Tag Archives: High Tech Industry

Pittsburgh Market Commercial Real Estate News Brief: May 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 impacting the Pittsburgh market to keep you in-the-know.

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Tech Companies Keep an Eye on Pittsburgh Market

Pittsburgh is already home to a number of tech giants like Google, Facebook and Uber. Now, Apple, which currently employs 1,275 people in the state, is considering expansion in its Pittsburgh locations.

It remains unclear whether the expansion would include the retail or corporate side; however, the company made big increases in its corporate office over the last few years. Upon arrival in 2001, the company employed just 10 people in its Three Crossings office. Today, it employs nearly 50, which includes mostly software engineers.

All the movement in the tech industry has had a significant, but positive impact on the city of Pittsburgh. According to a 2014 study, Pittsburgh ranked second in intergenerational upward mobility among large metro areas. This is largely due to the high number of tech, energy and robotics companies moving into the metro area.… 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

4 Trends Driving the Data Center Industry (and What It Means for Commercial Real Estate)

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By: Christian Beaudoin, Midwest Markets Research Director and Andy Cvengros, Associate Director of JLL’s Technology Practice Group JLL_Data Centers Image

Data center stocks experienced rapid, upward momentum throughout the early months of 2016, with an average gain of 19% during the first quarter and 50% in the second quarter.

What’s more, the cloud managed services market is forecasted to grow to more than $76 billion by 2021 globally (it’s currently at more than $35 billion!).

It’s clear that the future is bright for wholesale data centers. That said, providers must stay on the cutting edge to keep up with shifting sovereignty laws, high demand for cloud technology, and more sophisticated IT resource planning.

JLL’s newly released Data Center Outlook dives into the industry changes you should have on your radar. Read on to learn about how companies are adapting to the biggest data center trends.

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