Category Archives: Big Data

Commercial Real Estate News Brief: February 2016

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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 CRE trends to watch in 2016, millennial brain gain in the Great Lakes and Detroit’s bright economic future.

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

CRE Trends to Watch in 2016

CRE Industry UpdateAccording to National Real Estate Investor (NREI), 2016 will be an opportunistic year for investors “who can step out in front of ongoing, and in some cases intensifying, economic demographic and technical trends.”

Growth in the U.S. looks stable, while underlying inflation should remain tame. Rates will likely stay consistent, which may apply pressure on other economies. But, according to NREI, this could make U.S. assets more appealing throughout the year.

In a quick wrap-up, here are three of the six key trends ahead projected by NREI:

  1. Global Urbanization: Both boomers and millennials are looking for better access to jobs and amenities, so they’ll continue moving closer to cities this year.
  1. Changes in Retail: 2016 will see retail continue to embrace the virtual and physical shift, as well as entertainment-themed spaces. Last year’s Thanksgiving holiday saw online purchases outpacing in-store shopping for the first time ever. According to NREI, “analysts suspect that the more successful retailers will be those who can optimize a combination of online and in-store shopping experiences.”
  1. Lower Energy Prices: The cost of oil has dramatically decreased and major oil producing countries haven’t reduced production. In 2016, this will have a significant economic impact across industries—including commercial real estate. Most notably, the reduction in oil costs will “boost industrial production and reduce distribution costs,” according to NREI.

For the full outline of trends to watch this year, check out the latest article by National Real Estate Investor.… Read More

Mastering the Fourth Industrial Revolution: JLL Meets at the World Economic Forum

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

This week, JLL executives joined more than 2,500 global leaders at the 46th Annual Meeting of the World Economic Forum’s (WEF) in Davos-Klosters, Switzerland.

JLL is one of just 100 organizations across the globe honored with the title of WEF Strategic Partner. A group of key JLL leaders traveled to take part in the week’s events, including:

Throughout the week, the team is contributing to conversations around themes influencing our global economy. JLL leaders will partake in discussions regarding the role of real estate in global and smaller-scale economics, sustainability, and the gender parity. Below is an inside-look at topics discussed this week.

  • The top destinations for real estate investment.
  • The most dynamic cities in the world.
  • Ways to mitigate the frequency and severity of real estate cycles – the results of JLL’s joint research with the WEF.

Follow JLL thoughts, impressions and memorable moments from the forum in real time on the Notes from Davos blog. And, for more on the story behind JLL’s involvement at Davos, check out the video below from Colin Dyer.


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Commercial Real Estate News Brief: January 2016

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CRE Industry UpdateIn the latest edition of our monthly news brief, JLL’s regional team curates the top industry articles from December to keep you in-the-know. In this month’s edition, JLL spotlights tech innovation in commercial real estate (CRE), the energy industry’s impact on CRE, and Columbus’ economic success in 2015—plus your latest headlines across the region. 

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

CRE Tech Evolution: From Pen & Paper to Real-Time, Cloud-Hosted Data

Startups are revolutionizing CRE operations—from the slow-to-adapt, to the tech savvy.

And it’s about time, considering CRE is a major, $12 trillion information business according to a recent article via TechCrunch. With automation supporting the transactional side, brokers can sharpen focus to building lasting relationships.

Plus, real-time information and cloud-hosted databases allow for greater collaboration across teams and more streamlined workflows.

“Ultimately, these tools save agents time and their parent firms money, leading to leaner and more profitable businesses.” – TechCrunch

Across the industry, brokers with access to fast and accurate data will ultimately manage expensive commercial assets with greater ease and success. Read More

Tech Industry Demand Thrives in Detroit & Pittsburgh [New Research]

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By: Dave MacDonald, Executive Vice President, JLL 

Silicon Valley and San Francisco may be the strongest tech hubs in the country, but smaller markets are making their mark on the map.

In fact, two secondary markets in the Great Lakes, Detroit and Pittsburgh, made JLL’s list of “sweet spots” for young companies. Other cities on the list include the likes of Orlando, Raleigh-Durham, Milwaukee and Phoenix.

How did JLL determine the “sweet spots?”

In this year’s annual Technology Office Outlook, JLL unveiled its proprietary tool, the Locator Matrix. As defined by JLL, the locator tool helps growing startups and established tech firms determine the best location for company expansion. Based on cost and startup momentum, the tool ranks markets into four quadrants.

Below, I’ve included a sneak peak of the matrix. Download the full report for further explanation and recommendations.

Tech

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Law Firms Get Creative to Face New Challenges in 2016 [JLL Research]

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By: Rob Roe, Managing Director, JLL

Law firms hit record revenue levels in 2014 … just in time to face an increasingly competitive marketplace.

JLL’s newly released 2015 Law Firm Perspective revealed that the market’s job growth hasn’t been this high since the late 90s. But as the legal market expands, firms face fewer office choices and higher rent in Trophy and Class A spaces (i.e. the typical preference for law firms).
Thus, a notoriously traditional industry is taking a new approach to real estate, moving away from downtown locations and toward mixed-use, efficient designs. For more on how the economy and office market are impacting law firms, see what JLL’s Director of Office Research, John Sikaitis, has to say.

Closer to home, law firms across Ohio, Michigan and Pennsylvania are also facing tighter office markets and fierce competition for top talent. JLL’s new report includes a market-by-market analysis of the U.S. landscape.

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Unlock Your Real Estate Potential with RED

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By: Andrew Batson, Senior Research Analyst, JLL

Your building is collecting data at this very second. Each day, we create 2.5 quintillion bytes of data, according to IBM. That’s 2,500,000,000,000,000,000. With this many bytes, you could fill 10 million blu-ray discs, says Vouchercloud.

So—an obvious reaction—businesses are finding new and exciting ways to leverage this information. In fact, 56% of companies will use data and analytics to shape most corporate real estate decisions. Are you leveraging data’s potential to improve your business?

When collected and analyzed properly, insights can influence your most important decisions, drive productivity, accelerate sustainability and generate profits. JLL’s new technology platform, RED, streamlines integrated data across real estate, workforce, financial, economic, and other sources into one dashboard.

Check out the video for a closer look.

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Big Data Meets Commercial Real Estate (INFOGRAPHIC)

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

According to JLL research, only 28 percent of commercial real estate companies heavily rely on data usage. But, change is coming. In just two years, more than half of corporate real estate decisions will be made using data and analytics.

Data and Future CREThanks to new technologies, building data can give executives invaluable insight into how the office is actually utilized by employees. For example, building sensors can detect when rooms are busiest or when meeting rooms are empty for extended periods. Simple insights like these can help guide more informed decision-making.

Big Data, Bigger Benefits

Whether related to energy consumption or office utilization, data can play a leading role in cutting costs. So what’s keeping executives from drilling into data?

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How To Create a Data-Centric CRE Strategy

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

I’m sure you’ve heard the buzzword “big data” in your office, or read about it in your favorite blogs and publications. The popularity of the term “big data” continues its steep climb upward on Google Trends, even today (screenshot below).

JLL-Big-Data
Data has captivated the business world. The ability to track and capture data, regardless of industry, has transformed the way executives are reporting and capturing value.

JLL recently released the first white paper in a four-part series on developing Data-Centric CRE. According to JLL researchers:

“Companies that embrace internal and external data, manage its flow carefully but efficiently, and structure it to create actionable information and insight have a strong competitive advantage.”

This goes for CRE teams, too. The ability to make a smart move, determine a construction budget or advocate for more sustainability practices can all be driven by data-centric business cases. CRE teams have put new emphasis on the importance of data, but most still have a long way to go.

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