Monthly Archives: May 2018

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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