Category Archives: Business Consulting

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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Tips To Leverage the Digital Skyline, for Tenants & Investors

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

JLL’s 2015 Digital Skyline provides unparalleled insights for more than 600 million square feet of commercial real estate in 47 cities across the U.S. and Canada. It offers investors and tenants alike a birds-eye view of national trends, plus an up-close look at local market performance.

Not sure how to use the digital tool? We’ve got you covered. Read on for actionable ways commercial real estate occupiers, owners and investors utilize the Skyline.

Related Post — Aim higher: JLL Presents The 2015 Digital Skyline

3 Tips for Business Owners & Corporate Executives

1. Strategize your next move. Are you approaching the end of a lease, or considering relocation?

The Skyline is fundamental in making your initial list of viable properties for relocation. You can zoom in on individual buildings, and check out current vacancy, rents, LEED certifications and more. Make better relocation decisions by comparing markets or buildings within your market.

Below, check out Key Bank’s building profile in Cleveland.

Key_Tower

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Is Your Workplace Culture-Friendly?

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By: Tim Kay, Managing Director, Project and Development Services, JLL

There is no singular, prescriptive answer to the question: what is the ideal office design? Every business demands custom design and functionality, all reflective of brand image.

One universal office space trend has emerged, however, and that’s culture. Next generation talent gravitates toward companies that emanate established, strong cultures. It’s also what keeps the current workforce there for the long haul.

Does your office space drive innovation, and reflect true brand identity and culture? If the answer is no, read on for insight into workplace trends that might (or might not) work for your business, as well as actionable tips for better alignment.

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JLL Makes Fortune’s 2015 Most Admired Companies

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

WMAC2014

A reflection on our internal culture, JLL was recently included in FORTUNE Magazine’s 2015 Most Admired Companies List. Apple ranked first overall, but many companies ranked just as high within their own respective categories. Experts in business, rather than the general public, provide their council to devise what has become known as the definitive corporate reputation report card.

JLL ranked first in the real estate industry for its global competitiveness and people management. FORTUNE also recognized JLL for industry leadership and strength in the following areas:

  • Innovation
  • Use of corporate assets
  • Social responsibility
  • Financial soundness
  • Long-term investment value

In the words of my colleague, Executive Vice President, Paul Tingley:

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Owens Corning Honors JLL with ‘Supplier Recognition Award’

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By: George Elliott, Managing Director, JLL 

Toledo, Ohio-based Owens Corning has manufacturing, distribution, office and R&D facilities in 28 countries across the globe. Every year, Owens Corning recognizes its leading suppliers with awards in various categories, from safety, sustainability, innovation, value creation, risk mitigation, among others.Owens-Corning-logo

This year, Owens Corning recognized JLL with one of its highest honors — the Supplier Recognition Award. JLL’s team stood apart from more than 6,000 other suppliers who competed for the award through value creation and cost savings.

But, let’s rewind to where it all started.

Manufacturer Meets Real Estate Expert

JLL’s relationship with Owens Corning dates back to 1998, when it was initiated by The Staubach Company. It became official in 2001 when Staubach formalized its relationship with Owens Corning in an exclusive outsource agreement.

Since then—and following it’s merger with Staubach—JLL has helped the global manufacturer with asset and lease management, incentives consulting, strategic planning, and property disposition and acquisition.

Here at JLL, we are proud to work so closely with a best-in-class organization like Owens Corning, and even more honored to be recognized with its most prestigious award.

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How To Advance Your CRE Negotiation Strategies

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By: Collin Wheeler, Vice President at JLL 

JLL-Keys-successReal estate is expensive. In fact, it’s usually one of the most expensive line items on a business’ financial statements.

A decrease in rent, real estate taxes or capital exposure can have major impact on the bottom line. Often overlooked, hidden liability within a lease document can also have consequences. In the ever-changing economy, I frequently see organizations fall into a common real estate trap when they lose sight of financial impact, and make hasty, simple decisions based on landlord direction and lack of leverage.

Are you approaching your next move or occupancy decision? Below, I discuss a few tips to engaging in more strategic negotiations, plus insight into why working with a tenant representation advisor will save you money in the long run.

You might be shaking your head in disagreement (I get that), but please read on.  In addition to bottom line dollars, there are other avenues of liability and flexibility that are addressed.  In an age where business can change overnight (expand, contract or merge), flexibility within real estate situations are increasingly important.

Negotiation 101: Keys to Success

You can set yourself up for successful negotiation by being proactive, whether you are facing relocation or staying in your current asset.  There are two keys to getting what you want: time and leverage. Here’s why.

  • Time: If your lease is expiring in six months (and you haven’t engaged the landlord), you’re in a tough spot. At JLL, we involve the landlord no less than a year in advance of expiration. From the landlord’s perspective, he or she hopes to keep current, paying tenants in place. This means no down time (or lost rent) between tenants, no significant capital requirements by a new tenant as an enticement to lease, and no additional costs associated with a new transaction.  Therefore, most landlords are open to and appreciative of early negotiations.

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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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A Step-by-Step Guide to Your Next Office Renegotiation or Relocation: Part VI

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By: Tim Kay, Senior Vice President, Project and Development Services at JLL 

A Step-By-Step Guide To Your Next Office Relocation or Renegotiation  As a lease expiration date approaches, many mark their calendars in dread of the administrative tasks ahead. And although moving is complicated, it’s also a unique opportunity to reinvent your culture, address your space utilization and ensure your strategy is aligned with organizational objectives.  

At JLL, we follow a strategically crafted roadmap to guide our clients through the process. This is the final post in a blog series; each post will serve as a stop on the way to your destination – success.  

Next Stop: Plan and Implement Your Next Move 

So, you have an architect on board and your space is officially in the works. You can finally see the finish line. The lease is signed, the base building analysis is complete, and construction estimates are complete.

But, don’t uncork the champagne just yet. Before you can celebrate, there are a few final steps you and your team must observe to ensure the move is properly executed.

Step 1: Determine Design Details 

Before launching construction, you must first add a general contractor (GC) to your team. Ensure that the GC you select understands your deal drivers and company vision because he or she will facilitate build of your end space. The GC plays a critical role during design and construction.

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3 Demands Driving Distribution Center Design

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By: AJ Magner, Managing Director at JLL & Joe Messina, Senior Vice President at JLL

Parts of Ohio, Michigan and Pennsylvania are home to major distribution centers, including Procter & Gamble, Eddie Bauer, lululemon athletica and, tentatively, Amazon.com. Thanks to accessible highways, an inventory of economical land opportunities and the historically low-cost labor markets, the region houses prime real estate for warehouse facilities.

Distribution centers are the backbone of retail industry operations. They are at the core of all product management, inventory, storage and shipment.

According to JLL’s researchers, recent advancements and trends have influenced layout designs of warehouse facilities to change. Stay ahead of the game, and ensure your warehouse operations are up-to-speed by investigating the top demands driving design concepts for distribution centers.

Top Demands Driving Distribution Center Design

Demand 1: Sustainability Keeps Costs Down 

To account for inherent transportation costs, and also balance out the escalating prices of fuel costs and wages, energy efficiency has moved to the forefront of design. Skylights, LED lighting, daylight harvesting and solar panel installations help to conserve energy and cut costs, requiring less electricity to illuminate the facility. 

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A Step-by-Step Guide to Your Next Office Renegotiation or Relocation: Part V

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By: Scott Pick, Executive Vice President, JLL

Office RelocationAs a lease expiration date approaches, many mark their calendars in dread of the administrative tasks ahead. And although moving is complicated, it’s also a unique opportunity to reinvent your culture, address your space utilization and ensure your strategy is aligned with organizational objectives.  

At JLL, my business partner, Brian Conroy, and I follow a strategically crafted roadmap to guide our clients through the process. This is the fifth post in a blog series; each post will serve as a stop on the way to your destination – success. 

Next Stop: Negotiate Your Lease To Prepare for Occupancy 

You’ve identified your preferred new office space, but the journey doesn’t end there.

Before you can start picking out furniture, you have the fun of negotiating a lease document. This is where a good attorney provides tremendous value. (Again, this is just another reason why building the right team of trusted experts before you begin is so critical to end with a successful transaction.)

After you’ve chosen your space, strategic, well-calculated negotiations are a must. Below are the next two steps to officially make your next corporate move. 

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