JLL continues to climb up Fortune 500

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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

Categories: 2018, award, Fortune 500 and tagged , .

Avenue of the Americas outperforms expectations

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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.

The corridor… Read More

JLL named one of America’s Best Employers According to Forbes

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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.

Read more on the subject here.

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Where are all the workers?

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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

Ground floor availabilities smaller in Q1, potentially in response to changing retailer needs

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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.

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Fintech emerges as Financial Services companies continue to invest

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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.

Quick bites: 10 global food trends to watch

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JLL unveiled its Global Food Trends report at ICSC’s Food for Thought conference in New Orleans this week, presenting the results of its search for the world’s biggest innovations in food service. With Americans now spending more on dining than groceries, these mega trends are set to shape the retail, food and beverage industries of tomorrow.

Experience Economy: The aspiration of experience over ownership

  1. Dinertainment: Consumers are looking for ways to incorporate more
  2. Read More

The 15 minute fad coming to your office

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When talking about trends in the workplace, there is one word that is repeated constantly. Collaboration. Employers are tasked with striking a balance between encouraging open communication and teamwork and still maintaining some element of privacy to accommodate the changing demographics taking over today’s’ offices.

Given that a large potion of the modern workforce is young, flexibility is becoming even more important to embrace agile meetings and daily check-ins. These collaboration opportunities… Read More

New York lands number 3 on City Momentum Index

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The pace and scale of change in today’s globalized, digitized economy is leading to an unprecedented transformation of our cities. As technology-enabled platforms lower barriers to entry and ensure that demand for talent and innovation becomes increasingly global, cities are needing to adapt and build environments that foster innovation ecosystems, talent and connectivity in order to maintain their competitiveness and gain the benefits of this rapid shift.… Read More

What is the City Momentum
Categories: 2018 and tagged , , , , .