The return-to-office push is gaining steam, with Amazon and other big name companies demanding workers come back to the office. But not everyone’s playing along, and smaller companies are still betting on remote work to stay competitive. The reality? We’re headed for a middle ground between hybrid and in-office. — CEOs Are Pushing Hard: Companies like …
Arizona’s job market hit a snag in August, with 2,500 nonfarm jobs lost, placing us 41st in the nation. Though the unemployment rate held steady at 3.4%, below the national average of 4.2%, the rising jobless claims are worth noting for those in commercial real estate. — Job Growth Slows: Arizona’s year-over-year job growth dropped to …
One of the things you notice when you write a weekly blog on CRE is how many rabbit holes you can go down. And when the market is not performing well, you have a lot of challenges you can opine about. I got this quote from Mark Manson: “Pessimists get to sound smart. Optimists get to …
Ten minutes is all it takes to get inside the mind of an expert on the evolution of office space. We had the pleasure of having Mark Adams, VP and Workplace Practice Director at SmithGroup in our latest Ten on One. SmithGroup has been in business since 1853 and is one of the most sophisticated architectural firms in …
Ten On One – The Evolution of Office Space with SmithGroup Read More »
I wanted to comment on some of the long-term changes in office space we have seen stick around after the pandemic. Spoiler alert: the biggest change is that hybrid work is still prevalent, and it’s not going away anytime soon. The McKinsey report below shows the dramatic changes the pandemic has brought to real estate in …
The Lasting Impact of the Pandemic on Office Space Read More »
As time goes on, employee performance changes. That, in turn, forces office space to evolve as well. Back in the typical factory-worker era (which was not that long ago), in order to improve performance, employers had to identify the what and the why of improvement. What are the steps they need to complete a task …
People are finally returning to the office — whether they like it or not! The article below goes into detail about how Kroger, a large grocery company in the U.S. is enforcing a new policy requiring their workers to return to office for at least three (3) days a week. They are following in the footsteps …
Take ten minutes to learn about what stock market investors think about Commercial Real Estate with Cole Smead, CEO of Smead Capital Management. Cole gives us some insight into the valuation differences between the stock market and real estate market and how they could intersect more in the future…Here are my quick takeaways: — The way commercial real …
Late loan payments in commercial real estate are on the rise. Old, obsolete office buildings compounded by a decreased need for office due to the Work-from-home (WFH) and hybrid work phenomenon are the major contributing factors to these delinquencies. Overall, the rate of delinquent loans hit 6.8% in August 2023, as compared to 4.5% in June 2022. …
One of the biggest perks of working from home, besides the flexible hours and ability to wear sweatpants all the time, is the lack of a commute. But as businesses urge workers to return to the office, they are now tasked with giving their employees incentives to get back in the car and commute to …
