Monthly Archives: April 2014

Commercial Real Estate Trends in the Midwest: Q1

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By: Andrew Batson, Senior Research Analyst, Great Lakes Region, JLL

JLL Q1 Research Q1 is a wrap, and things are looking up.

Market momentum in the national office market accelerated during the first quarter. JLL research found new demand drove significant absorption (8.4 million square feet), construction starts and increased rents for landlords.

Plus, we… Read More

Keeping Pace with Millennial Impact on CRE Demand

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By: JC Pelusi, Great Lakes Market Director, JLL

Below is an excerpt from an article that was originally published by Heartland Real Estate Business (, reposted to this blog with permission from the Editor. Visit the full article for a more detailed look at how millennials are shaping  commercial real estate demand.

Downtown ClevelandIt’s no… Read More

Calling All Law Firms: Keys to Succeed in a Muted Market [Infographic]

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By: Robert Kramp, Vice President and Director of  Research, Jones Lang LaSalle, Midwest and Great Lakes Region

Yes, economic activity has seen an upturn in recent months, and many industries are feeling the positive return of economic acceleration. With the improved fundamentals comes a change in the future of office space as evidenced with trends in law firms.

For starters, JLL research has found that growth revenue levels for AmLaw 100 firms slowed in… Read More

Commercial Real Estate News Brief: March 2014

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Commercial real estate is a dynamic industry. Keep up with Spaces’ monthly recaps of the most valuable industry articles we’ve recently come across, focused on news in Ohio, Michigan and Pennsylvania. 

City Skylines in Ohio, Michigan, Pennsylvania Experience Lively Activity 

JLL Mar-NBLocal cities, including Cincinnati, Cleveland, Columbus, Detroit and Pittsburgh, experienced dynamic commercial real estate activity during 2013, according to JLL’s annual Skyline Review.… Read More

JLL Features Main Themes from Great Lakes Skyline [Infographic]

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By: Robert Kramp, Vice President and Director of  Research, JLL, Midwest and Great Lakes Region

JLL research released this year’s annual Skyline Review, a showcase of “the luxury-end of the urban office sector” across 43 cities.

In the Great Lakes region, we observed dynamic, lively activity on our local city Skylines. Detroit is seeing renewed interested in downtown working and living, and Pittsburgh observed single-digit vacancy rates. But, what does it mean for our… Read More