While many people are focused on the cost of homes and residential real estate, many others are focused on commercial properties and office spaces.
In this episode, Brent Mekosh is joined by Andrew Cheney from The Coppola Cheney Group at Lee & Associates to explore the ins and outs of commercial properties and how they are driving the market in cities such as Phoenix, Arizona.
Listen in and find out how location, construction costs, and vacancy rates play a crucial role in determining the pricing of these spaces.
Andrew discusses:
- What drives the real estate market growth
- The value of office collaboration and reasons why real estate is cyclical
- Ways the amenities of a property adds on the market pricing
- A snapshot of commercial real estate across different cities in the United States
- Potential challenges in the commercial real estate market, including the impact of the pandemic, commute time, and upcoming debt
- And more!
Resources:
- “The Accidental Superpower: The Next Generation of American Preeminence and the Coming Global Disorder” by Peter Zeihan
Connect with Andrew Cheney:
- 602-488-4000
- acheney@leearizona.com
- LinkedIn: Andrew Cheney
- The Coppola Cheney Group at Lee & Associates
Connect with Brent Mekosh:
About Our Guest:
Andrew Cheney is an experienced commercial real estate broker who specializes in office & industrial sales and leasing. He became a Principal at Lee & Associates Arizona in 2009, the fastest Associate to complete this process in the Arizona office.
Within Lee & Associates, Craig Coppola, Gregg Kafka, and Andrew lead The Coppola-Cheney Group. The Coppola-Cheney Group is the number one office leasing and sales team in Lee & Associates’ history. They provide a higher level of brokerage skills, market knowledge, and the ability to negotiate our clients’ transactions.
