Category Archives: Office Space Planning

The Cleveland Comeback: Urban Redevelopment Can Rebrand a City

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 By: Andrew Batson, Director of Research, JLL

Before the 2016 Republic National Convention (RNC), the city of Cleveland suffered a major image problem. After, however, the mindset of many of its residents and the general public changed.Cleveland Public Square

Two years of construction and planned redevelopment paved the way for Cleveland to make its way back into the spotlight—this time, with modern event facilities and trendy restaurants downtown and along the lakeshore.

Cleveland isn’t the only city using redevelopment as a tool to rebrand its image, but it provides a solid blueprint for doing so. Cities are investing more time and money into their downtown spaces in the hopes of being considered for large-scale events, becoming a tourist destination, driving business growth, and attracting top talent for current businesses.… Read More

Tech-Enablement: The New Driver of Office Design

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By: Dave MacDonald, Executive Vice President at JLLjll_tech-enabled-workspace

With ever increasing cloud adoption and demand for office flexibility, it’s no wonder that tenants have set their sights on tech-enabled workplaces. In fact, research has shown that a tech-enabled, cloud-computing workforce has higher levels of productivity and employee satisfaction.

Now more than ever, businesses nationwide are recognizing the benefits—and the need—for digital connectivity that extends well beyond their office layouts.

Closing the Gap in Tech Adoption

When you picture traditional office arrangements, you likely think cubicles, desktop computers with limited-to-no mobility, and separation between information technology (IT), architecture and design. But today, IT and audio/visual needs take up nearly 25% of the total build-out costs for offices, compared to just 7% ten years ago.… Read More

JLL’s Pittsburgh Office Fit-Out Encourages Mixture of Collaboration and Innovation

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

JLL Pittsburgh_Int Conference Room Closed w People_Copyright Sarah Mechling (1)

Over the last 10 years, JLL’s Pittsburgh office has grown from 50 employees to roughly 450. In addition to our local brokerage team, the Pittsburgh office is also a national hub for the firm’s Lease Administration and Property Service Center teams—hence the need for a new and improved space.

In case you haven’t heard, our team moved into JLL Center at Tower Two-Sixty this past May. The new space includes three floors (55,000-square-feet) and a balcony overlooking Market Square. Our team is honored to join the city’s elite skyline, but it didn’t happen overnight.

For the fit-out of our new Pittsburgh office space, we handed the reins to a team of four women to lead the charge on workplace strategy and design. In this post, I’ll dive into the team’s process, plus a quick look at JLL’s newly finished office.

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Secondary Cities Are Hot: New Towers Rise, More Demand Builds [SlideShare]

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 By: Andrew Batson, Director of Research, JLL

In case you missed it, the annual JLL Skyline Review is back. The newly released research highlights 52 markets across the U.S. and Canada for an up-close view of market conditions and key trends in commercial real estate. While the report analyzes top markets across the nation, many trends impact cities closer to home—including Cincinnati, Cleveland, Columbus, Detroit and Pittsburgh.

(Above: Explore trends and data from this year’s Skyline, across OH, MI and PA cities.)

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Top 5 Trends from JLL’s Annual Skyline Report

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  By: Andrew Batson, Manager of Research & Analysis, JLL

From coast to coast, our city skylines are a source of pride and community. It’s not surprising that top-tier office buildings in our urban cores continue to report lower vacancies, higher rents and more developer interest.

The anticipated Skyline Review is back, and more advanced than ever before.

Skyline-Register

In case you missed it in… Read More

5 U.S. Cities Positioned for Business Success

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business-561387_1920By: Josh Gerth, Vice President, JLL

We have all heard the phrase before: location, location, location. If you have plans to start a business soon, be sure you have this lasting phrase tucked in your back pocket.

We’re in the era of small businesses and startups popping up all over the U.S. In fact, the U.S. Small Business Administration reports that an estimated 28 million small businesses exist in the U.S., accounting for 54% of all sales. Competition for small business success is fierce, with an unfortunate 96% of small businesses failing within 10 years.

Before you finalize your business plans, sign an office lease and head down the road of entrepreneurship, choose the best location to accelerate success. You won’t have to travel far either, as the Great Lakes region is booming with perfect locations for your next small business. Beyond the finances, these cities are buzzing with new retail and residential hot spots.

Read below for five cities that are waiting to welcome your new business (and employees) home.

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Commercial Real Estate News Brief: April 2016

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CRE Industry UpdateIn 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 spotlights how U.S. office development is meeting demand, the benefits of engaged employees, and what it takes to be recognized as one of the healthiest employers in central Ohio—plus additional headlines across the region.

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

U.S. Office Development: Is Demand Being Met?

Office space in the U.S. is in high demand, and developers are doing all they can to create space. On top of the 140 million square feet delivered since 2010, an additional 88 million is currently being built.

Despite this growth, current development is lower than the previous cycle—by 49%. Why the big change? JLL’s recent report dives into the current cycle recovery, plus a shift in workplace preferences.

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Commercial Real Estate News Brief: March 2016

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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 spotlights workplace trends in 2016, the impact of cosharing office space, and what startups need to know when looking for new office space. 

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

Workplace Trends to Watch in 2016

CRE Industry UpdateA new generation (Generation Z) is officially entering the workforce in 2016. After seeing the impact millennials made on office space, we’re expecting fresh perspectives will spark change. According to a recent article from HubSpot, the biggest workplace trends of 2016 will include:

  1. Employee Transitions: Roughly 3.6 million Baby Boomers (born 1946 – 1964) are expected to retire in 2016 to make room for the first college graduates of Generation Z (born 1994 – 2010). Millennials (born 1980s – 2000s) are moving up the ranks into manager positions.
  2. New Office Designs: Offices are shrinking, opening up lounge areas and removing barriers between employees to foster productivity and good morale.
  3. The Technology Takeover: Technology is changing the way employees work. From retrieving information immediately to improving efficiency, technology is finding its purpose in the workplace. Technology may even replace the need for certain jobs—it’s predicted that machines may be able to do half of all jobs in the next two decades.
  4. Workplace Flexibility: More than ever, flexible work arrangements are driving employee decisions to stay at or leave a job. As a result, more professionals are choosing freelance jobs to have more control over their lives.

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Office Outlook: Great Lakes Market Trends to Watch (Research)

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By: Andrew Batson, Manager of Research & Analysis, JLL

Last year was strong for the U.S. economy. Markets large and small saw expansion in both employment and output.

In fact, according to JLL’s newly released Office Outlook report, secondary and tertiary markets are positioned to gain speed this year as economic expansion diversifies.

Across the board, two sectors drove domestic economic success in 2015. Technology and financial services were responsible for roughly 33% of total U.S. leasing activity in Q4. What’s more, since Q2 2014, about 50% of leasing activity represented companies undergoing expansion.
Market success

The good news doesn’t stop there. Even with the addition of 44.2 million-square-feet of new supply across the U.S., 2015 saw the lowest vacancy level in eight years.

According to the report, companies are “looking to new markets across the country as more than 1.7 million square feet of new-to-market leases were signed during the fourth quarter.” JLL experts have high expectations for growth this year, suggesting there is “no sign of a slowdown for [the] U.S. office market.”

How does the Great Lakes region stack up to national trends? Read on for highlights in your market from the Q4 2015 Office Outlook Report.… 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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