Category Archives: Corporate Sustainability

Louisville Market Commercial Real Estate News Brief: June 2017

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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 to keep you in-the-know.

Keep up with Spaces’ monthly recaps—subscribe today.

Louisville Improves Green Sustainability Rankings in New Research

Louisville ranks 37th out of the country’s 50 largest metro areas on clean technology policies, according to a new research piece by Clean Edge. The ranking is an improvement from last year when the city ranked 45th out of 50.

The city of Louisville has been hard at work implementing new policies and green initiatives to help reduce the effects of climate change. The city’s mayor, Greg Fischer, signed the Compact of Mayors in 2016, which commits to reducing greenhouse gases.… 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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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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4 Ways to Grow Your Business with Portfolio Optimization

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By: AJ Magner, Managing Director with JLL

Collaboration I’m sure you’ve heard. The commercial real estate industry is thriving. In fact, according to JLL, investment sales in the U.S. are on pace to reach an all-time high this year.

To keep your real estate healthy and profitable, portfolio optimization should still be top-of-mind … even in the strongest economic climates.

When you think portfolio optimization, do you think cost cutting or space reduction? Despite initial assumptions, there’s more to portfolio optimization than scaling back in times of trouble.

Rethink Real Estate: The Big Picture

Defined by JLL, portfolio optimization is “a comprehensive process that models real estate supply against real estate demand to drive efficiencies across a portfolio.”

It’s not just about cutting back. In many cases, portfolio optimization has been utilized to justify the need for more real estate.

Taking a step back: As one biggest line items on your business’ budget, it’s vital to approach real estate spend strategically—during the best (and worst) of times. Beyond basic rental and operating costs, your real estate portfolio plays a starring role in employee attraction, retention and overall productivity.

Looking at the holistic, long-term impact of your space, is it adequately meeting the needs of your business?

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Repetition Is Good When It Comes To Ethics

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By: Anne Browning, Marketing Director, JLL

For the eigth-straight year, JLL has been named one of the World’s Most Ethical Companies by the Ethisphere Institute. This award is particularly meaningful to me for two reasons:

1. What Future Employees Think

When I was interviewing with JLL over three years ago, I combed the corporate website for facts, figures and information to determine if there was a fit with my career aspirations and desired corporate culture. There, I discovered JLL has a 250-year history presented in a very cool timeline video. Impressive.

And globally, the firm is committed to sustainability both for itself and its clients. Even more impressive. Then I landed on an awards page. What caught my attention: JLL’s fifth straight year of winning the World’s Most Ethical Companies award. I paused for a good long while.

How could such a large, global organization with offices and employees on every continent speaking a multitude of languages and employing different lifestyles and customs maintain such an achievement year after year? To me that was most impressive, and honestly was a substantial factor in bringing me to the next phase of the interviewing process.


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Commercial Real Estate News Brief: February 2015

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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 examines global CRE investment, workplace strategy tips, and the revitalization happening in Detroit.

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

The State of Global Real Estate Investing

JLL CRE News Brief

Newspaper image via NS Newsflash.

Many were apprehensive to invest in commercial real estate after the recession. But, according to an The New York Times, it still makes sense to own properties through real estate investment trusts, called REITs, and exchange-traded funds.”

Why? Global REITs performed extremely well in 2014—setting the stage for success in 2015.

In other global news, Chinese buyers have been pouring money into U.S. properties.” Major deals include a $120 million investment from the Bank of China in a Chicago property (i.e. the future home of Google), as well as $296 million sale in San Francisco to a Chinese real estate firm. National Real Estate Investor has the details.

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Making Global Connections: Six JLL Leaders Attend the World Economic Forum’s Annual Meeting

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

WEF DavosLast month, global leaders in business, government, international organizations and academics gathered at the Annual WEF in Davos-Klosters, Switzerland to discuss major issues and themes around the global economy. High-profile speakers at the symposium included Al Gore, Bill Gates, the Prime Minister of Italy, professors from Harvard and MIT, bankers from Russia and China, among others.

Honored among 100 organizations as a WEF Strategic Partner, JLL also sent six global leaders to participate in the event, including:

In Davos, JLL led the conversation around the most impactful international commercial real estate trends. Below, I’ve included a snapshot of key topics for discussion at the event.

  • The top 30 cities for real estate investment. Half of the world’s real estate investments take place in 30 cities worldwide. Take a look at the full list.
  • The latest City Momentum Index (CMI) tracks the rate at which key cities are evolving. JLL ranked the top 20 cities that are changing at the most accelerated pace, with London coming in at number one. See the full CMI for details.
  • Real estate’s role in the market cycle. Real estate plays a key role in financial cycles, and can impact both their frequency and severity. Check out the full release for details to read up on real estate’s cyclical nature.

From snapping a selfie with a princess to evaluating how India’s emerging economy could someday outpace that of China, JLL’s thought leaders recapped their personal experiences on the JLL blog, Notes from Davos.

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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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Commercial Real Estate News Brief: December 2014

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Commercial real estate is a dynamic industry. Keep up with Spaces’ monthly recaps of the most valuable industry articles we’ve recently come across, focused on news in Ohio, Michigan and Pennsylvania.  

New Features Make Smart Buildings Even Smarter 

JLL CRE News BriefUnfortunately the U.S. currently ranks second globally for CO2 emissions, right behind China, according to a recent article in TechCrunch from JLL’s Parker White (@jParkerWhite).

What’s more shocking, CRE is accountable for about 40 percent of all emissions in the U.S. Luckily, change is already in the works. To combat commercial real estate emissions, we’re seeing a few technologies enter the scene, including:… Read More

How Low Gas Prices will Impact the Office Market (SLIDESHARE)

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By: Dan Adamski, Managing Director, JLL

For the first time in years, filling up isn’t getting us down.

Diesel prices sitting below $3 are welcomed by consumers, especially as the holidays arrive. In June of this year, gas prices reached $3.68. Now, they’re as low as $2.73, according to AAA. The drop in gas costs hit quickly, and its impact on multiple industries varies.

The Situation: Oil Prices Fall Worldwide

For the first time in five years, the price of one barrel has dipped below $70, which is down from more than $100 per barrel in the last five months. Causes for the drop in costs include:

  • Excess supply and little slow down in production
  • Drop in overall demand, due to slower economic growth in China and lower levels of oil consumption in Europe
  • Strict fuel standards (good news for the environment) and a sharper focus on energy efficient practices

The biggest cause, however, is supply. There are three million more barrels a day in the global market now than there was in 2011. Combined with a new focus on sustainability and weaker demand, it’s no wonder that prices have decreased.

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