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
By: Jordan Phillippi, Associate Director, JLL
Time for a pop quiz: Drones are ____.
- A way to capture epic aerial footage.
- Key to industrial automation, including the ability to restock warehouse inventory.
- Able to deliver small packages (hello, logistics revolution).
- Regulated by the FAA.
- All of the above.
If you answered e, you’re correct. But, there’s more.… Read More
In our quest to deliver insights to our clients and to create a customer experience that our competitors can’t touch, we introduce the 2018 Cost Fit Out Guide, along with Great Lakes specific reports. JLL’s 2018 Fit Out Guide is a comprehensive data-driven tool that provides a comparison and transparency of buildout costs across U.S. and Canadian markets. This year’s data includes cost by office style and cost by finish type.
The Basics of Office Fit Outs
An office fit out is the final step in a new office journey in which the design, construction and furnish of the physical workplace takes place. Office fit outs can range in scope based on tenant needs and geography.
In our report, it’s assumed that the space is in its second generation and ready for tenant improvements. Each market’s fit out costs depict the average expenses of building a comparable, medium office space factoring in hard costs, soft costs, tenant factors, furniture, fixtures and equipment (FF&E).… Read More
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
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
By: Andy Effler, Senior Associate, Tenant Representation, JLL
Editor’s Note: This article was originally published on the Columbus Chamber of Commerce’s blog.
It would be hard for a big venture fund to look me in the eyes and tell me that Columbus is still considered a “flyover city.” In fact, a strong argument can be made that Columbus has landed (pun intended) on the map for viable startup companies and venture funds looking for a hot Midwest startup ecosystem to launch, join or invest in. What’s more, beyond the headlines of venture backed startups, there are big waves coming out of the arts, food, beverage and fashion companies that are enriching our city. I’m confident in saying that we are crafting the right recipe for a very bright future in Columbus.… Read More
By: Tobiah Bilski, Director of Research, JLL
One tangible way to see the economic health of a market is by looking at the real estate. While often thought of as a steel city, today Pittsburgh is a region that demonstrates deep sector diversity with software, robotics, medical devices, biotechnology, healthcare, information technology, business services and energy driving the economy.
The 411 on the 412 was developed to provide an overview of the Pittsburgh market. Download the report and explore the largest development sites, how downtown retail is thriving and how the workforce is changing the game.
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?
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:
- Access to talent
- Proximity to customers and influencers
- Global transit links, with local transit options
- Local incentives or tax breaks
- Employee experience
Outside investment has been strong the last three years in Pittsburgh. As new owners are entering the market, they are breathing new life into the old office product and helping Pittsburgh keep pace with modern real estate trends.
Out of the current 28 office renovation projects, 11 have been completed. Thus far, the Union Trust Building has benefited the most. With just 39% occupancy when purchased out of bankruptcy in 2014, today the Trophy Class building is seeing over 91% occupancy; a more than 133% increase.… Read More
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
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