Category Archives: Louisville Commercial Real Estate News

Louisville Market Commercial Real Estate News Brief: May 2017

0 CommentsBy

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 Brewing Industry Has a Bright Outlook with New Addition of the Bourbon District

Downtown Louisville recently launched its new Bourbon District on Main Street just across from the Kentucky Center for the Performing Arts. The site is meant as a tribute to the city’s historic ties to the bourbon industry.

Main Street, in particular, was once a popular hub for the bourbon industry thanks to its close proximity to the Ohio River. Now that the industry is making waves once again, developers of the site aimed to create a resurgence of these historic times by including destination signs, banners and historic site signs.… Read More

Louisville Market Commercial Real Estate News Brief: April 2017

0 CommentsBy

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.

Retail and Industrial Developments Gain Momentum in Louisville

Courtesy of JLL

A number of new development projects are in the pipeline for downtown and metro Louisville. Among those include a new distribution center and a retail development.

Illinois developer, Molto Properties, announced plans to construct a new distribution center in the Renaissance South Business Park. Molto Properties has already accounted for more than 1 million square feet of space within the business park. This new warehouse and distribution property would add an additional 677,160 square feet to their portfolio.

Construction of a 363,000-square-foot retail and lifestyle center has also begun in SouthPointe Commons near Fern Creek. The property will include a big box store, a movie theater and restaurants. Upon completion, the project is expected to create nearly 560 permanent jobs in the region.… Read More

JLL Research: 3 Ways Reurbanization is Revitalizing Midwest Markets

0 CommentsBy

By: Andrew Batson, Director of Research, JLL

JLL Full Circle

While cities spread throughout the Heartland are still making their comeback, the economic and investment outlook is promising according to our new research, Full Circle. The report takes a deep dive into the growth and development occurring in each of our markets, including Ann Arbor, Cincinnati, Cleveland, Columbus, Detroit, Grand Rapids, Louisville and Pittsburgh.

So, what did our research find?

Cities across the region are in the middle of a major renaissance as reurbanization continues to draw people, business and investments toward the downtown areas.

1. Young Professionals Gravitate Toward the Urban Core, Creating Need for More Multifamily Development

The face of the urban cores is changing, with the majority of each market’s downtown population made up of the millennial generation (20- to 36-year-olds), followed by generation Z (0- to 19-year-olds).

As these younger generations flock downtown, the need for more multifamily development is increasing. Each market has experienced positive population growth since 2000. What’s more is residential population has also posted impressive numbers in each market, most notably in Detroit with a downtown population of 37,700 followed by downtown Pittsburgh with 33,000.… Read More

Louisville Market Commercial Real Estate News Brief: March 2017

0 CommentsBy

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 Developments Continue with New Distribution, Warehouse Space

Technology Drive Development submitted a revised plan to construct a 224,000-square-foot warehouse and office facility in Jeffersontown. The property will sit at 2621 Technology Drive on the 16.5-acre plot of land that Technology Drive Development already owns. No tenants for the facility have yet been announced; however, Louisville has recently made headlines throughout the previous year for its strong industrial market.… Read More

Commercial Real Estate News Brief: February 2017

0 CommentsBy

In the latest edition of our monthly news brief, 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 executives’ optimism within the industry, varying supply rates and the changing retail landscape.

Keep up with Spaces’ monthly recaps—subscribe today.

New Survey Highlights CRE Executives’ Optimism on Industry Outlook

JLL CRE News Brief

Newspaper image via NS Newsflash.

New research released by KPMG LLP finds just over half—52%—of commercial real estate (CRE) executives believe improving real estate fundamentals will be the largest driver of their firm’s revenue growth this year.

A number of factors contribute to the overall positive outlook for executives, including an expanding economy and consistent interest in Class A properties in the U.S. Following the 2016 presidential election, financial markets are also expected to loosen, which will likely improve capital flow.

With improving financial markets, many companies are also expecting their real estate investment to increase. Approximately 22% of companies anticipate an increase between 5 and 10%. Due to an overall positive outlook in foreign investment, new investment in real estate will come from both existing investors and new market players.… Read More

Roger Staubach and JLL Predict a Patriots Victory for Sunday’s Big Game

0 CommentsBy

After successfully predicting last year’s champion, the Denver Broncos, JLL Americas Executive Chairman and Hall of Fame Quarterback Roger Staubach is predicting a Patriots win in Sunday’s big game.

Making predictions for football’s biggest event since 2011, JLL has accurately predicted the winner 70% of the time. Traditionally, predictions are based off of factors off the field, including:

  • Tenant and investor opportunities
  • Demand for premium office space and leasing activity
  • Economic factors, such as job growth

Cities with a positive economic outlook and strong real estate markets typically mirror that consistency on the field, too. And, as it turns out, Boston has way more to offer than just Tom Brady-led victories. Boston is succeeding in a number of industries, including education, technology, life sciences and more to drive job growth in the region.

Read More

Commercial Real Estate News Brief: January 2017

1 CommentBy

In the latest edition of our monthly news brief, 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 drones’ impact on CRE, how autonomous vehicles will reshape cities, and how several local markets are creating a more ‘walkable’ downtown.

Keep up with Spaces’ monthly recaps—subscribe today.

Drone Technology Takes Off in CRE, Creates New Opportunities and Challenges

JLL CRE News Brief

Newspaper image via NS Newsflash.

Much like virtual reality (VR), drone technology has created new opportunities within the commercial real estate industry to streamline the transaction process.

Drones are unmanned aerial vehicles flown autonomously, and are used in a number of industries, including commercial real estate. How? With drone technology, prospective clients can view aerial property photographs or recorded video. This can help clients and investors determine the potential assets and challenges of a property. The end result is a faster transaction process, as clients have access to more property information than ever before.

One of the biggest challenges associated with drone technology, however, is current legal regulation. Commercial drone users often face difficulties determining who owns the airspace in which the drone is flying over. Similarly, the Federal Aviation Administration (FAA) ruled that operators of commercial drones must obtain a waiver for those participating and comply with a number of other regulations.… Read More

Commercial Real Estate News Brief: December 2016

0 CommentsBy

In the latest edition of our monthly news brief, 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 2016 election impact, virtual reality in CRE and predictions for 2017 workplace strategy.

Keep up with Spaces’ monthly recaps—subscribe today.

Steady CRE Outlook Forecasted in Wake of 2016 Election

JLL CRE News Brief

Newspaper image via NS Newsflash.

Similar to the aftermath of previous elections, many business owners are entering a period of uncertainty as they await the potential changes ahead. Most markets have remained fairly quiet following Trump’s win, while others have reacted positively. U.S. 10-year yields are currently hovering at 2% (its highest point in nearly eight months), while other markets have remained resilient compared to the Brexit impact.

The impact of Trump’s victory on the commercial real estate industry is still fairly uncertain. Financial markets have reacted in stride, which will create some form of stability for real estate activity. Although regulations on the financial industry are expected to loosen, which may lead to some market volatility.… Read More

Commercial Real Estate News Brief: November 2016

0 CommentsBy

In the latest edition of our monthly news brief, 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 CRM solutions for brokers, the future of digital workspaces and the 2017 construction forecast.

Keep up with Spaces’ monthly recaps—subscribe today. 

CRE Brokers Turn to CRM Solutions

JLL CRE News Brief

Newspaper image via NS Newsflash.

Every dollar spent on a customer relationship management (CRM) system results in $8.71 back for businesses, according to Nucleus Research. That’s why more commercial real estate brokers are looking to implement CRM solutions. But how does the software actually help brokers?

CRM software helps businesses manage interactions with current and future customers via digital tracking and analytics. An enormous amount of data helps brokers foster relationships with clients—including lead and listing specifics. With a CRM, brokers can easily access customer information, determine appropriate follow-ups, and guide clients through the transaction pipeline.… Read More