Monthly Archives: April 2016

Calling all Healthcare Providers: Adopt a Retail Strategy for Your Commercial Real Estate

0 CommentsBy

By: Paul Heiserman, Senior Vice President, Healthcare, JLL

Healthcare Location StrategyThe U.S. healthcare industry is experiencing profound shifts away from the traditional system. As costs escalate, patients are carrying a higher cost burden, employers are looking for ways to reduce the cost of insuring their employees, while providers and payers are grappling with how to best transition from fee-for-service to population health in an attempt to bend the overall cost curve.

These stakeholders are being equipped with more sophisticated data to better inform their decisions including a drive towards quality metrics, price transparency, and patient-centric / consumer driven care. As millions of Americans are paying for more of their own healthcare, yesterday’s patient is being transformed into today’s savvy healthcare consumer. With increasing pressure on providers and with their drive to become more patient-centric, the industry will increasingly value being in front of the right population mix.

Healthcare consumers are now beginning to seek quality, convenience and affordability in services that meet their family’s specific expectations. This makes sense—they’re spending more of their own money for medical care, so they’re beginning to adopt more of a shopper mentality when they purchase or receive healthcare services.

Read More

Categories: Uncategorized.

Pittsburgh Regional Alliance Investment Scorecard: Why JLL Trusts the City’s Economic Growth

0 CommentsBy

By: JC Pelusi, Market Leader, Managing Director, JLL

Pelusi PRA Event Last month I had the opportunity to present at the Pittsburgh Regional Alliance (PRA) Business Investment Scorecard annual event, during which JLL was featured as one of four smart companies “betting their futures on Pittsburgh.”

At the event, the PRA presented its ninth annual investment scorecard highlights, including a transparent look at the region’s economic health. The investment scorecard revealed strong economic growth overall. A few additional highlights for 2015 included:

  • 275 total business deals were tracked by the PRA.
  • 206 investment deals and 69 development deals comprise overall deals.
  • Capital investment reached $2.9 billion, marking the ninth year to exceed $1 billion.
  • Anticipated job impact is the highest since 2011, with 5,417 new jobs and 9,534 retained jobs.

JLL trusts Pittsburgh will prove true business and economic success in the coming years. In fact, JLL has expanded its local employee-base from 40 to 450 over the last eight years.

Read More

Commercial Real Estate News Brief: April 2016

0 CommentsBy

CRE Industry UpdateIn 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 how U.S. office development is meeting demand, the benefits of engaged employees, and what it takes to be recognized as one of the healthiest employers in central Ohio—plus additional headlines across the region.

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

U.S. Office Development: Is Demand Being Met?

Office space in the U.S. is in high demand, and developers are doing all they can to create space. On top of the 140 million square feet delivered since 2010, an additional 88 million is currently being built.

Despite this growth, current development is lower than the previous cycle—by 49%. Why the big change? JLL’s recent report dives into the current cycle recovery, plus a shift in workplace preferences.

Read More

JLL Investment Research Highlights Trends in Office, Industrial & Retail

0 CommentsBy

By: Andrew Batson, Manager of Research & Analysis, JLL

In 2015, the U.S. industrial sector exceeded the office sector as the largest recipient of offshore capital for the first time. Ever.

In fact, foreign investments across cities, submarkets and sectors, are affecting transaction structures nationwide. According to the Q4 2015 Investment Outlook Report, “With $71.7 billion of cross-border transactions, this investment surpassed the former 2007 peak of $40.7 billion by 71.6%.”

JLL Investment Outlook

The 2016 outlook should include a focus on primary markets, followed by a steady, selective variation of outsider capital interest into other market segments. But, as JLL suggests, “the offshore buyer pool remains strong and is growing.”

Read on to learn how strong economic and leasing performance benefitted the office, industrial and retail sectors in 2015. As a bonus, check out major investment highlights from the Great Lakes region in each property type.

Read More