Category Archives: Office Space Planning

JLL’s 2018 Fit Out Guide at a Glance

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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

Columbus’ Technology and Startup Scenes are On The Rise

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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

6 Tips to Negotiate Your Commercial Lease Renewal

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By: Scott Pick, Managing Director, JLL

red scale negotiationsIt’s not uncommon for landlords to raise the rent when it comes time to renew your commercial lease. But, you don’t have to just accept your fate and pay more money. Lease renewal time presents an opportunity for companies to assess their current position as a renter, revisit the commercial real estate market and use that information to negotiate a better lease agreement.

For many, negotiation can be tricky and slightly intimidating.

Position yourself as a well-informed tenant armed with market knowledge to secure a better deal and earn back a portion of your occupancy costs.

Here are six helpful tips to consider during your lease renewal:… Read More

A How-to Guide for Creating a Workplace that Works

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By: Tim Kay, Managing Director, JLL

“You can’t un-bake a cake. The key ingredients have to be in there from the start.”  – Tim Kay, Managing Director, JLL.

Tim Kay, JLL Managing Director, speaks at Hobbs+Black Architects on the importance of workplace design, wellness and technology.

Early this summer I was invited by Hobbs + Black Architects and Interior Environments to speak at an event in Ann Arbor, Michigan highlighting the increasing importance of technology, wellness and design in the workplace. Similar to baking a cake, creating a workplace that aligns with a company’s culture and meets the needs of its employees involves a fine-tuned mixture of essential ingredients.

Together, these ingredients can help create a recipe for workplace success:

1 Cup Examining Your Current Culture

Does your current workplace represent your company’s culture? Does the persona your company portrays through its brand, social media, website and advertising match the physical environment? Culture and brand must align in the workplace so those first impressions gathered by prospective employees are supported by their impression when they visit your office for an interview. If there is a lack of congruency, the likelihood of successfully recruiting that talent is slim.… Read More

New Lease Accounting Standards Are Taking Effect. Are You Ready?

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By: Jeff Karger, Senior Vice President, JLL and Bob Horn, Senior Vice President, JLL 

Between now and 2019, new accounting standards from the Financial Accounting Standards Board (FASB) require companies to cite their corporate leases of 12 months or more on their balance sheets.

In the past, companies were able to list their building and equipment leases as operating expenses. Now, in an effort to be more transparent, these companies will be required to include their leases as line items.Read More

Employee POV: What Makes JLL Center One of Pittsburgh’s Coolest Offices

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Courtesy of JLL

What makes an office cool? Flexible workspaces, breaking down silos and innovative tech solutions are a good place to start. All this paired with sweet skyline views and a prime go-to happy hour spot nearby doesn’t hurt either.

JLL Center at Tower Two-Sixty is a current example of all that a “cool” office space should include. Just last spring, Tower Two-Sixty became the new home of our Pittsburgh headquarters—JLL Center. One year later, it’s being recognized by the Pittsburgh Business Times as one of the coolest offices in the area. Located in the heart of the city, JLL Center fosters a modern, open and inviting environment featuring shuffleboard, cutting-edge technology and a patio overlooking Market Square.

JLLers across all departments are benefiting from the innovative workspace. But, don’t just take our word for it. Here’s what some had to say about the new office space:

Q: JLL relied on its own employees to shape workplace design and strategy. How do you see that employee-driven design implemented throughout the office space?Read More

How the Law Industry Can Fight Stagnant Growth

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By: Rob Roe, JLL Managing Director 

The 2008 recession resulted in significant changes to the legal business. According to our 2016 U.S. Law Firm Perspective, law firms have faced numerous challenges, such as economic uncertainty and volatile legal employment rates, as demand has stagnated.

Despite these challenges, the 2016 Altman Weil Report revealed that nearly 74% of firms with 250 lawyers or fewer have experienced revenue and profit growth since 2008. There has been a slow upward trend in revenue, however, firms must reevaluate their growth strategies to remain profitable.

So, how are they overcoming these challenges?

Industry leaders are starting to regain their footing by adopting new strategies to trim overhead costs, spark growth and maintain high levels of profitability.… Read More

Your Startup Needs an Office Space. Now What?

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By: Andy Effler, Senior Associate at JLL

JLL Senior Associate Andy Effler speaks at Columbus Startup Week. Courtesy of Columbus Startup Week

You’ve launched your startup, and so far, you’ve enjoyed the advantages of not necessarily needing a formal office space: cost savings, convenience, and no commute. But, growth is a milestone worth celebrating, and with that comes the need for a space for your business to thrive.

If your startup is fortunate to experience growth, the move to an office space can provide significant benefits. As your startup graduates from a garage or co-working space to that first office space, the move can also be a bit complex.

Researching, finding and finalizing contracts for an office lease can seem like a daunting task. To simplify the process, we created this list of five questions you should be asking when securing that first office space.

1. How long will the process actually take?

Startups often underestimate the time it takes to ultimately move into an office space for the first time. Keep in mind that several steps can take varying amounts of time, including:… Read More

Commercial Real Estate News Brief: March 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 to keep you in-the-know. In this month’s edition, JLL spotlights healthcare real estate, future-proof office solutions and solar electricity benefits.

Keep up with Spaces’ monthly recaps—subscribe today.

Healthcare Real Estate Professionals Prepare for a Wave of Adjustments

The healthcare industry continues to evolve, which means real estate strategies for hospitals, practitioners and other medical offices do, too. Becker’s Hospital Review highlighted the six trends that will impact healthcare real estate this year:

  1. The repeal of the Affordable Care Act (ACA)
  2. Value-based reimbursement and changes to healthcare delivery setting
  3. Tax exempt hospitals coming under pressure
  4. Health systems monetizing real estate assets
  5. New rules impacting leasing arrangements
  6. Continuation of regulatory scrutiny

Read More

Taking Notes from the Region’s Most Innovative Offices: 4 Tips

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By: Tim Kay, Managing Director, JLL

Above, JLL’s Detroit office brands itself with modern lounge areas, collaborative space and exposed ceiling beams.

As the fight for top talent grows even more competitive, office design is moving to the forefront of business strategy.

Tech leaders have forever changed workplace expectations. GoDaddy has go-karts for its employees at its headquarters in California, and Cisco Systems has an onsite health center.

While these companies are at the forefront of workplace innovation, we’re seeing trends from Silicon Valley and beyond trickle down into local cities in Ohio, Michigan and Pennsylvania.

Our local offices might not be as extreme (no, we’re not aware of a local office that’s home to go-karts), but we are moving into a new era for workplace design. So, what can you learn from some of the region’s most innovative spaces? We’ve highlighted four takeaways to incorporate into your next workplace strategy. … Read More