Tag Archives: Office Space

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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Flexible Office Space is Creating Disruption in Midwest CRE

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By: Andrew Batson, Vice President, Director of Research

Flexible workspace is not just for millennial freelancers or tech startups anymore. Large, multinational companies are rapidly adding flexible workspaces to their global portfolios. Discover the global trends taking place within the flexible office sector and the implications for the Midwest, pulled from the complete Flexible Office Space Report.

The Ins and Outs of Flexible Office Spaces

Flexible space is a term used to describe a variety of office types used by occupiers to increase portfolio flexibility, reduce occupancy costs, and enhance collaboration. Co-working is the most common type, followed by executive suites and incubators. Co-working spaces and incubators tend to be located in downtowns or dense neighborhoods, while executive suites tend to be located in suburban areas near large employment centers.

Nearly half of corporations already use some type of flexible office solution, and by 2020, 65% of companies expect to incorporate co-working into their office portfolio.

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Is Your Workplace Culture-Friendly?

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By: Tim Kay, Managing Director, Project and Development Services, JLL

There is no singular, prescriptive answer to the question: what is the ideal office design? Every business demands custom design and functionality, all reflective of brand image.

One universal office space trend has emerged, however, and that’s culture. Next generation talent gravitates toward companies that emanate established, strong cultures. It’s also what keeps the current workforce there for the long haul.

Does your office space drive innovation, and reflect true brand identity and culture? If the answer is no, read on for insight into workplace trends that might (or might not) work for your business, as well as actionable tips for better alignment.

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Commercial Real Estate News Brief: May 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 foreign commercial real estate growth in the U.S., developer interest in Pittsburgh’s Carnegie Mellon project, and brand journalism trends in real estate.

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

Foreign Commercial Purchasing Surges on U.S. Soil

JLL CRE News Brief

Newspaper image via NS Newsflash.

In the first quarter of 2015, “commercial real estate transactions increased 45 percent by dollar volume,” according to research from Real Capital Analytics Inc., reported by Bloomberg. Demand is back—it’s raised competition among desirable properties, and encouraged investors to buy more rapidly throughout primary and secondary markets.

According to Real Capital, “Real estate deals surged $129 billion during the three months through March, marking the most active start to a year since 2007.”

Related Read: Aim Higher: JLL Presents The 2015 Digital Skyline

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Calling All Business Owners & Tenants: Should You Own or Lease?

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By: Rob Roe, Managing Director, JLL

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There is no blanket response to the question, “Which is better for business, owning or leasing property?” Every business’ unique structure and qualities must be assessed to determine the right path.

What’s more, the decision has potential to have a disastrous (or extraordinary) effect on bottom-line business success.

Traditionally, business executives, like CEOs, CFOs or treasurers, made the own/lease decision. In recent years, however, corporate real estate directors have played a larger role in the process. Regardless of point person, expert insight is a must when it comes to one of the largest expenses within your budget.

Are you at the crossroads of purchase or lease? Read on for more insight on smart decision-making.

Starting Point: 3 Business Benchmarks

As you begin the process, there are three key benchmarks to consider. Ignore your initial preference, and keep an open mind. The following factors may sway your line of thinking and lead to a smarter decision-making in the long run.

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Taking A New Approach To Workplace Productivity (SlideShare)

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

Leading companies look to the workspace to accelerate employee productivity and happiness. Take Google for example: The tech company’s office in Pittsburgh includes sectioned off cubicles, group meeting areas, a cargo net hammock, an indoor garden and raised catwalks. (Check out all the tour on Business Insider).

While all offices can’t be quite that cool, we can look for ways to make the workplace an efficient, desired destination for employees.

It all starts with workplace strategy. And unfortunately, many businesses miss the mark when it comes to focusing on the right objectives for corporate offices. For example, executives are focusing on how much work is getting done, without necessarily measuring the amount of work that actually has an impact on bottom line success.

In a recent survey, JLL found that 74% said “thinking, talking and brainstorming create the most value,” but only 24% actually spend a majority of their time on these behaviors.

We suggest taking a new approach, which begins with determining what kind of work brings the most value for individual organizations, and then planning an office space to support those activities. 

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An Inside Look at Cleveland’s Elite Workspaces: Q&A with President of Oswald Companies

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The office is the cornerstone of any business. It’s at the heart of organizational structure, productivity and external branding. JLL’s real estate experts get it. They are committed to securing the very best spaces to fit specific business needs. This is the first post in a series spotlighting a few of our region’s most elite workspaces.

In late 2010, Oswald Cos. approached JLL with a common problem faced by commercial real estate tenants. The Cleveland-based, employee-owned insurance brokerage firm did not have very flexible lease terms, limiting overall growth for the foreseeable future.

Not long after Oswald and JLL started searching the local market, space at 1100 Superior quickly rose to the top of Oswald’s list. The company moved into the spacious, 72,000-square-foot space on Superior Avenue in downtown Cleveland, in time to coincide with its 120-year anniversary in 2013.

OswaldCentreWith a brand new, state-of-the-art conference center, functional, modern design, leading technologies, and huddle rooms for collaborative and creative meetings, Oswald Centre qualifies among Cleveland’s most elite spaces.

Now that Oswald has had time to get comfortable in their new space, we met with company President and COO, David Jacobs, to see how he (and his employees) have adjusted to the new headquarters.

Q&A With Oswald President & COO, David Jacobs

Q: What has the last year been like since the company’s move?

A: Great! Actually, more than great. Our employees saw Oswald’s level of commitment to them. It meant a lot to them to know that they are so valued by the organization that leadership built a better environment specifically with them in mind.

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The 4-Step Formula to Measure Your Business’s Workplace Productivity

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By Dan Adamski, Managing Director, Jones Lang LaSalle

Today’s leading businesses are rethinking their workplace strategies. Companies are looking to design and occupy spaces that better reflect and serve end goals. This post is the fourth in a series based on research from JLL’s Workplace Strategy team, featuring JLL’s newly released infographic—Measuring Your Workplace Productivity.

According to Jones Lang LaSalle’s Global Corporate Real Estate Trends 2013 report, workplace productivity is top of mind… Read More

The Growing Role of Office Space in Business Success

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By Dan Adamski, Managing Director, Jones Lang LaSalle

Today’s leading businesses are rethinking their workplace strategies. Companies are looking to design and occupy spaces that better reflect and serve end goals. This post is the second in a series based on newly released research from JLL’s Workplace Strategy team on trending changes in office space. 

It’s true that workplace strategy has circled back to the forefront of discussion, bringing with it a call to… Read More

Build a Workplace That Nurtures Corporate Culture & Employee Productivity

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By: Rob Roe, Managing Director of Jones Lang LaSalle, Great Lakes Region

Today’s leading businesses are rethinking their workplace strategies. Companies are looking to design and occupy spaces that better reflect and serve end goals. This post is the first in a series based on newly released research from JLL’s Workplace Strategy team on trending changes in office space. 

JLL research recently discovered that 72% of CRE executives are now being held accountable… Read More