Category Archives: Commercial Real Estate Trends

Why Multi-Story Warehouses are Coming to America

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Editor’s Note: This post was originally published on JLL Real Views

For warehouses looking for space to grow in many of America’s big cities, the only way to go is up.

Take New York City. The rise of e-commerce and same-day delivery is ramping up demand for industrial space in one of the country’s biggest consumer markets. That demand is colliding with the city’s chronic land shortage — and city restrictions aimed at easing traffic congestion — leading some property developers to plan multi-story warehouses.… Read More

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

Read More

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

Ohio 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 Cincinnati, Cleveland and Columbus.

Cleveland Emerging as a Healthcare Technology Leader

Cleveland is already a flourishing healthcare hub, but in the era of big data, it may surface as healthcare technology leaders as well, according to Healthcare Analytics News. If this rings true, both the local economy and human health will benefit.

Artificial intelligence (AI) marrying healthcare data is creating jobs and Cleveland plans to use this economic development to improve the region’s healthcare disparities. The intention is to invest in human potential in the area by assisting the staggering amounts of Cleveland residents living with physical and mental disabilities.… Read More

Commercial Real Estate News Brief: March 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 rising last mile delivery, open office concepts and data center trends.

Retailers Takeover Delivery to Meet Customer Expectations

JLL CRE News Brief

Newspaper image via NS Newsflash.

Retailers big and small rely on customer relationships to grow their business. In return, customers increasingly expect more efficient and effective order fulfillment and delivery. An article from JLL Real Views explains why and how retailers are focusing on the last mile of delivery to gain greater logistical control.

While few have taken action and implemented hands-on delivery due to cost, retailers recognize that current methods will soon be obsolete in the eyes of customers. Collaboration may be the solution needed to combat time and profitability pressures, and impress customers during one of the most crucial components of the purchasing process.… Read More

Pittsburgh Commercial Real Estate News Brief: February 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 the Pittsburgh market.

UPMC and University of Pittsburgh Announce Medical Development Project

Together, UPMC and the University of Pittsburgh announced plans for an Immune Transplant and Therapy Center in Bloomfield just one block away from UPMC Shadyside. The development follows the string of the $2 billion investment commitment to area specialty hospitals in the region, including the UPMC Vision and Rehabilitation Hospital, UPMC Heart and Transplant Hospital and UPMC Hillman Cancer Hospital.… Read More

Louisville Commercial Real Estate News Brief: February 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 the Louisville market.

Louisville Industrial Market Maintains Positive Outlook Following Historic Development

After a historic 4.5 million square feet were delivered in 2017, Louisville’s industrial market success is expected to continue in 2018. Experts predict falling vacancies and rising rental rates as momentum picks up again the first half of the year.

A 224,000-square-foot warehouse on Technology Drive by WPT and a 324,000-square-foot warehouse on Minor Lane from Kelly Construction both delivered in 2017. Both properties are expected to be occupied by the second quarter in part due to favorable market conditions.… Read More