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
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
I’m a third-generation Arizonan, which means I love the sunshine. Below is a cool map that shows sunshine in terms of hours per year. It’s interesting how little sunshine Europe gets. In the USA, we get tons of Vitamin D compared to Europe. And Arizona…forget about it… We get 3,500 hours a year or more. One … Continue reading Sunshine in USA vs. Europe
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