Categories Architecture, Creative Office Spaces, Design, Narrative

World’s Most Beautiful Offices of 2019

I love to write this narrative each year.  Annually, I get to comment on some of the coolest office spaces in the world and also highlight a couple clients we have completed transactions with in the past 12 months.  First is a very cool tenant lounge that Cypress Properties and Oaktree built at Renaissance One. Next, … Continue reading World’s Most Beautiful Offices of 2019

Categories Narrative, Tech Industry

The Big-Data Deluge

Watching and learning outside our industry over the past decade, I have seen how Big Data is taking over.  Well, it’s finally coming to Commercial Real Estate.  How much? Below is a graphic from CB Insights showing the companies and areas they are working on for creating smart cities.    Here are some thoughts from … Continue reading The Big-Data Deluge

Categories Narrative, Office Market

1-Minute Phoenix Metro Office Market Update: Q3 2019

After a quiet second quarter, the Greater Phoenix office market experienced a HUGE third quarter in terms of tenant activity.   Over 1 million SF of net absorption (think job growth) was recorded in just a 90-day period, making 2019’s year-to-date net absorption 2.64 million SF – almost matching space absorbed in all of 2018, and … Continue reading 1-Minute Phoenix Metro Office Market Update: Q3 2019

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

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

Affordability

  One of the most daunting tasks our national clients face is to quantify the key metrics for making decisions for their office locations.  I review no less than 30 different reports a year on this topic and the items people track are, well…daunting. Demographics, traffic patterns, access to amenities, cost of labor, office space costs, … Continue reading Affordability

Categories Design, Narrative, Tech Industry

Chinese Company Headquarters WAY different than U.S.

  Chinese company, Tencent, just finished its global headquarters.  In previous narratives, I have discussed US-based tech companies’ cool new headquarters (Click here to read my narrative on Apple’s HQ). This week, I have included two different articles about the same building. What is different? Technology.  In China, the government allows some technology that is not … Continue reading Chinese Company Headquarters WAY different than U.S.

Categories Narrative, Office Market

1-Minute Phoenix Metro Office Market Update: Q4 2018

It’s time for us to look back at the Metro Phoenix Office Market for 2018. Readers of this narrative know that I am an office broker who works every day representing 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 2018

Categories Narrative

What do Baseball and Commercial Real Estate Have in Common?

Some of you may know that I was drafted out of college and played professional baseball for the Minnesota Twins organization before I got into Commercial Real Estate.  If you play baseball, you learn statistics. As sportswriter Arthur Daley said:  “A baseball fan has the digestive apparatus of a billy goat. He can, and does, devour any set of … Continue reading What do Baseball and Commercial Real Estate Have in Common?

Categories Narrative, Office Market

Piling On

I’m adding to my narrative two weeks ago (click here to read) on the effects of open office plans.  Today is not about the science but rather the complaining and emotional impact on employees after moving to open office space.  I’m not taking a side, rather just piling on more information from two weeks ago.    Workers … Continue reading Piling On

Categories Design, Narrative

Open Plans Kill Productivity

In my ongoing effort to explore both sides of the open office vs. traditional office debate, here are some thoughts based on science.  The Journal of Environmental Psychology jumped into the fray and came out with a huge study (40k+ workers and over 300 companies).  What did they find out?   — Closed offices outperformed open … Continue reading Open Plans Kill Productivity