The C2 VoiceTM
- March 1, 2023
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 …
Development Strategies for Maximizing E-Commerce Demand Read More »
- February 22, 2023
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 …
- February 15, 2023
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 …
- February 8, 2023
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 …
1-Minute Phoenix Metro Office Market Update: Q4 2022 Read More »
- February 1, 2023
It’s no shock that a recent McKinsey study showed that workers want more flexibility in their work. (See below for more) What was shocking is that today 58% of people surveyed are now being offered some flexibility in their work—that is 92 million Americans. This is a structural change in how we work, hire, build …
- January 25, 2023
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 …
- January 18, 2023
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 …
Ten on One- Construction (Tenant Improvement) Pricing Read More »
- January 11, 2023
Historically, the Metro Phoenix Office Market would most accurately be describe as a “Field of Dreams” market…”If you build it, they will come.” In this case, Ray Kinsella (Kevin Costner) is plowing down cotton fields to throw up Class A office space in the hopes that “Shoeless Joe” aka AAA Credit Tenant comes along to …
- January 4, 2023
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 …
Why Employees are Clashing with their Bosses on One Issue After Another Read More »
- December 28, 2022
Yes, we’re talking about remote work again. More and more employees want to work from home, and it’s clear why. More flexible hours, no commute, comfort, there are many benefits for flexible work. The trick for employers who need their workers back in the office is figuring out how to make their space appealing to …
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