Category Archives: Commercial Real Estate Investment Resources

Commercial Real Estate News Brief: May 2016

0 CommentsBy

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 why workplace strategy is a must, the future of human-to-machine collaboration, plus new research on the commercial real estate market rebound.

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

The Need for a Workplace Strategy

Workplace design isn’t what it used to be. Old-fashioned office space embraces private rooms, closed doors, and the ratio of 1 employee to every 250 square feet. Now modern companies are putting couches in lounges, using open floor plans, and cutting the employee-to-square-feet ratio in half.

More than ever, we’re seeing an endless stream of workplace trends and fads. Some keep employees happy and productive; others are better left out of office …

Obviously, workplace design is not one-size-fits-all. The most successful and productive offices are driven by a customized strategy.

Read More

5 U.S. Cities Positioned for Business Success

0 CommentsBy

business-561387_1920By: Josh Gerth, Vice President, JLL

We have all heard the phrase before: location, location, location. If you have plans to start a business soon, be sure you have this lasting phrase tucked in your back pocket.

We’re in the era of small businesses and startups popping up all over the U.S. In fact, the U.S. Small Business Administration reports that an estimated 28 million small businesses exist in the U.S., accounting for 54% of all sales. Competition for small business success is fierce, with an unfortunate 96% of small businesses failing within 10 years.

Before you finalize your business plans, sign an office lease and head down the road of entrepreneurship, choose the best location to accelerate success. You won’t have to travel far either, as the Great Lakes region is booming with perfect locations for your next small business. Beyond the finances, these cities are buzzing with new retail and residential hot spots.

Read below for five cities that are waiting to welcome your new business (and employees) home.

Read More

Office Outlook: Great Lakes Market Trends to Watch (Research)

0 CommentsBy

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

Last year was strong for the U.S. economy. Markets large and small saw expansion in both employment and output.

In fact, according to JLL’s newly released Office Outlook report, secondary and tertiary markets are positioned to gain speed this year as economic expansion diversifies.

Across the board, two sectors drove domestic economic success in 2015. Technology and financial services were responsible for roughly 33% of total U.S. leasing activity in Q4. What’s more, since Q2 2014, about 50% of leasing activity represented companies undergoing expansion.
Market success

The good news doesn’t stop there. Even with the addition of 44.2 million-square-feet of new supply across the U.S., 2015 saw the lowest vacancy level in eight years.

According to the report, companies are “looking to new markets across the country as more than 1.7 million square feet of new-to-market leases were signed during the fourth quarter.” JLL experts have high expectations for growth this year, suggesting there is “no sign of a slowdown for [the] U.S. office market.”

How does the Great Lakes region stack up to national trends? Read on for highlights in your market from the Q4 2015 Office Outlook Report.… Read More

Construction Outlook Shows Tenant Improvement Boom [INFOGRAPHIC]

0 CommentsBy

By: Andrew Batson, Senior Research Analyst at JLL

Office construction is up 32% since last year, according to JLL’s new construction outlook. Of the 86.3 million square feet under production, tenant improvement (TI) – or the renovation of existing space – is trending.

Office Construction

In fact, there’s been a 14.2% increase in TI since the second quarter of 2013. Rather than building new properties from the ground up, landlords are looking to reinvent and fill vacant space.

Why? As construction, material and labor costs steadily increase, revitalizing existing space makes landlords more competitive and tenants more profitable.

2015 State of Construction Industry

For top takeaways from JLL’s new construction outlook report, download the report.

Read More

500+ Executives in 30+ Countries Define the Status of Corporate Real Estate [REPORT]

0 CommentsBy

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

What if you could curate the opinions of hundreds of leading commercial real estate executives around the globe? Would they agree on the current and future state of the industry?

As it turns out … great minds do think alike.

In JLL’s latest biennial survey, 540 executives from more than 350 companies and 36 countries weighed in on leading industry trends. We found that tough decisions are on the horizon for most CRE teams—ones that require a “challenge to the status quo, and a shift in the work-style and skills of CRE teams.”

Upon collecting and organizing the research data, JLL was able to narrow the results to four key takeaways. Read on for a glimpse into the survey’s insights, predictions and trends that will soon have major impact on industry norms.

4 Themes That Characterize Real Estate Today

The big question for all CRE teams and decision makers: how can we deliver the same value with a more efficient and business-aligned approach? Since its first global survey six years ago, JLL continues to evolve its own strategy based on feedback from professionals around the world. The answers to the questions on everyone’s mind are found in the four major themes below.

1. Centralization. When asked what changes respondents anticipate in the CRE team structure in just three years, more than half said teams are positioned for centralization and control. An astounding 92% of respondents had a dedicated global head of CRE, surpassing 86% in 2013.

What does it mean? Moving forward, CRE decisions can be more consistent for global, large-scale companies that may struggle to deliver consistent messages across borders. The importance of a CRE team is taking center stage.

 

Centralization

Read More

Tips To Leverage the Digital Skyline, for Tenants & Investors

0 CommentsBy

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

Read More

Commercial Real Estate News Brief: May 2015

1 CommentBy

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 foreign commercial real estate growth in the U.S., developer interest in Pittsburgh’s Carnegie Mellon project, and brand journalism trends in real estate.

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

Foreign Commercial Purchasing Surges on U.S. Soil

JLL CRE News Brief

Newspaper image via NS Newsflash.

In the first quarter of 2015, “commercial real estate transactions increased 45 percent by dollar volume,” according to research from Real Capital Analytics Inc., reported by Bloomberg. Demand is back—it’s raised competition among desirable properties, and encouraged investors to buy more rapidly throughout primary and secondary markets.

According to Real Capital, “Real estate deals surged $129 billion during the three months through March, marking the most active start to a year since 2007.”

Related Read: Aim Higher: JLL Presents The 2015 Digital Skyline

Read More

Aim Higher: JLL Presents The 2015 Digital Skyline

0 CommentsBy

By: Andrew Batson, Senior Research Analyst at JLL

Are you an investor curious about market outlooks, or a tenant approaching lease expiration? Well, I have good news. The annual Skyline Review is back.

Each year, JLL’s research team analyzes the top North American skylines and gives investors and tenants alike a personal, up-close, look at some of the highest-profile commercial buildings and office towers in our cities. JLL notes, “These assets are the true drivers of leasing supply, demand, rents and development and serve as the building wish list for foreign and domestic institutional investors.”

The report provides a birds-eye view of local urban office markets, including both micro and macro-level statistics from floor-by-floor leasing to investment performance.

And now—for the first time ever—JLL is introducing the Digital Skyline.

JLL Skyline Blog Image

Read More

Commercial Real Estate News Brief: April 2015

0 CommentsBy

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, Detroit combines auto and tech industries for resurgence, and JLL leads by example in best practices for corporate office space and capital planning.

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

Detroit: No Longer Just the Motor City

JLL CRE News Brief

Detroit has always been known as the Motor City. But, as more and more young tech professionals flock to Detroit, the city’s identity evolves. Crain’s Detroit Business suggests that, in addition to automotive resurgence, the city is also becoming a national hub for technological innovation.
JLL research would agree, ranking Detroit among the top 34 high-tech markets in its latest High-Technology Office Outlook.

Luckily for Detroit, automotive technology is more sophisticated than ever before. In fact, companies like Google and Apple are developing autonomous cars. According to the article, “the auto industry has morphed into something very new, very different and very high tech.”

As Detroit’s tech industry grows, alongside an evolving auto industry, “Detroit is ready to drive itself to new levels of excellence and entrepreneurship on the brand-new road ahead,” according to Crain’s.

Read More

Commercial Real Estate News Brief: March 2015

0 CommentsBy

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.

Read More