Monthly Archives: April 2015

Technology is redefining financial services real estate

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Fintech, omni-channel strategies are re-shaping real estate demands, re-defining financial centers

As banks continue to recover from the last financial crisis they also face heightened regulation, potential for security breaches and a squeeze on expenses. According to JLL’s North American Banking Outlook, this is having a major impact on their real estate decisions. While banks still represent the largest occupiers of trophy Class A office space in most major cities, the financial… Read More

No slowdown in the influx of foreign capital – flight to safety continues

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New York Chart of the Week

PowerPoint Presentation

Four of the top seven closed deals in Manhattan during the first quarter involved foreign buyers:

  • The strengthening dollar seen during 1Q 2015 has not slowed down the pace of the acquisition of real estate, as foreign capital continues to increasingly target core assets in the Manhattan gateway.
  • First quarter activity, for transactions valued at $360M and greater, came
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Positive Y-o-Y employment gains posted by most sectors in February

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NYC Office Employment Update: March 2015

Employment_blogRead JLL New York’s employment update: a monthly snapshot covering key employment statistics and trends and the subsequent commercial real estate implications.

Highlights from the March update include:

  • New York City’s economy added 13,300 new jobs from January to February, pushing total employment to 4,166,400 payrolls.
  • At 6.6 percent, February’s unemployment rate was 1.6 percentage points lower than one year
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Tech leasing gained momentum in February

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JLL NYC Research: March Tech Monthly

High-tech_blogJLL’s Tech Monthly reports on activity in New York’s tech sector, including employment growth, leasing activity, venture capital funding and companies hiring.

Key takeaways from our March update include:

  • Tech leasing gained momentum in February after soft activity in January (326,062 square feet compared with just 26,440 feet).
  • NYC tech start-ups raised $777.5 million in February, an increase in capital of 7.9
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