As commercial real estate ‘matchmakers’ tasked with the demand for engaging experiential building amenities for tenants, we can’t help but want to dive deeper into the psychology of how our workspace affects us on a personal level. More critically, how it affects building-wide relationships- whether it be between broker and owner, tenant and landlord or employee and tenant. And most essentially, how cultivating this… Read More
The Midtown East rezoning deal struck between the New York City Council (Land Use Committee) and the de Blasio administration not only allows for new construction of approximately 6.5 million square feet of office space within the 78-block area around Grand Central, but is also intended to generate a minimum of $61.49 per square foot, or 20 percent of the… Read More
The NYC Department of Sanitation is leading New Yorkers to contribute zero waste to landfills by 2030. New business recycling rules were published in the City Record on February 5, 2016 and enforcement of these rules began last week on Tuesday, August 1st.
All businesses in New York City are now required to recycle certain materials and to ensure that those recyclable materials are properly handled by their private carters (to their… Read More
REBNY Research reports that the Manhattan retail leasing market is proving to be an outlier against the national retail slowdown. Increased interest from retailers has spread throughout Manhattan, showing that there is confidence in Manhattan retail overall.
As the market’s natural retail correction continues, Manhattan rental rates for 72% of… Read More
New York City is emerging as a leading destination for biotech startups and the larger life sciences industry. As illustrated in our New York research Snapshot chart this week, New York City now ranks second in life sciences funding from the National Institutes of Health (NIH), receiving $1.63 billion in 2016 (see chart below).
The Bureau of Labor Statistics estimates that more than 1,000 life sciences companies are located in the New York… Read More
Despite headlines about store closures, retail opportunity remains positive as new stores open and alternate paradigms emerge, especially in New York’s prime urban retail corridors.
In New York City’s upper Fifth Avenue shopping corridor, Under Armour will open its newest flagship store in 2018, in the former FAO Schwarz space vacated in 2015. Old Navy and The Gap will open flagships together in the former Toys “R” Us space in the Bow… Read More
Summer in New York City is in full swing and the HBO Bryant Park Film Festival is off to a successful start! The trailer of the JLL NYC anthem brand film officially premiered on Monday, June 19th before the start of the first film, King Kong, and will continue to run every Monday through August 21st before each feature presentation.
Our brand film strives to drill down to the heart of what… Read More
Our downtown office at 28 Liberty Street has been awarded WELL Certification at the Silver level by the International WELL Building Institute, the premier building standard to focus on people’s health and well-being through the built environment.
Think of WELL as a nutrition label for your office, providing transparency on the quality of your built environment. It’s a performance-based system and the certification required mindfulness from the space’s conception to its day-to-day… Read More
JLL’s technology report “Cracking the hardest code: Where to find tech talent?” is an interesting and thought-provoking piece. Given the growing concentration of talent in software development and computer programming in tertiary markets like Albany, NY and Columbus, OH (among other surprising locations), will technology companies continue to pay sky-high office rents in Manhattan?
Ponder this: according to JLL Research, TAMI industry office-using employment, largely driven by technology companies, has increased by… Read More