Categories Narrative, Office Market, Office Trends

Office to Multifamily? (Office Conversion Series – #2)

This is week two of our office conversion series and today we discuss office to multifamily conversions.  Right off, we count over 20 prime office sites in Metro Phoenix that have been developed as multifamily in the last decade. This site stealing is not new. The relatively new thing is developers taking existing office buildings and retrofitting … Continue reading Office to Multifamily? (Office Conversion Series – #2)

Categories Narrative, Office Market, Office Trends

Office to Industrial? (Office Conversion Series – #1)

As office building usage continues to drastically evolve, the conversations we are having around converting office buildings into different uses, such as Industrial, Multifamily, Labs, Retail, Schools, and Medical have gained significant traction. Over the next six weeks, I will explore each potential type of conversion, the pros & cons, what the challenges are for … Continue reading Office to Industrial? (Office Conversion Series – #1)

Categories Narrative, Office Market, Office Trends

1-Minute Phoenix Metro Office Market Update: Q3 2023

The Third Quarter proved to be another reminder of how challenging these times are for the Metro Phoenix Office market. Net absorption went negative in a big way, at -355,027 SF over the past 90 days.  This drags the year-to-date figure down to -540,940 SF and puts office users on track to vacate more space than they … Continue reading 1-Minute Phoenix Metro Office Market Update: Q3 2023

Categories Narrative, Ten on One

Ten on One – Founding and Running a Start-Up Company

We have represented a large number of start-up companies over the years. While we typically work with these companies on their real estate needs (shorter term leases, ability to grow, flexibility) sometimes we get to know them and watch as they grow into incredible companies. I was excited to interview Vivek Kopparthi the Founder and CEO … Continue reading Ten on One – Founding and Running a Start-Up Company

Categories Narrative, Original Content

Project Credibility Checklist

Over the years, we have found there are less than a handful of brokers skilled in preleasing or leasing proposed pre-construction buildings. New development preleasing is an increasingly difficult skill that The Coppola Cheney Group has mastered for over 30+ years.  Every project is different and every client’s needs are unique and time-sensitive.   Our proprietary … Continue reading Project Credibility Checklist

Categories Narrative, Tech Industry

ChatGPT for CRE

I’m sure everyone has heard of the latest breakthrough in AI known as ChatGPT.  I wanted to spend this week sharing how we think AI will change Commercial Real Estate.  I have also picked a great article by Packy McCormick that is a bit long and detailed, but provides a much greater understanding of where all AI and ChatGPT are … Continue reading ChatGPT for CRE

Categories Narrative, Ten on One

Ten on One – Family Legacies with Scott Donnell

Normally, we talk all things CRE.  Today, however, we’re making a detour and chatting with Scott Donnell, the genius founder of GravyStack, Apex Leadership Company, and author of New York Times best-seller, Value Creation Kid.  Scott spent the past five years learning from 1,000 amazing families.  Family legacy is his life and here are some fascinating takeaways:   — … Continue reading Ten on One – Family Legacies with Scott Donnell

Categories Covid19 Impact, Narrative, Original Content

7 Lasting Changes From COVID in Office Space

The COVID-19 pandemic has brought significant changes in the Commercial Real Estate office market.  As brokers, we have been able to see and participate in these changes firsthand. All Tenants and Landlords are making adjustments on how they lease space. When culture-altering changes happen, companies that learn to adapt are far more successful than those that don’t. … Continue reading 7 Lasting Changes From COVID in Office Space

Categories Narrative, Ten on One

Ten on One – NFL Long Snapper JJ Jansen Explains Performing Under Pressure

All you need is 10 minutes to listen to our conversation with current NFL great, JJ Jansen, who is the veteran long snapper for the Carolina Panthers.  JJ shares some incredible tips on how he has dealt with pressure in one of the most intense workplaces: the pro football stadium. Can you imagine doing your … Continue reading Ten on One – NFL Long Snapper JJ Jansen Explains Performing Under Pressure

Categories Covid19 Impact, Narrative, Office Trends

Stick or Carrot?

As more and more companies around the country are returning to work, big corporations are trying to incentivize their employees to get them back into the office.  Some are even bribing their employees with the promise of charity donations for each day that an employee comes to the office (The Carrot). Other companies are threatening … Continue reading Stick or Carrot?

Categories Covid19 Impact, Narrative, Office Trends

Why Companies are Migrating Back to the Office

The illusion of work from home (WFH) proving more productive than being in the office together, is called out in this great article from The Economist.  The argument against the myth is actually articulated really well.    My simple takeaway is that it’s harder and costlier to collaborate virtually, making job skills suffer.  See below … Continue reading Why Companies are Migrating Back to the Office

Categories Graphs, Narrative, Office Market

Demand for Office Space Expected to Shrink Through Early 2024

We write about the state and future of the office market in The C2 Voice weekly. Because we are on the front lines, we see trends happening as they develop. Today, we want to share a great study that just came out from NAIOP (the main association for Office Developers) that mirrors our perspective but … Continue reading Demand for Office Space Expected to Shrink Through Early 2024

Categories Narrative, Office Market, Ten on One

Ten on One – Office Site Selection Insights with Thomas Maynard

This week we have an insightful episode with Thomas Maynard, Senior Vice President at the Greater Phoenix Economic Council (GPEC).  We sat down to discuss trends in office site selection, a space he lives in every week.     We asked Thomas: Who are the key players and what questions are they asking?  Here’s a taste of … Continue reading Ten on One – Office Site Selection Insights with Thomas Maynard

Categories Covid19 Impact, Narrative, Office Market, Office Trends

What CEOs are Saying About the Office

We continue to talk about the return to the office in this narrative because it’s at the forefront of our clients’ minds.  The below report from Leesman polled real estate leaders on the state of the workplace following the Covid-19 pandemic.  Here are a few takeaways I found most interesting:   –Almost 40% are planning major changes … Continue reading What CEOs are Saying About the Office

Categories Narrative, Original Content, Ten on One

Ten on One – Running a Startup CRE Software Company with Charlie Coppola

I’m especially excited about this month’s Ten on One as it features my son, Charlie Coppola, Chief Operating Officer of CRE OneSource. Charlie gives us a ten-minute insight into running a SaaS CRE company that is in growth mode.   Here are some key takeaways:   –Hire people you trust.  A great team is irreplaceable.  –Culture starts with … Continue reading Ten on One – Running a Startup CRE Software Company with Charlie Coppola

Categories Narrative, Office Market, Office Trends

1 – Minute Phoenix Metro Office Market Update: Q1 2023

The Metro Phoenix Office Market continues to face significant headwinds in 2023.  Net absorption, measured by the net change in physically occupied space, came in at negative 127,468 square feet in Q1. This means the office recovery took a step backward after realizing positive net absorption in the same amount during the last quarter of … Continue reading 1 – Minute Phoenix Metro Office Market Update: Q1 2023

Categories Narrative, Office Trends, Tech Industry

Redefining Location

Location has been the cornerstone of all commercial real estate decisions since the industry began.  Location, Location, Location.  But with the rise of technological advancements, this sure-fire parameter is being tested. Here are just a few of the trends pushing the boundaries of location: —Remote work. People are working from anywhere and everywhere.  This trend … Continue reading Redefining Location

Categories Narrative, Recent Transactions

Strong Start to 2023

The demise of office space is over exaggerated…  If you look at our team’s business, we continued to close a transaction every 2 days over the last quarter.  C2 is representing, touring, negotiating, and closing deals. –We would love to work with you. –We know the market….todays’ market. –We have insider information on deal terms … Continue reading Strong Start to 2023

Categories Narrative, Original Content, Ten on One

Ten on One- Minority Owned Start-up Business Thoughts from the Front Lines

This week we have an exciting episode of Ten on One with Maria Luna, the fabulous Co-Founder of Famigo, a mobile app for artists and creators. She riffs on starting a business, being a female founder, and how her mother helped drive her to succeed. It’s a conversation worth 10 minutes of your time, but … Continue reading Ten on One- Minority Owned Start-up Business Thoughts from the Front Lines

Categories Covid19 Impact, Narrative, Office Trends

Development Strategies for Maximizing E-Commerce Demand

No matter what sector of real estate you focus on, E-Commerce affects us all.  Its disruption of the commercial real estate world has accelerated exponentially due to COVID-19’s effects on our shopping behavior.  This disruption is forcing property owners, especially industrial and retail,  to re-think how they “maximize” the sites they own.  It’s also spilling … Continue reading Development Strategies for Maximizing E-Commerce Demand

Categories Narrative, Original Content

Spec Suite Scorecard

It’s happening — companies are doing all they can to get employees back to the office! But at the same time they understand that hybrid work and downsizing is here to stay…or is it? This is a scary unknown  for business owners, so how do they hedge their bets? Enter the “Spec Suite.” Over the … Continue reading Spec Suite Scorecard

Categories Narrative, Office Trends, Original Content, Ten on One

Ten on One- Growing a CRE Brokerage Company

Ten minutes with Jeff Rinkov, CEO and Chairman of the Board, Lee & Associates. Our Leader. We sat down to discuss how we are growing our company and what makes us different.–Bigger, publicly traded CRE companies are focused on growing predictable revenue….CRE brokerage commissions are not that predictable. –How is Lee growing: – NFL cities – Diversification … Continue reading Ten on One- Growing a CRE Brokerage Company

Categories Narrative, Office Market

1-Minute Phoenix Metro Office Market Update: Q4 2022

The Metro office market continues to trudge along its own path of an extended (up and down, circular) recovery.  Direct vacancy actually decreased slightly to 17.5%, 500 basis points lower than our 20-year average.  Meanwhile, average asking rates actually increased by $0.46/SF per year between Q3 and Q4.  However, net absorption, the most critical indicator of market … Continue reading 1-Minute Phoenix Metro Office Market Update: Q4 2022

Categories Narrative, Recent Transactions

C2 By The Numbers

2022 flew by. Before the year gets away from us, we wanted to say thank you for helping us succeed. Reflecting on our transactions, our relationships, and our business over the past year, I have these few takeaways: –We are blessed to have fantastic clients. While the office market is still in a sandstorm for … Continue reading C2 By The Numbers

Categories Narrative, Original Content, Ten on One

Ten on One- Construction (Tenant Improvement) Pricing

In our latest Ten on One podcast, we spend 10 minutes with James Murphy, CEO of Willmeng Construction. Willmeng has been one of the most active general contractors in all of Arizona over the past decade, with incredible data points. Here are a few takeaways from our talk on construction pricing, particularly tenant improvements: — Don’t … Continue reading Ten on One- Construction (Tenant Improvement) Pricing

Categories Narrative, Office Trends

Why Employees are Clashing with their Bosses on One Issue After Another

Over the past 18-24 months, our C2 Voice has been writing about the systemic change in office space working norms. The Wall Street Journal has printed a piece that does a great job summarizing all the issues that face workers, owners, corporations, and managers (see full article below my comments). There is a war going … Continue reading Why Employees are Clashing with their Bosses on One Issue After Another