Categories Economy, Narrative, Office Market

Investing in Commercial Real Estate

These days, it’s easier than ever to get started in investing. There are apps that let you buy and trade stocks while waiting at the gas station. Real estate, especially residential, has always been an accessible investment vehicle. But these days, even commercial real estate is being disrupted and opening up to the masses, with … Continue reading Investing in Commercial Real Estate

Categories Economy, Narrative

Negative Office Absorption in Our Future

We now believe the national office market will likely have negative absorption for 2020 and, depending on how long the pandemic lasts, into 2021.  Globe Street has a nice overview in the article below my comments.  Here are some of my thoughts on the office sector looking forward into the next year. Why negative absorption … Continue reading Negative Office Absorption in Our Future

Categories Architecture, Design, Narrative

The Creative Process of the Four Pioneers of Modern Architecture

In my business, I get to tour some pretty incredible buildings and spaces. (Check out the narrative I did on World’s Most Beautiful Offices of 2019). I am always fascinated by the creative thinking and precision that goes into designing and constructing buildings and office space to make the culture within the company actually come to … Continue reading The Creative Process of the Four Pioneers of Modern Architecture

Categories Narrative, Office Market

1-Minute Phoenix Metro Office Market Update: Q3 2020

The sandstorm continues. In Phoenix, we call it a haboob.  Uncertainty, again, served as the main theme of the Metro Phoenix Office Market in the third quarter.  Vacancy didn’t really rise that much in the past 90 days.  Rental rates softened only slightly.  Sublease space spiked up again this quarter. We are seeing companies who … Continue reading 1-Minute Phoenix Metro Office Market Update: Q3 2020

Categories Economy, Narrative, Office Market, Office Trends

Top 10 Issues Affecting Real Estate

The Counselors of Real Estate (of which Andrew and I are proud members) have released their annual top 10 issues affecting real estate.  Please read the whole article below.  As you can imagine, COVID-19 is currently leading the way on issues affecting real estate. Big shocker.  We have written about the pandemic a ton in previous … Continue reading Top 10 Issues Affecting Real Estate

Categories Economy, Narrative

Real Estate Tax Breaks and Potential Dangers

As an office broker for 35+ years, I have done my share of corporate headquarters relocations and negotiations.  If you need office space, I am your man.   Part of any negotiation for a sizable relocation can be state and city incentives. The article below from the New York Times talks about companies taking advantage of this … Continue reading Real Estate Tax Breaks and Potential Dangers

Categories Creative Office Spaces, Design, Narrative, Office Trends

This Trend is Likely Accelerating

As we come out of the COVID-19 quarantine, the number one question I am being asked (other than questions about rent deferment or abatement) is “what is this going to do to the office building layouts going forward?”  There are many prognostications and I have prepared my own presentation that I am giving to our … Continue reading This Trend is Likely Accelerating

Categories Narrative, Original Content

Post Lease Execution Thoughts

Congratulations, your lease is fully executed.  Now what?  Most brokerage professionals disappear before the ink on the lease has even dried.  Over time, we have found a number of ways we can help our clients as they transition into the next phases of their relocation or renewal.  We offer guidance and resources that start at lease execution to occupancy … Continue reading Post Lease Execution Thoughts

Categories Creative Office Spaces, Design, Narrative, Office Trends, Uncategorized

C.D.C. Recommends Changes to Office Space

The C.D.C. sent out some “suggested” changes for office space users as we head back into the office.  I wanted to take these suggestions and roll them into what we are seeing our clients do on a practical basis. Additionally, the Wall Street Journal has a nice article on what we know about getting infected. … Continue reading C.D.C. Recommends Changes to Office Space

Categories Narrative, Office Market

1-Minute Phoenix Metro Office Market Update: Q2 2020

Not surprisingly, the Metro Phoenix office market Q2 2020 experienced plenty of highs and lows.  Office leasing slowed, but it did not stop.  Sublease space increased dramatically, but it’s not at an all-time high.  Positive COVID cases declined, then spiked here in Arizona, as they did in much of the country.  We continue to learn … Continue reading 1-Minute Phoenix Metro Office Market Update: Q2 2020

Categories Creative Office Spaces, Design, Narrative, Office Market, Office Trends

10 + 1 Reasons to Measure Office Space Utilization

Last week, I sent a narrative on some new ways we are working with our clients to measure space utilization (click here to read).  I got quite a few responses about the topic from Real Estate facilities people (and a CEO) asking why we would incorporate new measurements into their spaces when they have corporate … Continue reading 10 + 1 Reasons to Measure Office Space Utilization

Categories Creative Office Spaces, Design, Narrative, Office Trends

New Ways to Measure Workplace Utilization

Every day we negotiate office leases. In 2019 alone, our team completed 145 leases. One item we always negotiate is rent per square foot.  As we negotiate this for our clients, we also talk to them about how they could, and probably should, be looking at the rent differently than just per SF.  Recently, we moved … Continue reading New Ways to Measure Workplace Utilization

Categories Architecture, Creative Office Spaces, Design, Narrative, Office Trends, Uncategorized

The Most Outdoorsy HQ Ever

I’ve shared some pretty cool buildings with this narrative over the years, and I’m bringing you another one today. As an avid backpacker for 30+ years, I wanted to share REI’s new headquarters.  This one may be one of my favorites.  REI is a co-op founded in 1938 that sells outdoor gear.  I have been … Continue reading The Most Outdoorsy HQ Ever

Categories Economy, Graphs, Narrative, Office Market, Uncategorized

What is Your State’s Poor Infrastructure Costing You?

Below is an incredible graph.  States have let their infrastructure go to hell and it is costing consumers a ton of money in car damages.  Take a look below to see what your state is costing you.I also pulled cities within the Metro Phoenix market to see what individual cities are costing us. 1—Lack of … Continue reading What is Your State’s Poor Infrastructure Costing You?

Categories Economy, Narrative, Office Market, Office Trends

Most Expensive U.S. Office Submarkets

I messed up.  This is a narrative that edits what I sent over earlier this week. Below is the narrative and orange are my edits.  Sorry for sending incorrect information.  Craig Over the past several years, one of the trends my team has been tracking is the number of California companies that are moving to … Continue reading Most Expensive U.S. Office Submarkets

Categories Narrative, Original Content

The Renewal Process

Just because it’s simple doesn’t mean it’s easy. Negotiating a renewal seems straightforward, but there’s more to it than meets the eye. Our team has developed a unique, four-step process for our clients looking to renew where possible. This process ensures the most competitive transaction terms with the least amount of time and anxiety. The key step in the … Continue reading The Renewal Process

Categories Narrative, Office Trends

Green/Healthy Tenant Amenities

It was simply a matter of time before all office building tenant amenities would consider going green.  Below are some pretty cool ideas for office building owners and tenants wanting be more environmentally-friendly.  My favorite is the Margarita—I mean, smoothie—bike. 🙂  See below for the photo.   What else is coming?   – Balconies and … Continue reading Green/Healthy Tenant Amenities

Categories Narrative, Tech Industry

The Speed of Technological Adoption

We know technology is changing our lives.  What is astonishing to me is the speed of adoption.  The second graph in the below article shows just how fast this is happening with new technology—The lines are almost straight up.  Here is why: Today’s consumers want immediate impact in their daily lives. With cell phones and … Continue reading The Speed of Technological Adoption

Categories Narrative

Brokerage – What We Do Every Day

Managing a national portfolio can be one of the most complex and stressful jobs in our industry. The Coppola-Cheney Group has over three decades of experience leasing office space across the U.S. and Europe for clients.  We compete with national tenant advisory firms and offer unique services that cannot be replicated by these national firms.  … Continue reading Brokerage – What We Do Every Day

Categories Narrative, Office Market

1-Minute Phoenix Metro Office Market Update: Q4 2019

It’s time for us to look back at the Metro Phoenix Office Market for 2019. Readers of this narrative know that I am an office broker who works every day with tenants and landlords as they navigate real estate nuances and opportunities. I (along with my incredible team) am based in Phoenix but work around the country, … Continue reading 1-Minute Phoenix Metro Office Market Update: Q4 2019

Categories Creative Office Spaces, Narrative, Office Trends

Office Space 2020- The Employee Experience- Part 4 of 4

In this final week of my series, I wanted to talk about what companies are doing for their employees.  Yes, we know a few already—meals, bocce ball, corn hole and napping pods all across Silicon Valley.  But what about across the U.S.?  For this I turned to one of our clients and a leader in … Continue reading Office Space 2020- The Employee Experience- Part 4 of 4

Categories Creative Office Spaces, Narrative, Office Trends

Office Space 2020- The Tenant Rules- Part 3 of 4

One of the first lessons you learn when you start representing owners and tenants in leasing office space is that the tenant rules.  They drive everything.  Rates, Tenant Improvements, where buildings get built, what buildings get built — everything.  Deloitte produced a very nice 2020 Commercial Real Estate Outlook (the link to the entire study … Continue reading Office Space 2020- The Tenant Rules- Part 3 of 4

Categories Creative Office Spaces, Narrative, Office Trends

Office Space 2020- Workforce- Part 2 of 4

Today I want to look at the workforce for this coming decade. We are living AND working longer.  I wrote a previous narrative about how five generations of employees are now in the workplace.  Check it out here. What does that mean having five generations in your office?: – We are having to plan for, manage, … Continue reading Office Space 2020- Workforce- Part 2 of 4