The Chemistry Of The Unexpected
Andrew Cheney, CRE, CCIM, SIOR
Experienced Commercial Real Estate Broker- Specializing in Office & Industrial Brokerage
Tons of articles, surveys and speculation are flying around the world right now about the potential death of the office. There seem to be endless arguments to both sides and I get to talk about them daily with clients and colleagues. The article below explains the true needs for office space better than any article I’ve come across this COVID-19 spring. By exploring the birth and evolution of offices, one is able to step back and understand why we gladly spend the most alert hours of our day in designated workspaces. The entire article is worth a read, but I’ve highlighted the most important parts in yellow, and the nuggets in green.
This includes:
- Offices bring us joy.
- The relationships we have with people in person, not over the video, move us.
- Online interaction helps satisfy us on a temporary basis, but ultimately we desire “the chemistry of the unexpected” we can only get in person.
Let the above takeaways sink in and read the article below, then give me a call to discuss how they affect you or your business. My team and I help companies get their office space right.
Click here for the full article.
Founder and CEO at Everyday Investments Realty
4 年Time will tell. I was on the ownership side in 2006 and tenants stayed and kept more space than necessary to keep employees and customers feeling good about the financial wherewithal of the company. I distinctly remember a large A and E firm downsizing from 50 to 6 people and they wanted to keep certain space and their main entrance to create a facade. This time around executives can sell contraction to employees and customers for public health sake while hiding the real reason which is financial. The idea tenants will expand to accommodate new social distancing norms is nuts as we have witnessed most tenants optimizing space and working to the best density possible a building can park. Phoenix may end up safe during this next downturn due to the fact that places like California and Illinois and stumbling with economic and political policy. Jobs and net migration is the answer. I am glad our firm offers an array of services so we don’t have to rely on what is next for office or retail. Cheers WIT you are one of the best!
Home Builders Marketing, Inc / RLBrownReports
4 年It remains to be seen what the impact of the work at home experience will be ... we suspect some will find it depressing and feel a sense of loss and some will find deep satisfaction and comfort as well as economic advantages. For certain, there will be changes to come.
CEO at Arizona Chapter of NAIOP, Commercial Real Estate Development Association
4 年So true! I’ve noticed a lot of people’s moods are picking back up as they’ve been able to return to their offices even on a staggered part time basis.