Author Archives: JLL New York

Will bank branches on every street corner become a thing of the past?

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A 20% decrease in bank branch locations is expected over the next 10 years

We’ve all heard the catch phrase “bricks versus clicks.”  But have you considered the cost savings tied to bank branch evolution from bricks to clicks?

Simple math tells an astonishing story: the cost per transaction through a bank teller is $8.00; the cost per transaction via a mobile app is $0.08.  Mobile deposit, transferring and banking has changed the… Read More

JLL promotes the workplace of the future

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TAMI tenants may prefer to hold a lunch meeting in Bryant Park with a Halal falafel and a $3 bottled water, but they demand first-class lobby concierge, wellness, gourmet food and more in the office. And it’s paying off. Large user tenants recently signed leases on New York’s West Side for >$100 per square foot that may include outdoor space, bike storage, fitness centers and pet-friendly facilities to help their organizations… Read More

Location, location, location: Transit-served markets boast best stats

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Submarkets with public transportation access have significantly stronger office fundamentals compared to those without transit, according to the Transit Served Market Report 2017. Vacancy in transit-accessible submarkets is 370 basis points lower than in non-accessible ones, while rents are 79.5 percent higher. And New York City has some new mass transit options that are opening up new geographies and submarkets.

Why does location matter?

If you’re an investor or developer seeking long-term holds,… Read More

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Top 10 Global CRE Trends for 2017

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Are you trying to keep up with the relentless pace of change forced by digital disruption? Battling with increased volatility from uncertain economic growth and geo-political ambiguity? Are you wondering how to best adapt business strategies in 2017 to encourage essential innovation and growth for greater returns and stability?

JLL’s perspective on the top 10 global corporate real estate trends in 2017 shows how macro issues such as open innovation, agility, intelligent… Read More

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Employment Update: July 2016 from New York Research

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The JLL New York Research Team has released their latest report, the New York Employment Update, which is a monthly review and analysis of the local economy and the overall employment situation and dynamics.

Some highlights of the report include an employment pickup that occurred in June, piloted by an 8,000 job-expansion month-over-month. Total employment remains elevated by 1.9 percent year-over-year.

So what does this mean for commercial real estate in the Big… Read More

5 key trends shape mid-year Skyline update

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Last week, JLL launched a mid-year update to the 2016 Skyline Report, which provides online access to current market intelligence for the most iconic offices across our skyline. JLL’s Skyline provides insights on office supply, demand, rents and leverage for the top-tier office market within CBDs and urban cores. Five key trends shape this update, and below see how they impact our City.

  1. Gone today, here tomorrow

Many markets are expected to enter… Read More

New York is most liquid hotel market in the world

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According to a new special research report from the JLL New York Research and Hotels teams, New York is the most liquid hotel market in the world.  2015 marked the city’s highest volume of transactions and highest-priced transaction on a per-room basis. Hotel performance will be under pressure in 2016 and 2017, given the city’s elevated supply pipeline, economic volatility in major source markets and the impact of home-sharing sites, but… Read More

JLL a Top Attractor according to LinkedIn

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JLL is proud to be included on LinkedIn’s Top Attractor’s list of 40 companies that, according to LinkedIn data and analysis, are the best at attracting and keeping top talent.

LinkedIn Top Attractors-Facebook_Social_Share_US_1200x628

It is the first ranking of its kind based entirely on user activity such as job applications, career website engagement and employee retention. JLL is the only real estate company on the list.

“We are committed to a culture… Read More

Technology Firms Wired Over JLL TechSpec

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JLL’s new unique platform, TechSpec, gives technology companies an advantage when it comes to finding and securing the perfect space for growing their business.

Finding an office space that fits a companys’ needs can be a struggle, but it doesn’t need to be thanks to JLL’s new website TechSpec. TechSpec is a revolutionary site that technology companies can visit for help finding the best office space to grow their business. TechSpec offers… Read More

JLL’s Dana Robbins Schneider Moves NYC to a Greener Future

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Climate change is one of the greatest challenges facing our generation, and JLL’s Dana Robbins Schneider has partnered with the City of New York through #OneNYC to reduce our footprint on the environment.

At the beginning of 2015, the City of New York brought together leaders from the real estate industry, engineers, architects, academics, and affordable housing experts to form the Technical Working Group (TWG). The group was gathered to develop a… Read More