According to Market Trend report from Costar, the Scottsdale office market ended the first quarter with a vacancy rate of 17.4% which increased since before the Pandemic. The average rental rate is $29.10 SF.  This is a good time to negotiate better deals for either renewing your lease or finding a new location. Landlords want…

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On Thursday March 25, 2021, Governor Doug Ducey of Arizona lifted the mask mandate which allows restaurants, bars and nightclubs to open their doors without any restrictions.  Gatherings of 50 or more people are also permitted.  In addition, registration for the Covid-19 vaccines includes anyone over the age of 16.   Although the statistics show a…

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7835 E Redfield - for LEASE

Selecting a property management company is crucial for effectively running a property and maximizing revenue. A good property management company can actually bring down the cost of maintaining a building by leveraging their vendor contacts to create economies of scale. They can make the ownership process run smoothly and can help to avoid many problems…

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There is a new and challenging niche in the commercial real estate market…space for marijuana related businesses.    The legalization of marijuana for both medicinal and recreation use is leading many businesses to seek out commercial real estate services to help locate and secure property.  However, it is very challenging to find the appropriate commercial space…

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Purchasing a new office or industrial building for your business is an exciting step in the journey of one’s company. One important consideration in purchasing a building is the process one goes through from financing to opening and closing escrow and all the steps in between. Below is a general timeline of items to be…

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The subject of lease types can often be confusing. Let’s try to simplify it. There are three basic types of commercial leases.  Each type centers around the base rent and the way the operating expenses are passed down to the tenant. Full Service Lease – A full service lease will typically include the utilities, property…

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Commercial Real Estate is my passion and my career for over 20 years. I love what I do and look forward to finding new real estate opportunities every day.  However, I also like to get out and have some fun. This is a bit more challenging with Covid. Here are 11 things I like to…

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