Jay McKee’s Post

Do you rely more on data or opinions when making biz decisions? Is it really worth losing money (or messing with member experience) over your opinion? The antidote to opinions? Real data. You can step back, remove personal bias, and analyze what’s genuinely good (both for the community and the bottom line.) Sometimes you can get data from your tech — like understanding the peak times in your space by referencing door access reports or booking utilization. Sometimes it’s doing an old-fashioned survey to surface up more of what your community needs. It’s easy to have strong opinions. But they might be getting in the way. Are these opinions serving our members? Are they creating inclusive and thriving communities for our coworking spaces?

CJR Development Partners plays a pivotal role in the transformative journey of Washington, D.C., as it evolves into a dynamic tech hub. With the city's technology sector flourishing, CJRD strategically focuses on revitalizing non-productive areas, turning them into lucrative spaces that align with the demands of the burgeoning tech scene. The rise of tech giants like Amazon, Google, and Microsoft has not only driven job growth but has also fueled urban development, reshaping the city's skyline. CJRD's expertise lies in identifying and maximizing real estate opportunities within this tech-driven transformation. From crafting tech-friendly commercial office spaces to investing in co-working facilities and residential developments, CJRD actively contributes to the city's vibrant ecosystem. As D.C.'s tech boom continues, CJRD's commitment to intelligent and community-centric real estate initiatives positions it as a key player in fostering the intersection of technology and urban development, creating a thriving landscape for both investors and the community. Learn more about D.C.'s tech hub and the real estate opportunities emerging by reading our full blog 👉🏻

Thanks to the Las Vegas Review-Journal for including me in this article about University of Nevada-Las Vegas tech park and what it will bring to our community. Here's what I had to say: "Creating more buildings with a specific purpose, like the T-Mobile one, could happen more often at the tech park because Las Vegas is a tough market to pre-lease to tenants looking for a smaller space in a new office building. It might be more productive for UNLV to find a few bigger companies looking to invest more in the Las Vegas market rather than find a lot of companies looking to occupy a small space at the tech park." What are your thoughts? Will this help diversify our local economy? #UNLV #LasVegasRealEstate

This is my fourth visit to San Franciso in 8 months. It is definitely vibrant, not least with AI activity (the major AI companies are here and there are are 80-odd AI events a month). People who left during the pandemic are coming back, sometimes by employers enforcing back-to-office, some for the knowledge networks. However it has very deep social problems stemming from extreme inequality, which are not likely to ease. Many think the city is well past its peak, and either live and work in the surrounding Bay Area or prefer to live elsewhere entirely. The future of San Francisco city is at this point deeply uncertain. In this post I look at 9 factors that will shape its medium-term outlook. What do you think? Will the city experience a renaissance to see it continue as "the" global tech center? Or will its problems and the pandemic exodus leave it less than what it has been?

🌟 Tech Titans Reshape the Manhattan Skyline: A Decade of Dominance Unveiled! 🌆 Step into the future of New York City with our latest post, as we delve into the seismic shifts in the Manhattan real estate landscape. Over the past ten years, #Google, alongside industry giants like #Amazon, #Microsoft, #Apple, #Facebook, and #Salesforce, have orchestrated a transformation like no other, leaving an indelible mark on the iconic #skyline. 🔍 Discover how these tech behemoths have not only acquired architectural marvels like the #ChelseaMarket and the colossal #NewYork headquarters but have also pioneered unprecedented real estate ventures, culminating in the groundbreaking $2.1 billion investment in St. John's Terminal. 📊 Dive into exclusive data and insights, as we unveil the staggering growth of the tech sector, eclipsing traditional banking and finance. With over 10,000 tech companies now calling the city home, the landscape of Manhattan has irrevocably changed. 🗣️ Hear from pioneers like #TimArmstrong, Google's first New York-based employee, who witnessed the evolution from an intimate gathering to a bustling metropolis of tech enthusiasts. Join us as we explore the visible and subtle impacts of this tech takeover, and understand how it's reshaping not just the skyline, but the very essence of New York City itself. Don't miss out on this extraordinary journey into the heart of the Big Apple's tech revolution! 🍎💡 #TechRevolutionNYC #ManhattanSkylineTransformed #NewYorkNewYork #ColumbusInternational https://lnkd.in/eH3TaBMy

As Seattle and Bellevue continue to thrive as hubs of innovation, it’s essential to recognize the synergy between these two cities. The latest GeekWire article delves into how they’re cultivating an ecosystem conducive to growth, rivaling global tech giants. In the article, our COO Rebecca Lovell shares: “When companies locate anywhere in our region, we all stand to benefit. We live in each other’s communities, work in each other’s cities, spend our money in each other’s economies. As a region, we’ve all invested in and benefit from each and every component of transit infrastructure, higher education, skilled workforce, cultural institutions and quality of life. When we market these regional assets we compete effectively on the world stage.” A must-read write-up by JLL's Adam Chapman and Blair Stern for anyone interested in the future of tech in the Pacific Northwest! #SeattleTech #BellevueGrowth #InnovationEcosystem JLL GeekWire City of Bellevue, Washington City of Seattle King County, WA

Thank you 🙏 to the The Wall Street Journal and Konrad Putzier for including my observations in your larger story on the fluctuations of Big Tech occupancies across the United States. While there has been a correction amongst Big Tech, many major metro areas were seeing explosive, unprecedented growth from Big Tech prior to the pandemic. Ultimately, many expansion deals signed prior to and during the pandemic have been voided once the correction was realized. Additional insights shared and other observations: - As I said in the #WSJ article, Big Tech has been pretty resilient 💪 and I would anticipate a rebound once the interest rate environment improves 📈. - Based on client negotiations & insights 💭, there is optimism surrounding a rebound in occupancies amongst Big Tech in the next 2-3 years ⏳. - RTO policy fluctuations have played a part as changing expectations amongst C-suite personnel have changed policies. - The emergence of #AI related leasing will help to stabilize metro markets with tech talent available from Big Tech corrections. - Follow the money 💰 - The Bay Area has seen a lot of criticism but the VC community continues to pour money into it. When looking at the investment in each of the top 10 Startup Metros in 2023, the Bay Area was in the top 2 in investment across each of the below start-up industries (Consumer, Energy, SaaS, Fintech, Biotech, Healthtech, Fintech, Hardware, Med Devices, EdTech, Gaming) Thank you 👏 to the wonderful Sandra Hill and Dina Simoni Gouveia from Avison Young for the opportunity to share my thoughts and the comprehensive data to support my observations!! If you have questions or would like to further discuss, please feel free to reach out to arrange a time. #BigTech #wsj #officeleasing #newyorkcity #austin #sanfrancisco #us #avant #techleasing #aytech #vc

This piece overlooks some crucial dynamics. It's embarrassingly shortsighted. I'm on the front lines. And I'm seeing a wildly different dynamic. While some companies have reduced office space due to shifting work trends and challenges, others are expanding. And the tech sector's overall contribution to New York's economy remains significant. The focus on sublet space overlooks the reality that new startups and smaller firms are actively filling the gap. It's become an old trope to dismiss the resilience and adaptability of the tech industry in NYC. Yawn.

Microsoft has decided not to renew its primary office lease in downtown Bellevue at the Bravern Towers, marking another step in its shift away from the city, due to its extensive Redmond campus renovation. Since 2021, Microsoft's Bellevue workforce has decreased from 9,300 to potentially as low as 4,400 this year. However, other tech giants like Amazon and Meta Platforms are expanding in Bellevue. Amazon now employs over 10,000 people in Bellevue, an increase from 7,500 in 2021, and Meta's workforce stands at 3,500. Bellevue's chief economic development officer, Jesse Canedo, emphasized that the city is thriving, with key economic indicators like business openings and retail spending on the rise. Notably, daily visits to downtown Bellevue have surged by 18% compared to pre-pandemic figures. Microsoft continues to play an essential role in the community, with numerous employees residing in the region and contributions that will positively impact Bellevue in the future. #smartcap #redmond #kirkland #bellevue #amazon #bravern #meta #microsoft #tech #expansion #lease #downtownbellevue #economy #community

Discover the dynamics of San Francisco's evolving tech scene with SanFranciscoPost.com's in-depth analysis. 🌉💻 From the reasons behind the tech exodus to the impact on the city's economy and culture, we delve into the changing landscape of the City by the Bay. Gain insights into the factors driving companies to relocate and the opportunities emerging amidst transformation. Stay informed about the trends shaping San Francisco's future as a tech hub. #SanFranciscoTech #TechExodus #UrbanTransformation #SanFranciscoPost 🏙️🔍 https://lnkd.in/dkNbgBD5