Tag Archives: Commercial Real Estate

Commercial Real Estate News Brief: September 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 on the latest trends. In this month’s edition, JLL spotlights 3D printers, the data center market and worthwhile office tweaks.

3D Printers Offer Faster, More Cost-Effective Construction

3D printerJLL Real Views… Read More

Commercial Real Estate News Brief: July 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 why men prefer brick-and-mortar shopping, what to expect from the modern workplace and the impact of people moving to cities faster than jobs.

Men Still Want to Shop In-StoreCRE News July

A recent article from JLL shows that men prefer brick-and-mortar stores, which is part of the larger customer experience (CX) trend. Many men would rather go to a physical location where they can get a hands-on experience.

Why are men shopping in-store?

  1. Men want to touch and feel products before they buy them.
  2. Men want personalized convenience.
  3. Millennial men, in particular, are as interested in the shopping experience as the products they buy.

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Commercial Real Estate News Brief: January 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 from December to keep you in-the-know. In this month’s edition, JLL spotlights tech innovation in commercial real estate (CRE), the energy industry’s impact on CRE, and Columbus’ economic success in 2015—plus your latest headlines across the region. 

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

CRE Tech Evolution: From Pen & Paper to Real-Time, Cloud-Hosted Data

Startups are revolutionizing CRE operations—from the slow-to-adapt, to the tech savvy.

And it’s about time, considering CRE is a major, $12 trillion information business according to a recent article via TechCrunch. With automation supporting the transactional side, brokers can sharpen focus to building lasting relationships.

Plus, real-time information and cloud-hosted databases allow for greater collaboration across teams and more streamlined workflows.

“Ultimately, these tools save agents time and their parent firms money, leading to leaner and more profitable businesses.” – TechCrunch

Across the industry, brokers with access to fast and accurate data will ultimately manage expensive commercial assets with greater ease and success. Read More

JLL’s Great Lakes Team Celebrates The Holiday Season By Giving Back

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By: Dan Wendorf, Executive Vice President, JLL

Across the Great Lakes, JLL gives philanthropy a starring role in holiday festivities. Every year, our teams in Cincinnati, Clevleand, Columbus, Detroit and Pittsburgh find new ways to connect with the community and give back to non-profits that we’re passionate about.

This holiday, employees in Cleveland and Columbus dedicated their time, energy, and resources to donate to those in need.

The Columbus office partnered with DawsonCareers to contribute to the Toys for Tots toy drive—all in the hopes of an even merrier Christmas for Central Ohio children.

Toys for Tots

(Above) JLL’s Columbus team donates gifts to Toys for Tots.

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Retailers: 2015 Holiday Shopping Revenue Looks Merry and Bright (REPORT)

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By: Mary Bresnahan, Vice President with JLL and Melissa Ruther, Vice President with JLL. 

The 2015 holiday season is projected to be merry and bright for retailers across the country. JLL recently conducted its annual Holiday Sentiment Report, which revealed retailers’ expectations and preparations for the upcoming holiday shopping season.

So what’s so special about this year? For one, the U.S. unemployment rate is at its lowest since 2008, which means more spending money for shoppers.

The calendar also plays a significant role in influencing consumer shopping patterns this year. With Christmas falling on a Friday (the first time this has happened since 2009), 71% of retailers predict after-Christmas shopping will boost holiday sales. The shopping season is also longer this year, with the time between Thanksgiving and Christmas extended by one day. The majority of retailers (68%) expect the extra day to have an impact on sales.

Holiday

Among the hustle and bustle of what looks to be a promising holiday season for retailers, how can your shop stand out and make a splash? Below we’ve identified three tips that will help drive sales, increase foot traffic, and unify the in-store and online shopping experience.… 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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Data Center Market Moves to the Forefront of Real Estate Strategy [NEW RESEARCH]

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By: JC Pelusi, Market Leader, and Managing Director

The accessibility of big data has already revolutionized the way we do business … and it’s only the beginning.

Gartner predicted earlier this year that, “By 2020, information will be used to reinvent, digitalize or eliminate 80% of business processes and products from a decade earlier.”

As businesses become more sophisticated in the way they manage, store and interpret data, corporate norms will continue to shift. It’s not surprising then that data centers have become key economic drivers—creating new jobs, capital investment opportunities and strengthening surrounding business markets.

In the next five years, the data center market is projected to undergo exponential growth, according to JLL’s newly released 2015 Data Center Outlook. As businesses continue to outsource their IT systems, lease third-party data center facilities and incorporate cloud services, this market will continue to thrive.

Read on for trends affecting data centers and how your business can change its current strategy to align with the shifting market conditions ahead.

Factors Impacting Data Center Market Supply & Demand

Technological advancements and subsequent business practices are having a direct impact on data center supply and demand. Here’s what you should know.

What’s driving demand? 

Companies in the transportation and utility sectors, as well as local governments, have welcomed the benefits that come with the Internet of Things (IoT). Luckily, the IoT is still in its infancy. According to ABI Research the “Internet of things market will grow significantly from 1.2 billion business-to-business connections in 2013 to 5.4 billion connections in 2020.”

How does it relate to data centers? IoT is dependent on the data center market offering secure network connectivity and cloud storage for various devices and programs. Disaster recovery and the need for improved cyber security are also key focus areas for IT decision makers.

Demand

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Announcing The Grand Opening of Mixed-Use Metroplex, Liberty Town Center

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By: Todd Pease, Vice President, JLL

Today, the long-awaited Liberty Town Center officially opens to the public. Grand opening festivities include live music, fireworks, yoga, among others, and will stretch through October 25.

Beyond opening weekend events, the $350 million, 100-acre center will be the focal point between two merging cities, Dayton and Cincinnati. The emerging mixed-use metroplex includes retail, restaurant, hotel and residential space—as it perfectly meets the needs of a growing millennial employee base.

Steiner + Associates partnered with Bucksbaum Retail Properties, and office developer, Daimler Group, to build Liberty Center. Names ring a bell? Steiner also co-developed Easton in Columbus, one of the top most innovative malls in the world.

Read on for what to expect during your next visit to Liberty Center.

Opening

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Commercial Real Estate News Brief: September 2015

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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 green building trends, the Detroit Free Press returning to market, and a new crowdfunding platform for restaurants.

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

JLL Supports Crowdfunding for Foodies

Bars and restaurants can revitalize a neighborhood.

With this belief, JLL has partnered with EquityEats, a crowdfunding platform for food and beverage businesses, to provide “capital raising solutions, connecting entrepreneurs and investors to the restaurant and bar industry.”

The concept is simple: JLL wants to support EquityEats’ mission to uplift communities and retail spaces with fresh new restaurants. In an investing activity that’s typically been done individually for restaurateurs, the crowdfunding platform will instead enable community members to support new restaurant projects.

EquityEats

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Commercial Real Estate News Brief: August 2015

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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 the latest technology trends in real estate, emerging biotech markets, and the booming intermodal industry in Columbus, Ohio.

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

The Tech Industry Drives CRE Revenue, Innovation

According to JLL’s CEO of Markets, John Gates, “Technological advances in the commercial real estate (CRE) sector have accelerated exponentially in the last few years impacting tenants, investors and brokers alike.” In his recent contribution to National Real Estate Investor (NREI), Gates outlined how the CRE industry has embraced technology in the following ways:

  1. Tech companies are growing and expanding. Tech companies made up 20.8% of U.S. leasing activity in the past year—and have left a major footprint on CRE market conditions. With declining office space in cities previously known to be tech hubs, new tech hotspots are surfacing across the country.
  1. CRE companies are adapting to technology. The industry itself is seeing an influx of new tools and platforms. According to Gates, “… even the most ‘old school’ real estate professionals are realizing how critical technology is to every phase of the real estate lifecycle.” CRE trends to watch include commercial drones, augmented and virtual reality programs, and experience-enhancing mobile applications for investors and tenants.

JLL is a leader in the commercial real estate tech space. In recent years, JLL has introduced new technologies to its tenant and investors including Blackbird, HiRise and Red.

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