The podcast which reveals the inside secrets that commercial landlords wish tenants didn’t know.
#0074 - Sublease Markets Contracting; Workers Back to Office; 3/2; Shadow Inflation; Libor Going Away; City of Dallas Permits, and more
Sublease markets are contracting...but barely
Workers are back to the office at a higher rate than since the pandemic began
What is shadow inflation
What will take Libor's place
Permitting in the City of Dallas...what a headache
NAIOP sentiment index rising
#0073 - Last Mile Logistics and The Digital Revolution - Creating New Real Estate Sectors?
Pandemic highlighted just how important e-commerce is
Top 500 retailers have generated a 45.3% increase in 2020 from previous year
Huge need for last mile logistics in commercial real estate
Property type has to center around supply chain
Golden Triangle - Great Lakes → Texas → Florida
Infrastructure bill in congress
Food delivery (ghost kitchens)
Netflix (film studios)
JLL Short Stays = AirBNB for CRE?
#0072 - Reducing Footprints; Employer Survey; Signs of Life & Market Conditions Update
Two large companies (PwC & Glaxo/Smith/Kline) reducing their footprints - sizably
What happens to office buildings
CBRE new measure looking for signs of life
Market conditions update
Landlords slow to provide proposals
#0071 - Office Leasing Rebounding? Office Leasing Reducing?
Dallas-Fort Worth office leasing approaching a rebound?
Chicago law firm drastically reduces it's footprint upon renewal.
What Kastle System shows is actually happening in offices.
Logistics system - help!
#0070 - The Great Resignation of 2021
I recently read an article in the online magazine D CRE and it was commenting about the supposition that 30% of workers will quit their current job and either go elsewhere or leave their industries all together. I've actually heard a higher figure than that. Microsoft had a survey stating that 41% of the global workforce was contemplating a resignation. In April, according to that same article, 4 million US workers quit their jobs.
How can employers retain their employees? According to the Worth.com article leaders need to focus on employee experience, heightened communication, and relationship leadership where bonds are created beyond just the work being done and employee's place in the hierarchy.
The D CRE article had some suggested solutions:
Recommended employees stay put.
Stay in your geographic market (this helps to build your brand and relationships) - this can build your network net worth.
Stay in your chosen career field.
Stay with your current employer.
Stay in your profession by studying it even further.
Stay calm and focused on the 3 F 's - faith, family and friends.
#0069 - Stalking Your Employees?
Should you stalk your employees? Provocative question, right? In today's episode of the podcast we discuss why that is actually important to the overall health of the company.
What we recommend is that clients plot the home addresses of every employee on a map when considering where to put the office. And just to be clear, I'm not suggesting we invade anyone's privacy. We always ask the employers to just forward addresses - no names. We're just concerned with location - not surveilling anyone!
Smart, but realistically don't we just care about where the CEO lives? OK, now, that's old school thinking, but remarkably accurate for a long time. It still is in many cases. True, but more than ever, employers are:
Paying attention to the needs of employees.
Wooing them back to the office.
Minimizing employee commutes - make them more bearable, especially with WFH.
Sometimes, the results of the mapping are surprising. It can be eye opening.
Mapping can also show a business owner if they should open a second office or provide a coworking membership if a lot of employees are clustered together.
Also, to be considered, where do the company's clients office/live? And, who wins? The employees or the customers?
Learning CRE is fun!
Bob & Jan make commercial real estate both informative & entertaining. Bob’s former life as a landlord gives him a unique understanding of both sides of a deal, and Jan translates for the rest of us. Great job, y’all 😀