Categories Covid19 Impact, Economy, Narrative, Office Market, Original Content

1-Minute Phoenix Metro Office Market Update: Q1 2021

The pandemic certainly took its toll on the Metro Phoenix Office Market in Q1.  The numbers tell us it was the worst quarter since the Great Recession (2008): Net absorption (new office space taken by job growth) went negative for the third quarter in a row, at -550,000 SF; sublease space increased at the highest … Continue reading 1-Minute Phoenix Metro Office Market Update: Q1 2021

Categories Covid19 Impact, Narrative, Office Market, Office Trends

The Evolution of Office Space Utilization in the U.S.

Below is an older article (9/2016),  that discusses the evolution of office space.  Why am I sending this now, right after the economy shut down and the COVID-19 pandemic?  Because the points made below can and will show you a couple of key topics that are still relevant when discussing  commercial office design and investment: … Continue reading The Evolution of Office Space Utilization in the U.S.

Categories Covid19 Impact, Narrative, Office Trends

Your Workplace is Changing

The Wall Street Journal article below is a very good summary of what we are hearing a ton these days: How can I make my office more dynamic and experiential?   As we go back to our offices, simply returning to the old, pre-COVID layout with the same furniture and work methods, is not going to cut it when it comes to competing for new … Continue reading Your Workplace is Changing

Categories Covid19 Impact, 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 Covid19 Impact, Creative Office Spaces, Design, Narrative, Office Trends

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 Covid19 Impact, Design, Narrative, Office Trends

Remote Work Isn’t So Great After All

Over the past few months of quarantine, the most asked question my team and I have received has been, “Will there even be a need for office space in the future?”   Short answer: Yes. Below is a great article from the Wall Street Journal that summarizes some of the critical issues facing companies as we … Continue reading Remote Work Isn’t So Great After All

Categories Covid19 Impact, Narrative, Office Market, Office Trends

Goodbye to open office spaces?

I know, we have been sending quite a bit of contradictory information about office space post-pandemic. The situation is extremely fluid and changing rapidly.  Below is an article from National Geographic on this very topic.  The CDC is also sending out new office guidelines (here is another article from the NYT).   IF, and this … Continue reading Goodbye to open office spaces?