How Next Generation is Changing the Face of Commercial Real Estate







Whether you think you can or you think you can’t, you’re right. –Henry Ford



By Carrie Rossenfeld        | Orange County  Last Updated: December 15, 2014

IRVINE, CA—Millennials have created a revolution in thecommercial real estate industry with their fresh and unique approach to life and their shifting priorities in the workplace, at home and in their leisure time. spoke exclusively with CRE experts about the most significant ways Millennials have changed the face of the industry. Stay tuned for an upcoming feature story in Real Estate Forum about this cohort’s influence on commercial real estate. What do you feel is the most significant way this demographic has changed the face of commercial real estate?

Stanley Iezman, CEO and chairman, American Realty Advisors: Millennials are significantly affecting the face of multifamily housing in a variety of ways. First, the changing life cycle of Millennials—i.e., getting married later, having children later, as well as their sheer numbers—has created significant demand for multifamily from Millennials. Their preferences have impacted design of multifamily housing, whether it is the addition of bike repair/service rooms, Wi-Fithroughout properties or larger social common areas (that sometimes look like the inside of the latest tech firms) with foosball tables, Internet-ready big-screen TVs and coffee bars. Millennials are even indirectly impacting industrial as they have a higher propensity to buy online and demand just-in-time delivery, increasing the demand from e-commerce companies for local industrial distribution centers. Millennials, like the Baby Boomers, are a game changer. Winning their game depends on how one understands and responds to their unique needs.

Brad McCord, registered marketing representative, Passco Cos.: The most significant way that the Millennials have changed the face of commercial real estate is by making developersmore creative in the way they design and market new projects. This all goes back to what is appealing to this generation. Millennials depend heavily on Yelp reviews when making a decision on where to live. They also look more favorably at the trendy, more Internet-savvy apartment communities. Millennials tend to believe that if a complex has an appealing online presence, then it is more likely to be a good place to live. This thought process is not only applicable to finding a home, but also applies to all aspects of their lives including choosing entertainment destinations and workplaces.

More Millennials have the entrepreneurial mindset as well and like to work for companies, and in environments, that provide this type of cultureCreative-office space has become extremely popular and provides the open communication and brainstorm-inspiring environment to which Millennials are attracted. Moving forward, it is crucial that commercial developers keep up with the Millennials and these trends or they may find themselves having trouble leasing to the increasingly Millennial-dominated workforce.

Christian Beaudoin, national director, Jones Lang LaSalle’s Corporate Solutions: This demographic has helped the industry realize that work is something you do—not necessarily somewhere that you go. Looking forward, the most successful commercial properties and companies will provide the flexibility to empower and connect people, regardless of where they work.

Andy Irwin, SVP, Murphy Development: The trends we see in Silicon Valley magnify the effects that this demographic has on commercial real estate. Large campuses are being erected to house the top tech companies. These campuses are offering the employees an experience of being at a resort or a home away from home. The architecture is extravagant and creates a desire to be there. You can spend your entire 24-hour day there and have all of the comforts of your life outside of the campus: morning coffee, exercise area, cafeteria for lunch, happy hour at the on-site lounge and sleeping area for the occasional overnighter. While small companies are not going to provide the full service of a campus tenant, many of these components are being incorporated into the workplace.”

Heidi Hendy, founding principal, H. Hendy Associates: Millennials have inspired the campus-like features of new builds and influenced the way that old buildings are carved into and redesigned. Above all, Millennials want accessibility to the people and the tools that they need. This means room for collaboration, easy access to amenities and up-to-date technology. Offices are now designed to meet these needs, and this is changing not just what commercial real estate looks like, but how it functions for its tenants.





I am actively looking to build relationships with Real Estate Investors and Owner / Users for Phoenix  –  Scottsdale   –  Tucson   –  Maricopa County  – Pima County  –  Pinal County  –  Cochise County  –  Santa Cruz County   –Yavapai County  –  Gila County   –   Arizona ,  USA      

Walter Unger CCIM –   – 1-520-975-5207  –,_Arizona_history


Facts of Arizona – year 1848 to 2013



Feel free to contact Walter regarding any of these stories, the current market, distressed commercial real estate opportunities and needs, your property or your Investment Needs for Comercial Investment Properties in Phoenix.





View my listings and my profile at:


What is a CCIM?


Join My Mailing List



Please go to my web-site and get all the newsflashes and updates in Commercial Investment Real Estate in Phoenix and Commercial Investment Properties in Phoenix daily



Check out my professional profile and connect with me on LinkedIn.


Follow me on Facebook:


Follow me on Twitter:



Follow Me on Google+


Walter Unger CCIM, CCSS, CCLS

I am a successful Commercial Investment Real Estate Broker in Arizona now for 20 years and I worked with banks and their commercial REO properties for 3 years. I am also a commercial landspecialist in Phoenix and a Landspecialist in Arizona.




we are at on the a rise of the cycle in Commercial Real Estate.  so there is only one way and it’s called we are going up and now is the time for you to expand, upgrade or invest in Commercial Properties in Phoenix.  The prices on deals I may get you will not be around forever.


If you have any questions about Commercial Investment Properties in Phoenix or Commercial Investment Properties in Arizona,  I will gladly sit down with you and share my expertise and my professional opinion in Commercial Properties in Phoenix or Commercial Properties in Arizona with you.Obviously I am also in this to make money, but it could be a win-win situation for all of us. 


Please reply by e-mail or call me on my cell 520-975-5207 or Office:480-948-5554


Thank You


Walter Unger CCIM

Associate Broker,  West USA Commercial Real Estate Advisers

7077 E. Marilyn Road, Bldg 4, Suite 130

Scottsdale, AZ 85254

Cell:      520-975-5207   

Office :  480-948-5554

Fax: (480-658-1172


View my listings and my profile at:             


a little about me and my expertise – video


commercial-investment real estate adviser-land specialist


What is a CCIM?



Delivering the New Standard of Excellence in Commercial Real Estate 


  • Commercial Real Estate Scottsdale
  • Commercial Real Estate Phoenix
  • Commercial Real Estate Arizona
  • Commercial Investment Properties Phoenix
  • Commercial Investment Properties Scottsdale
  • Commercial Investment Properties Arizona
  • Land Specialist Arizona
  • Arizona Land Specialist
  • Land Specialist Phoenix
  • Phoenix Land Specialist
  • Land For Sale Phoenix
  • Land for sale Arizona
  • Commercial Properties For Sale Phoenix
  • Commercial Real Estate Sales Phoenix
  • Commercial Properties Phoenix
  • Commercial Properties Arizona
  • Commercial Land Specialist Phoenix
  • Commercial Land Phoenix
  • Multifamily land Phoenix
  • Retail Land Phoenix
  • Industrial Land Phoenix
  • Land Commercial Phoenix
  • Land Retail Phoenix
  • Land Industrial Phoenix
  • Land Multifamily Phoenix
  • Industrial Land for sale Phoenix
  • Land Industrial
  • P
  • Investment Real Estate


Disclaimer of Liability

The information in this blog-newsletter is for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided “as is,” with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.