Tag Archives: Workplace Strategy

Columbus’ Technology and Startup Scenes are On The Rise

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By: Andy Effler, Senior Associate, Tenant Representation, JLL

Editor’s Note: This article was originally published on the Columbus Chamber of Commerce’s blog.

It would be hard for a big venture fund to look me in the eyes and tell me that Columbus is still considered a “flyover city.” In fact, a strong argument can be made that Columbus has landed (pun intended) on the map for viable startup companies and venture funds looking for a hot Midwest startup ecosystem to launch, join or invest in. What’s more, beyond the headlines of venture backed startups, there are big waves coming out of the arts, food, beverage and fashion companies that are enriching our city. I’m confident in saying that we are crafting the right recipe for a very bright future in Columbus.… Read More

Investors Drive Success in Pittsburgh’s Historic Buildings with Renovations

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Pittsburgh Renovations Report

Newly designed dynamic meeting space on the first floor of the Union Trust building in Pittsburgh.

Outside investment has been strong the last three years in Pittsburgh. As new owners are entering the market, they are breathing new life into the old office product and helping Pittsburgh keep pace with modern real estate trends.

Out of the current 28 office renovation projects, 11 have been completed. Thus far, the Union Trust Building has benefited the most. With just 39% occupancy when purchased out of bankruptcy in 2014, today the Trophy Class building is seeing over 91% occupancy; a more than 133% increase.… Read More

A How-to Guide for Creating a Workplace that Works

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By: Tim Kay, Managing Director, JLL

“You can’t un-bake a cake. The key ingredients have to be in there from the start.”  – Tim Kay, Managing Director, JLL.

Tim Kay, JLL Managing Director, speaks at Hobbs+Black Architects on the importance of workplace design, wellness and technology.

Early this summer I was invited by Hobbs + Black Architects and Interior Environments to speak at an event in Ann Arbor, Michigan highlighting the increasing importance of technology, wellness and design in the workplace. Similar to baking a cake, creating a workplace that aligns with a company’s culture and meets the needs of its employees involves a fine-tuned mixture of essential ingredients.

Together, these ingredients can help create a recipe for workplace success:

1 Cup Examining Your Current Culture

Does your current workplace represent your company’s culture? Does the persona your company portrays through its brand, social media, website and advertising match the physical environment? Culture and brand must align in the workplace so those first impressions gathered by prospective employees are supported by their impression when they visit your office for an interview. If there is a lack of congruency, the likelihood of successfully recruiting that talent is slim.… Read More

Higher Education Mandate 2017: Universities to Put Emphasis on Students, Faculty and Research

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By: Dean Monnin, Senior Vice President, JLL

Higher education

 

Now more than ever, both students and faculty are being more selective about the schools they choose to attend. With the amount students now pay for tuition, room and board, students expect modern amenities and world-class learning environments. Similarly, attracting top-tier faculty is just as competitive, as more schools look to implement the latest technology and research tools.

To accommodate, colleges and universities are turning to the private sector to help preserve resources and finding new ways to fund higher education construction. JLL’s Higher Education Mandate has identified four real estate trends that will impact universities this year.

1. Donors, Debt and Privatization Will Make New Buildings and Other Capital Projects Possible

Last year, education construction was at its lowest point in more than 15 years, while other industries experienced a 97% recovery peak in construction. As a result, many universities are turning to Public Private Partnerships (P3s) to fund facility development, as well as maintenance needed in older buildings.

P3s can ultimately help universities ease the burden of financial constraints while maintaining efficiency in the delivery of new construction and maintenance of it. In order for a P3 to be effective, however, universities will need to identify their key risks and how they should be shared among their public and private sectors.… Read More

Commercial Real Estate News Brief: December 2016

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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 to keep you in-the-know. In this month’s edition, JLL spotlights the 2016 election impact, virtual reality in CRE and predictions for 2017 workplace strategy.

Keep up with Spaces’ monthly recaps—subscribe today.

Steady CRE Outlook Forecasted in Wake of 2016 Election

JLL CRE News Brief

Newspaper image via NS Newsflash.

Similar to the aftermath of previous elections, many business owners are entering a period of uncertainty as they await the potential changes ahead. Most markets have remained fairly quiet following Trump’s win, while others have reacted positively. U.S. 10-year yields are currently hovering at 2% (its highest point in nearly eight months), while other markets have remained resilient compared to the Brexit impact.

The impact of Trump’s victory on the commercial real estate industry is still fairly uncertain. Financial markets have reacted in stride, which will create some form of stability for real estate activity. Although regulations on the financial industry are expected to loosen, which may lead to some market volatility.… Read More

Taking Notes from the Region’s Most Innovative Offices: 4 Tips

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By: Tim Kay, Managing Director, JLL

Above, JLL’s Detroit office brands itself with modern lounge areas, collaborative space and exposed ceiling beams.

As the fight for top talent grows even more competitive, office design is moving to the forefront of business strategy.

Tech leaders have forever changed workplace expectations. GoDaddy has go-karts for its employees at its headquarters in California, and Cisco Systems has an onsite health center.

While these companies are at the forefront of workplace innovation, we’re seeing trends from Silicon Valley and beyond trickle down into local cities in Ohio, Michigan and Pennsylvania.

Our local offices might not be as extreme (no, we’re not aware of a local office that’s home to go-karts), but we are moving into a new era for workplace design. So, what can you learn from some of the region’s most innovative spaces? We’ve highlighted four takeaways to incorporate into your next workplace strategy. … Read More

JLL’s Pittsburgh Office Fit-Out Encourages Mixture of Collaboration and Innovation

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

JLL Pittsburgh_Int Conference Room Closed w People_Copyright Sarah Mechling (1)

Over the last 10 years, JLL’s Pittsburgh office has grown from 50 employees to roughly 450. In addition to our local brokerage team, the Pittsburgh office is also a national hub for the firm’s Lease Administration and Property Service Center teams—hence the need for a new and improved space.

In case you haven’t heard, our team moved into JLL Center at Tower Two-Sixty this past May. The new space includes three floors (55,000-square-feet) and a balcony overlooking Market Square. Our team is honored to join the city’s elite skyline, but it didn’t happen overnight.

For the fit-out of our new Pittsburgh office space, we handed the reins to a team of four women to lead the charge on workplace strategy and design. In this post, I’ll dive into the team’s process, plus a quick look at JLL’s newly finished office.

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Co-Working Sparks a Real Estate Revolution

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By: Nick Francic, Senior Vice President, JLL

The co-working industry is thriving. More than 27 million square feet of space is home to co-workers across the U.S., according to a new report from JLL research. Many small businesses, startups and entrepreneurs are leaving the traditional office setting behind in exchange for the convenience, perks and community that come with a shared workspace.

Shared Work Spaces

And, with more and more emphasis on workplace design and strategy, the industry’s growth is no surprise. Companies like Regus, WeWork, Industrious, MakeOffices and others provide popular shared spaces packed with trendy amenities and the latest technology.

Bottom line: we don’t foresee the trend toward shared spaces slowing anytime soon.

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Commercial Real Estate News Brief: May 2016

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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 why workplace strategy is a must, the future of human-to-machine collaboration, plus new research on the commercial real estate market rebound.

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

The Need for a Workplace Strategy

Workplace design isn’t what it used to be. Old-fashioned office space embraces private rooms, closed doors, and the ratio of 1 employee to every 250 square feet. Now modern companies are putting couches in lounges, using open floor plans, and cutting the employee-to-square-feet ratio in half.

More than ever, we’re seeing an endless stream of workplace trends and fads. Some keep employees happy and productive; others are better left out of office …

Obviously, workplace design is not one-size-fits-all. The most successful and productive offices are driven by a customized strategy.

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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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