Categories Covid19 Impact, Creative Office Spaces, Economy, Graphs, Narrative, Office Trends

Hybrid Work Messiness

Now the messy part with hybrid work begins. Below is an article outlining the conversations we are having 5 times a day right now with our clients.  How do we come back to work and what are the rules, office space layouts and long-term consequences of allowing everyone to partially work from home? Here is … Continue reading Hybrid Work Messiness

Categories Covid19 Impact, Economy, Narrative, Office Market, Office Trends

The Hottest Office Topic in the Valley

Office subleases continue to prove a hot topic this year. Tenants in the market are eyeing subleases for their great prices, or are using them as leverage to bargain against traditional options. In the Metro Phoenix market, with 100 million SF of office space, we are now showing over 4.5 million SF of sublease now … Continue reading The Hottest Office Topic in the Valley

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

COVID 19 Office Space Changes

This narrative has been talking about changes in office space design, layout, and work flow for the last year. During COIVD-19, I decided to put together a summary presentation of the 10 changes office space users are making as we come out of the pandemic. I have given this presentation live (well, over Zoom) over … Continue reading COVID 19 Office Space Changes

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

Office Space to Compete with Remote Working

I found the below article a nice start to a conversation all of our clients will have over the next year or two. Who will go remote and why should we still have office space?  First, as you will recall from last week’s narrative, as few as 34% of jobs can even be considered remote. … Continue reading Office Space to Compete with Remote Working

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

Hybrid Works Get Messy

“Messy” is right.  Below is an article outlining the conversations we are having 5 times a day right now with our clients. How do we come back to work and what are the rules, office space layouts, and long-term consequences of allowing everyone to partially work from home? Here is what we are telling our clients: … Continue reading Hybrid Works Get Messy

Categories Covid19 Impact, Narrative, Office Trends

Jobs That Can Be Done Remotely?

Over the past year, I have been asked the same question over and over: What will happen to office space users? Will they all just work from home from now on? Will offices ever come back?   2020 showed us that many office jobs can be performed at home, and though I’ve written before about some of the drawbacks of being … Continue reading Jobs That Can Be Done Remotely?

Categories Covid19 Impact, Economy, Graphs, Narrative, Office Trends

Commercial Sales Volume in a Pandemic

There’s no doubt that the pandemic has had far-reaching consequences for industries worldwide. In my business, the pandemic created several great markets (residential development and industrial); a sandstorm in our area of office space leasing (no one knows where we are going yet) and has devastated other segments (retail and hospitality). One other segment that was … Continue reading Commercial Sales Volume in a Pandemic

Categories Covid19 Impact, Narrative, Office Market, Office Trends

Who is Going Back to the Office?

I am still closely watching the work-from-home (WFH) trend that began a long time ago but really accelerated last year when the Covid pandemic first hit. Many businesses are now returning to the office, with optional WFH schedules or reimagined spaces. Every business is handling the return to their office differently, and some have found … Continue reading Who is Going Back to the Office?

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 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 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 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 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

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, 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 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?

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 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

Categories Economy, Narrative, Office Trends

I Got One Right… and I am not happy about it

In 2015, I said this was not a good investment.   In 2018, I said, I couldn’t believe this was still going on.  In April this year, I reiterated this was going to crash….and it finally has.  But that doesn’t mean I’m happy I was right.    What was my prediction?  WeWork (now We Company) was not … Continue reading I Got One Right… and I am not happy about it

Categories Narrative, Office Trends

2019-20 Top Ten Issues Affecting Real Estate – My Annual Take

One of the best parts of being a Counselor of Real Estate (CRE) is the annual debate about what issues are driving real estate.  Boy have they changed over the last 5 years.  For 2019-2020, our organization has come up with a couple issues that you would have NEVER guessed would have been on the top … Continue reading 2019-20 Top Ten Issues Affecting Real Estate – My Annual Take

Categories Narrative, Office Trends

#1 Item for a Superior Customer Experience Strategy

McKinsey did a pretty interesting study on creating a superior customer experience strategy.  As you can imagine, it’s not just the actions of the front-line, customer-facing workers that adds the ‘customer first’ experience to a company, but the executives and strategy as well. The more a company invests in the interests of their employees, the … Continue reading #1 Item for a Superior Customer Experience Strategy

Categories Creative Office Spaces, Narrative, Office Trends

Ready for an office space deep dive?

Sometimes I geek out over office space.  Today’s narrative is one of those just for the interested.  Here is a link to a survey conducted by the National Association of Industrial and Office Professionals (NAIOP). This 50-page deep dive into the topic asks real estate owners and professionals their thoughts on Co-working vs. Building Collaborative … Continue reading Ready for an office space deep dive?

Categories Creative Office Spaces, Narrative, Office Trends, Tech Industry

Gaining a Competitive Edge in Office Buildings

  Below is an interesting article from The New York Times about office landlords seeking a competitive edge in leasing space to tenants.  Our primary market is Phoenix, so when I travel or read, I am always watching out for trends and changes in what owners are doing and what tenants are leasing.  Here are … Continue reading Gaining a Competitive Edge in Office Buildings

Categories Creative Office Spaces, Narrative, Office Trends

Vertical Warehousing

  The entire world is being disrupted.  Readers of this narrative know this.  Here is the latest disruption: vertical warehouses with four stories. Why are these taking off?    –Consumer demand for instantaneous delivery has caused the industry to take a hard look at the “last mile” and seek new ways to speed up delivery. … Continue reading Vertical Warehousing

Categories Creative Office Spaces, Narrative, Office Trends

Building Collaborative Areas vs. Coworking Space

  For those who have followed my narrative for a while now, you might recall that WeWork and the overall rise of Coworking office space has been on my radar for the past few years (Click here to read “Rise of Collaborative Workspace” and here to read “WeWork now a $5 billion co-working startup”).   The market … Continue reading Building Collaborative Areas vs. Coworking Space

Categories Narrative, Office Market, Office Trends, Tech Industry

Why Use a Broker?

Our team handles 50+ tenant advisory assignments every year. Why? We like to think it is because we are really good. But there are many other reasons to hire a broker including: Researching and looking into office space takes up a large amount of time. Do you have the luxury of stepping away from your immediate job responsibilities … Continue reading Why Use a Broker?

Categories Economy, Narrative, Office Market, Office Trends, Tech Industry

Game Changing Trend is Happening Right Now

Each January, I attend Abundance 360 produced by Peter Diamandis. One takeaway this year was how fast driverless cars are becoming a reality. This will happen in our lifetime. Google autonomous cars have over 1,000,000 miles in Palo Alto (click here). Tesla has a new package that will drive your car on the highway (click here) and there are at least … Continue reading Game Changing Trend is Happening Right Now

Categories Graphs, Narrative, Office Market, Office Trends

An Analysis of U.S. High-Rise Construction Activity in This Century

Below is a 2013 article Andy Conlin sent me analyzing high-rise construction in the United States. David Holmes takes an in-depth look at the major economic factors affecting skyscrapers (defined as buildings 18 stories or higher in this article) built since 2000. This timeline would include only one construction cycle and two recessions, but the conclusions are interesting. I’ve … Continue reading An Analysis of U.S. High-Rise Construction Activity in This Century