Landlord provided Tenant Improvement Allowances (also known as TIs or TIAs) have recently experienced significant spikes throughout the United States, as trends in office space and construction environments are emerging, driven by the following factors:
A significant volume of new inventory has had a major impact to supply and demand dynamics, as available office product is expanding faster than tenant demand. This trend is motivating landlords to compete for tenants with more
With traditional approaches to healthcare real estate proving too costly to keep up with rising (and changing) patient demand and compressed reimbursements, the industry needs to evolve to enhance the patient experience and maintain fiscal health.
JLL’s recently published 2018 Healthcare Real Estate Outlook highlights several strategies on the rise that aim to better serve patient needs while improving healthcare providers’ financial bottom line.
New types of real estate in more locations to… Read More
Shoppers today have more choices than ever. “Experience” has become a buzzword for the kind of interactive participation that encourages consumers to visit bricks-and-mortar stores.
But what makes for a good retail experience? And how important is it, really?
As it turns out, a powerful experience is very important to shoppers, according to JLL research. Brands that scored higher in categories related to experience outperformed their rivals in revenue growth, with the exception of mass… Read More
This month’s unemployment rate is 3.8 percent- a historical low, and for the first time since the statistic has been tracked, there are more unfilled jobs than there are people looking for jobs! The majority of those unemployed are women. Nor surprisingly, more educated women then educated men are unemployed- presumably choosing to stay at home to care for their children.
But the facts are more staggering than you think:… Read More
JLL announced today that it rose 35 spots to 356 on the prestigious Fortune 500 list, which tanks the 500 largest companies based in the United States by total revenue for their respective fiscal years.
The move places JLL among the companies that made the biggest moves up. JLL’s annual total revenue reached a record high of $7.9 billion in 2017 (or $14.5 billion recast to reflect the adoption of ASC 606*, unaudited,… Read More
Avenue of the Americas has outperformed all Midtown core avenues in recent quarters. Since the first quarter of 2017, AofA has seen five straight quarters of positive absorption in the Class A segment- a total of 1.6 million square feet. It has also seen Class A vacancy stop for six consecutive quarters, from 10.7 percent in the fourth quarter of 2016 to 6.5 percent in the beginning of this year.
Forbes has named JLL to its 2018 list of America’s Best Employers for the fourth consecutive year. The top companies represent 25 different industries, and JLL ranked first among commercial real estate firms in the Business Services and Supplies category.
Clients and third-party organizations continue to recognize JLL globally for its ethics, corporate citizenship and commitment to being an employer of choice.
As of January 2018, roughly 6.3 million job positions in the U.S. remained open but unfilled—a record high.
American companies have been creating about 150,000-200,000 net new jobs per month in recent years, keeping pace with labor force growth. But, according to the Manpower Group, roughly 40 percent of employers report difficulty filling jobs due to insufficient talent. And it’s not just tech or IT jobs—the jobs gap is impacting the… Read More
Following a city-wide trend of shrinking store formats, the average size for ground floor available retail space decreased in nearly all the prime submarkets tracked in the first quarter of 2018, according to JLL Research in New York. The lone exception was in Lower Fifth Ave, where it remained the same.
Manhattan saw more financial technology (fintech) leasing in 2017 than it had in the previous three years combined, indicating the industry’s significant growth potential. Fintech tenants signed 877,171 square feet of leases last year, led by JPMorgan Chase (JPMC) and Mastercard, which both signed leases for their technology-oriented operations groups. JPMC took 428,365 square feet at 5 Manhattan West while Mastercard took 212,500 square feet at 150 Fifth Avenue.