February 2022

Office Buildings and Sites Going Away

One of the craziest office building trends I have witnessed in the past decade is now accelerating.  The trend:  Office land and office buildings are being built out for other uses.  Office used to be the highest and best use….not anymore. Years ago, I wrote this narrative on apartments taking office sites. Today, developers are: –Rezoning …

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1-Minute Phoenix Metro Office Market Update: End of Year 2021

The big news from the 2021 year-end report is The Metro Phoenix Office market recorded 807,000 SF of positive net absorption.  It’s also noteworthy for a couple reasons: 1—We finished the year in the black despite COVID, despite the lock down, and despite work from home.  Second, it was the second straight quarter of positive …

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