Monthly Archives: April 2015

The #FinTech Revolution: Trends in Banking & Finance (REPORT)

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By: Scott Pick, Executive Vice President, JLL 

The financial services industry is still in recovery mode. But, despite struggle, JLL’s newly released 2015 Banking and Finance Outlook found “the year-end financials revealed a healthier landscape overall.” Wages in the financial industry have grown faster than average – at 43.5 percent – since 2010, and corporate profits are reaching near record heights.

Maintaining momentum and growth will be critical in 2015.

Luckily, lower oil prices and rising interest rates will play in favor of the financial industry this year. JLL also pointed out three emerging trends that will make a lasting impact. Read on for details, or download the full report.

3 Banking Industry Trends

1. FinTech is innovating the industry. Financial technology, or FinTech, is a label for financial service firms that use technology to enhance products and services.

FinTech transforms traditional banking as we know it. While it’s caused some to cut back on space needs, it’s also opening the door for new opportunities. According to JLL, “…global banks are supporting FinTech lab space with the hopes of tapping into mobile, cloud, analytic, cyber security and regulatory innovations.”

What’s more, the FinTech landscape is exploding. The number of FinTech companies continues to grow—up 26 percent year-over-year. Watch JLL’s video below for what more to expect from FinTech in 2015.

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Commercial Real Estate News Brief: March 2015

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In the latest edition of our monthly news brief, JLL’s regional team curates the top industry articles to keep you in-the-know. In this month’s edition, JLL spotlights industrial growth in downtown Columbus, best practices for real estate investors, and the value of hiring a project manager.

Keep up with Spaces’ monthly recaps, and subscribe to JLL Spaces today.

Downtown Columbus Characterized by Strong Industrial Demand

JLL CRE News Brief

Newspaper image via NS Newsflash.

For both office and industrial space, Columbus is undergoing resurgence. On the industrial side, JLL’s Dan Wendorf told The Columbus Dispatch, “All the groundwork Columbus has laid the past few years is really coming to fruition.”

Thanks to consumers’ online shopping preferences, more and more warehouses are coming to central Ohio. According to JLL’s Columbus industrial report, industrial vacancy dropped from 12.4 to 6.1 percent.

You might be thinking, ‘Why Columbus?’ When it comes to transportation of goods, you can reach 47 percent of the national population within a ten-hour drive. Another big benefit: The low cost of doing business makes Columbus very professional-friendly. With 2.5 million square feet added during the fourth quarter of last year, Ohio’s capitol city can anticipate continued growth.

Download the full report for more information, Columbus: The Nation’s Industrial Hot Spot.

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Repetition Is Good When It Comes To Ethics

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By: Anne Browning, Marketing Director, JLL

For the eigth-straight year, JLL has been named one of the World’s Most Ethical Companies by the Ethisphere Institute. This award is particularly meaningful to me for two reasons:

1. What Future Employees Think

When I was interviewing with JLL over three years ago, I combed the corporate website for facts, figures and information to determine if there was a fit with my career aspirations and desired corporate culture. There, I discovered JLL has a 250-year history presented in a very cool timeline video. Impressive.

And globally, the firm is committed to sustainability both for itself and its clients. Even more impressive. Then I landed on an awards page. What caught my attention: JLL’s fifth straight year of winning the World’s Most Ethical Companies award. I paused for a good long while.

How could such a large, global organization with offices and employees on every continent speaking a multitude of languages and employing different lifestyles and customs maintain such an achievement year after year? To me that was most impressive, and honestly was a substantial factor in bringing me to the next phase of the interviewing process.

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Calling All Business Owners & Tenants: Should You Own or Lease?

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By: Rob Roe, Managing Director, JLL


There is no blanket response to the question, “Which is better for business, owning or leasing property?” Every business’ unique structure and qualities must be assessed to determine the right path.

What’s more, the decision has potential to have a disastrous (or extraordinary) effect on bottom-line business success.

Traditionally, business executives, like CEOs, CFOs or treasurers, made the own/lease decision. In recent years, however, corporate real estate directors have played a larger role in the process. Regardless of point person, expert insight is a must when it comes to one of the largest expenses within your budget.

Are you at the crossroads of purchase or lease? Read on for more insight on smart decision-making.

Starting Point: 3 Business Benchmarks

As you begin the process, there are three key benchmarks to consider. Ignore your initial preference, and keep an open mind. The following factors may sway your line of thinking and lead to a smarter decision-making in the long run.

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