Economy

Development Strategies for Maximizing E-Commerce Demand

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 …

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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 …

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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 …

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Top 10 Issues Affecting Real Estate

As you may recall, Andrew and I are a long time Counselors of Real Estate (CRE). Annually the  Counselors of Real Estate organization  has all the members vote and comes up with the most interesting and comprehensive  list of Issues in our business.  The 2022-2023 Top 10 Issues Affecting Real Estate report came out last …

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