Categories Economy, Narrative, Office Market, Top 10 Issues Affecting Real Estate

10 Issues Affecting Commercial Real Estate 2017

One thing I constantly stress to my team is that to be successful in this industry, you have to be willing to learn and adapt to the times, or quickly become obsolete and watch your business disappear. As a 20+ year Counselor of Real Estate (CRE), I love our annual top ten issues affecting commercial … Continue reading 10 Issues Affecting Commercial Real Estate 2017

Categories Narrative

Gratitude

In addition to this narrative, I also write a weekly blog called LIFEies, based on the 18 rules from my book The Fantastic Life. This week’s LIFEies discusses the many reasons to give thanks, and how cultivating a thankful heart is one of the biggest advantages we can have in life. You can read that blog here. I’m thankful for each of you … Continue reading Gratitude

Categories Economy, Narrative

Spending Trends in America

One of my favorite movie quotes is from Jerry Maguire – “Show me the money!” And that’s exactly what the below chart does. This very informative chart shows spending trends over the past 75 years in America. Some key points for me:   — Education spending is trending up. Not sure if this is Americans valuing education … Continue reading Spending Trends in America

Categories Architecture, Design, Narrative

Third Space First

You heard it here first (hopefully).  There is a new type of space for companies called third spaces.  Third spaces are places for local people to gather and eat, with areas for creative, cultural, and community activities. This is where ideas and startups are born. If this concept takes off, the next wave of development will need … Continue reading Third Space First

Categories Narrative, Tech Industry

Autonomous Vehicles

If you’ve been following this narrative for a while, you know that one of my favorite topics is how technology is disrupting the world around us. Of all the technology I’ve covered, by far the most exciting development is autonomous vehicles. Almost every major tech company is involved in this technology, from Uber, to Alphabet … Continue reading Autonomous Vehicles

Categories Narrative, Office Market

Traditional Retail is Dead

By next year, 36 million square feet of retail space could be vacated and returned to the market. It’s official – the global landscape of retail is changing and changing rapidly. These changes are driven by a combination of growing e-commerce use and a demographical shift in consumer behavior, which prioritizes experience over tangible goods. … Continue reading Traditional Retail is Dead

Categories Narrative

Is the Pendulum Swinging Back?

As technology has advanced over the past decade, the number of freelance and remote office professionals has increased dramatically. With only an internet connection, employees can work virtually anywhere, and many companies are embracing the perceived benefits (including less money spent on office space) of allowing employees to work remote.However, among this trend, IBM announced a … Continue reading Is the Pendulum Swinging Back?

Categories Economy, Narrative, Office Market

2-Minute Phoenix Metro Office Update: Q2 2017

The second quarter was not quite as busy as the first, but there is still good news as our market slowly (painfully slow) continues to improve.  Vacancy held steady at 18.8% despite new construction, and we continued our streak of continuous positive net absorption (job growth).  We haven’t had negative net absorption since 2009. The pace of … Continue reading 2-Minute Phoenix Metro Office Update: Q2 2017

Categories Narrative, Office Market

Office Lease Checklist

Whenever a client has a problem with their space or lease agreement, 9 times out of 10 we can trace that negativity back to one thing: a communication failure in the original lease negotiation. Leases are unfamiliar territory for many of our clients. Most of the time, they just don’t know the right questions to ask. Below … Continue reading Office Lease Checklist

Categories Narrative

Evolution of Work

If you want to attract top talent, listen to the demands of the workforce. More and more, companies are living by this golden rule, making changes to their workplace to reflect the unique wants and needs of incoming employees.  We’ve discussed this trend in previous narratives, and now we are seeing those changes take shape … Continue reading Evolution of Work

Categories Law Firms, Narrative

Law Firms Get Creative

What are the biggest pressures facing law firms right now? I will give you three I know are on your priority list: 1) Lower costs, 2) Landing top talent, and 3) Automation.   You know how I know? Because law firms are no different than any other business. The law firms we work with are finding some innovative ways … Continue reading Law Firms Get Creative

Categories Economy, Narrative

4 in the Top 20!

The good news keeps coming. Metro Phoenix just landed 4 cities in the top 20 best US cities for finding a job in 2017.  Arizona is open for business.  If you are looking to relocate, or know someone who is, there is no better area than the Valley of the Sun.   Here are a … Continue reading 4 in the Top 20!