Monthly Archives: May 2015

Repositioned Brookfield Place Drives Downtown Absorption

0 CommentsBy

COW New York May 15 15

  • Formerly marketed as the World Financial Center, the downsize by Bank of America I Merrill Lynch at the 8.9 million-square-foot office complex resulted in a 2.6 percentage point increase in Downtown vacancy in 2012.
  • New leases by Time Inc., Hudson’s Bay, BNY Mellon, Jones Day, and others drove the
  • Read More

Cities Quiz: Test Your Global Knowledge!

0 CommentsBy

Put Global CIties IMageyour global knowledge to the test with the JLL Cities Quiz!

There are 10 cities to guess and each city has three clues. The fewer clues you use, the higher your mark!

Take the quiz and share your score with friends!  Join the conversation at @JLLCities #JLLCitiesQuiz

 

Find out more about JLL’s Cities Programme at the award-winning Cities Research CenterRead More

NYC captures bulk of state’s private sector job growth

0 CommentsBy

JLL New York Chart of the Week

COW_New York_May 7_V7

  • Of the 655,000 private sector jobs created in the state from 2004 to 2014, NYC accounted for 89.0 percent of net gains – making it an integral part of the state’s economy.
  • In 2014, 46.5 percent of the state’s private sector jobs were in NYC, up from
  • Read More

New York City is seeing green

0 CommentsBy

JLL’s Dana Robbins Schneider talks the benefits of retrofitting in the Commercial Observer

Dana Robbins Schneider, JLL Senior Vice President

Dana Robbins Schneider, JLL Senior Vice President

JLL Senior Vice President and energy and sustainability expert, Dana Robbins Schneider, was recently featured in an article in the Commercial Observer by Sara Pepitone, entitled “Green Day: The City and Landlords are Going Green,” which delved… Read More

Q1: Returned blocks combined with slower leasing activity to drive vacancy higher

0 CommentsBy

New York Office Outlook | Q1 2015

JLL’s New York Research team has just released its New York Office Outlook for the first quarter – a wrap-up of leasing activity in Manhattan, including Class A vacancy and asking rates, along with a snapshot of conditions in capital markets.

Report highlights are as follows:

  • A number of available blocks of space—most of which had been anticipated by the market—were added during the first quarter that offset positive absorption
  • Read More