the retail sector will be turned around as will all marketing campaigns. –How do real … Continue reading Work in 2025