Category Archives: Commercial Real Estate News

Commercial Real Estate News Brief: August 2018

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Every month, JLL’s regional team curates the top commercial real estate industry news to keep you in-the-know. In this month’s edition, JLL spotlights back-to-school shopping trends, how foreign investors view U.S. CRE and the record-high funding for construction technology startups.

What Back-to-School Shopping Means for Big Retailers

RE Journals recently reported on how lucrative back-to-school shopping can be for big-name retailers, specifically Walmart and Target.JLL Back to School Shopping - August News Brief

According to JLL data, most parents plan to spend less than $250 on back-to-school supplies this season. However, about 16% of parents plan to spend more than $500 on their children’s supplies, and these high-spenders provide a nice bottom-line boost.

Where are parents planning to spend?

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Job Incentives Fuel Real Estate Growth in Columbus

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By: Sam Stouffer, Senior Research Analyst, JLL

Discover the economic and real estate impacts of job creation incentives for both the industrial and office property sectors in the Columbus Region from the first installment of our Growing Columbus research.

Corner of shining blue skyscraper

Job growth in Columbus… Read More

Commercial Real Estate News Brief: July 2018

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Every month, JLL’s regional team curates the top commercial real estate industry articles to keep you in-the-know. In this month’s edition, JLL spotlights why men prefer brick-and-mortar shopping, what to expect from the modern workplace and the impact of people moving to cities faster than jobs.

Men Still Want to Shop In-StoreCRE News July

A recent article from JLL shows that men prefer brick-and-mortar stores, which is part of the larger customer experience (CX) trend. Many men would rather go to a physical location where they can get a hands-on experience.

Why are men shopping in-store?

  1. Men want to touch and feel products before they buy them.
  2. Men want personalized convenience.
  3. Millennial men, in particular, are as interested in the shopping experience as the products they buy.

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Commercial Real Estate News Brief: June 2018

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Every month, JLL’s regional team curates the top commercial real estate industry articles to keep you in-the-know. In this month’s edition, JLL spotlights the implications of the U.S. labor shortage, how taxes are impacting where tech companies set up shop and how customer experience influences revenue growth at brick-and-mortar retailers.

Labor Shortage Impacts Commercial Real Estate

Real Estate TrendsThere is a mass labor shortage in the U.S. and it impacts commercial real estate. A recent report from JLL announced that roughly 6.3 million positions remained open but unfilled as of January 2018. This is a record high number and significant problem.

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Drones: Giving You a New Perspective in Commercial Real Estate

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By: Jordan Phillippi, Associate Director, JLL

Time for a pop quiz: Drones are ____.

  1. A way to capture epic aerial footage.
  2. Key to industrial automation, including the ability to restock warehouse inventory.
  3. Able to deliver small packages (hello, logistics revolution).
  4. Regulated by the FAA.
  5. All of the above.

If you answered e, you’re correct. But, there’s more.… Read More

Commercial Real Estate News Brief: May 2018

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Every month, JLL’s regional team curates the top commercial real estate industry articles to keep you in-the-know. In this month’s edition, JLL spotlights the benefits of on-site childcare, how startup growth impacts CRE and rebounding retail sales.

On-Site Childcare Can Help You Win the Workforce

JLL CRE News Brief

Newspaper image via NS Newsflash.

A recent post from JLL Real Views calls companies to provide on-site childcare to help maintain a stronger workforce. Some experts have found that the skilled labor shortage in the United States can be combated if companies provide mother-friendly benefit packages because women with a desire to advance their careers are leaving the workforce because affordable, quality childcare is difficult to find.… Read More

Commercial Real Estate News Brief: April 2018

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Every month, JLL’s regional team curates the top commercial real estate industry articles to keep you in-the-know. In this month’s edition, JLL spotlights headquarters cities, smart buildings and how to accommodate today’s “on-demand” workforce.

What Makes a Headquarters City?

JLL CRE News Brief

Newspaper image via NS Newsflash.

According to an article from JLL Real Views, cost isn’t the sole differentiating factor for companies when deciding upon the location of their next headquarters space. Our experts highlight five factors companies take into consideration, including:

  1. Access to talent
  2. Proximity to customers and influencers
  3. Global transit links, with local transit options
  4. Local incentives or tax breaks
  5. Employee experience

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Pittsburgh Commercial Real Estate News Brief: March 2018

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In the latest edition of our monthly news brief, JLL’s regional team curates the top commercial real estate industry articles impacting Pittsburgh.

Pittsburgh Ranks in Top 20 Best Cities for Millennials

Pittsburgh was named on Niche’s Best Cities for Millennials list, landing in the no. 12 spot and surpassing cities like Chicago, Portland, Austin and Atlanta. The list takes into a count a number of factors to determine each city’s ranking, including:

  • Access to bars and restaurants
  • A city’s walkability
  • Ethnic, generational and economic diversity
  • Cost of living
  • A city’s higher education rate

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Louisville Commercial Real Estate News Brief: March 2018

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In the latest edition of our monthly news brief, JLL’s regional team curates the top commercial real estate industry articles impacting Louisville.

Louisville Unveils Strategic 20-Year Growth and Development Plan

Louisville Metro Government released its comprehensive 20-year plan focused on land use, growth and development in the region through the year 2040. The new plan builds off of Cornerstone 2020—the plan used to guide the region from 2000 to 2020.

The 20-year plan focuses on walkability, green space, varying methods of efficient transportation along with a heavy focus on affordable housing development. Other pieces of the plan put emphasis on the potential redevelopment of vacant or abandoned lots and housing.… Read More

Michigan Commercial Real Estate News Brief: March 2018

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In the latest edition of our monthly news brief, JLL’s regional team curates the top commercial real estate industry articles impacting Ohio markets, including Ann Arbor, Detroit and Grand Rapids.

Historic Retail Site Along Detroit’s Avenue of Fashion Gets a Makeover

Developer Matt Hessler recently broke ground on an $8.3 million redevelopment project on the site at Livernois and Seven Mile Road in Detroit—the site of the former B Siegel department store. While the former store undergoes renovations, approximately 20,500 square feet of commercial space and 10 multifamily units will be developed between within a two-story building along Steopel Street and Livernois.

In addition to the commercial retail and residential space, underground parking will also be available for tenants and visitors.… Read More