This time of year brings with it annual changes. School is back in session, football season is starting up and autumn is around the corner. Other changes can be seen in the commercial real estate industry, where the latest tenant and market demands are reshaping the places we work, live and play.
More and more tenants — whether it be office, multifamily or industrial— are hoping to take their companies to the next level by providing an amenity rich environment with convenient access to desired resources and activities. It was interesting to learn about the new features and designs being used to attract and retain the best workforce.
In this issue, you’ll find a list of 10 cool offices (Page 36) that may leave you wondering what took so long for companies to include go-karts, floor-to-ceiling windows and upgraded common areas with billiards, games and hoverboards.
In the multifamily market, homeownership is at an all-time low and more people are looking at renting as the better option. Experts from the Arizona Multihousing Association share insights regarding how amenities and urbanization are driving the luxury multifamily market in the Valley (Page 44). Also in this issue, NAIOP leaders deliberate the biggest issues and trends impacting commercial real estate (beginning on Page 56) during their annual roundtable discussion.
An old Bob Dylan song says, “the times they are a-changin’.” And with these changes comes new opportunities, growth and competition, all of which are positive signs to the industry’s continued progress.