Commercial Real Estate News Brief: March 2018

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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

JLL CRE News Brief

Newspaper image via NS Newsflash.

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.

Open Office Designs May Hinder Productivity

Despite open office design popularity, a recent survey from Staples reveals it may be doing more harm than help. The open concept is a dream for easy collaboration, but individual productivity may suffer as a result.

High noise levels, impromptu meetings, high traffic areas and emotions on display are all distractions that decrease productivity for many employees. Modifications such as “quiet zones,” partitions and strategic people pairings can help combat these issues so your employees can enjoy the perks of an open office without the nuisances.

Data Centers Prove to Be a Strong Real Estate Investment

Demand for connectivity, speedy internet connection and secure technology put data centers on the map as a strong commercial real estate investment. Bisnow analyzes these as five trends in the data center space:

  1. Data Center as a Service (DCaaS): Data center owners are offering consulting services to add value beyond simple storage.
  2. Increased Job Demand: Data center demand creates local jobs for both construction and general operations employment.
  3. Smart Cities: Data is the driving force behind smart cities and urban innovation, which improves transportation and public safety.
  4. Security: Data centers work to keep information safe; a real fear among companies and consumers.
  5. Focus on Location: Site selection is a driving force for growth, so global companies put a large focus on geographic location.