Tag Archives: Commercial Real Estate Trends

Commercial Real Estate News Brief: April 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 headquarters cities, smart buildings and how to accommodate today’s “on-demand” workforce.

What Makes a Headquarters City?

JLL CRE News Brief

Newspaper image via NS Newsflash.

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:

  1. Access to talent
  2. Proximity to customers and influencers
  3. Global transit links, with local transit options
  4. Local incentives or tax breaks
  5. Employee experience

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Pittsburgh Commercial Real Estate News Brief: March 2018

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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 impacting Pittsburgh.

Pittsburgh Ranks in Top 20 Best Cities for Millennials

Pittsburgh was named on Niche’s Best Cities for Millennials list, landing in the no. 12 spot and surpassing cities like Chicago, Portland, Austin and Atlanta. The list takes into a count a number of factors to determine each city’s ranking, including:

  • Access to bars and restaurants
  • A city’s walkability
  • Ethnic, generational and economic diversity
  • Cost of living
  • A city’s higher education rate

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Louisville Commercial Real Estate News Brief: March 2018

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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 impacting Louisville.

Louisville Unveils Strategic 20-Year Growth and Development Plan

Louisville Metro Government released its comprehensive 20-year plan focused on land use, growth and development in the region through the year 2040. The new plan builds off of Cornerstone 2020—the plan used to guide the region from 2000 to 2020.

The 20-year plan focuses on walkability, green space, varying methods of efficient transportation along with a heavy focus on affordable housing development. Other pieces of the plan put emphasis on the potential redevelopment of vacant or abandoned lots and housing.… Read More

Michigan Commercial Real Estate News Brief: March 2018

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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 impacting Ohio markets, including Ann Arbor, Detroit and Grand Rapids.

Historic Retail Site Along Detroit’s Avenue of Fashion Gets a Makeover

Developer Matt Hessler recently broke ground on an $8.3 million redevelopment project on the site at Livernois and Seven Mile Road in Detroit—the site of the former B Siegel department store. While the former store undergoes renovations, approximately 20,500 square feet of commercial space and 10 multifamily units will be developed between within a two-story building along Steopel Street and Livernois.

In addition to the commercial retail and residential space, underground parking will also be available for tenants and visitors.… Read More

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.… Read More

Pittsburgh Commercial Real Estate News Brief: February 2018

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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 impacting the Pittsburgh market.

UPMC and University of Pittsburgh Announce Medical Development Project

Together, UPMC and the University of Pittsburgh announced plans for an Immune Transplant and Therapy Center in Bloomfield just one block away from UPMC Shadyside. The development follows the string of the $2 billion investment commitment to area specialty hospitals in the region, including the UPMC Vision and Rehabilitation Hospital, UPMC Heart and Transplant Hospital and UPMC Hillman Cancer Hospital.… Read More

Commercial Real Estate News Brief: February 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 commercial real estate markets, coworking corporations and prestigious office space locations.

Investors Assess Real Estate Market Dynamics

JLL CRE News Brief

Newspaper image via NS Newsflash.

As commercial real estate markets continue to multiply in size and specialisms, no two cities are the same. A new article from JLL Real Views breaks down the peer groups of some of today’s top cities and how the market dynamics in each impact investment.

Factors like affordability and adaptability will continue to influence real estate investment and encourage modern cities to develop new, creative routes to success. And while elite players like London, New York and Hong Kong are positioned as global leaders, emerging mid-sized cities are catching the eye of investors and businesses.… Read More

Pittsburgh Commercial Real Estate News Brief: January 2018

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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 impacting Pittsburgh.

Pittsburgh’s 1600 Smallman to be Transformed into One of a Kind ‘Industrial Chic’ Space

Developers of 1600 Smallman, located on the west end of the Strip District, are gearing up to transform the space into a true, first of its kind office in the Pittsburgh submarket. Formerly an industrial warehouse space, developers plan to take the vintage charm of the space and update it with modern amenities.

The building once sat vacant for 40 years, but will now undergo renovations, including:… Read More

Louisville Commercial Real Estate News Brief: January 2018

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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 impacting Louisville.

Louisville to Expand Downtown Business Improvement District

Beginning in early 2018, the Louisville Downtown Partnership plans to expand the Business Improvement District, also known as the Louisville Downtown Management District.… Read More

All Eyes on CLE: Why ‘The Land’ Is Capturing Investor Interest

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By: Andrew Batson, Director of Research, JLL

Cleveland Key Tower

Image Credit: Tim Evanson

Cleveland has earned national media attention for its continued revival—and it’s paying off. In just the last two years alone, office investment sales in Cleveland have totaled more than $550 million. In fact, sales volumes are approaching pre-recession levels with steady improvements since 2010. So, what’s catching the eye of these investors?

The city’s office market is tightening following a boom in demand for residential space from millennials, causing many former office buildings to be redeveloped into multifamily units. Because of the influx of young professionals downtown, businesses are also picking up on the perks of being in the urban core, which has heightened confidence from both in- and out-of-state investors.… Read More