Office Market

Metro Phoenix Office Market….A Look Back and Some Projections for the Next Decade…A 6 Part Series (#5 Today) – Looking at Class A vs. The World

For our last comparison, we will take a look at Class A office vs Class B and Class C office.  How has size, pricing, and sales volume changed within the past 20 years? Class A has been the darling of all office space for the past two decades, which makes sense when you think about …

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Metro Phoenix Office Market….A Look Back and Some Projections for the Next Decade…A 6 Part Series (#4 Today) – Looking at Chandler/Deer Valley

Today, we want to look at a rising star submarket for Metro Phoenix: The East Valley.  Specifically, we want to show you how much Chandler has grown. At the same time, we are also going to look at Deer Valley in the Northwestern Valley.  Chandler will be a strong submarket for the next decade while …

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Metro Phoenix Office Market….A Look Back and Some Projections for the Next Decade…A 6 Part Series (#3 Today) – Looking at Scottsdale

Last week, we talked about Phoenix’s Central Business District (CBD) and all the challenges that office building owners face in these submarkets.  Today, we go to the shining star over the last 20 years: Scottsdale. Scottsdale is known as one of the most livable cities in America. Click here to find out why! While it’s a great place to …

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Metro Phoenix Office Market….A Look Back and Some Projections for the Next Decade…A 6 Part Series (#2 Today) – Looking at the CBD

Last week, (week 1 of my 6 week series), I analyzed the overall Metro Phoenix office market.  Now, let’s spend a couple weeks looking at some key submarkets within Phoenix, analyzing their past and looking ahead to their future. Today, we are going to look at the Central Business District (CBD) which includes Downtown and Midtown.  …

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Metro Phoenix Office Market….A Look Back and Some Projections for the Next Decade…A 6 Part Series (#1 Today)

Office space is in the middle of a massive disruption: Offices Around America Hit a New Vacancy Record.   For over 40 years and 4,000 transactions, we have been guiding our clients on their office space needs. In late 2023, I did a series on the various types of repurposing where I reviewed five different types and the pros …

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For Review 1-Minute Phoenix Metro Office Market Update: Year End 2023

The Metro Phoenix Office sector had a tough 2023, ending the year with overall  negative net absorption for the first time since 2010.  This is concerning, but there is a silver lining in Q4 that stopped a three-quarter losing streak of negative absorption. Q4 2023 saw 68,616 SF of positive net absorption, however not enough …

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Coppola-Cheney Recent Transactions in a Challenging Market

Over these past 90 days, C2 has been executing transactions – and a lot of them!  Whether the market is falling or thriving, we still perform.  With 33 transactions in just the last 90 days, we are completing deals every 3 days….come hell or high water (or a tough office market).  This quarter, 25% of our transactions …

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SUMMARY: Converting Office Buildings to Different Uses (Last of Our Series)

To finalize our office conversion series, I want to summarize the growing interest in office conversions based on the market forecast with some global takeaways. 1. The best use for any office building will ultimately depend on the existing office building. NAIOP came out with a great report  (You can read a full report here) that …

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