Category Archives: Commercial Office Space

Doing WELL at our Downtown Office

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Our downtown office at 28 Liberty Street has been awarded WELL Certification at the Silver level by the International WELL Building Institute, the premier building standard to focus on people’s health and well-being through the built environment.

Think of WELL as a nutrition label for your office, providing transparency on the quality of your built environment. It’s a performance-based system and the certification required mindfulness from the space’s conception to its day-to-day operations. Our offices… Read More

Cracking the hardest code

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JLL’s technology report “Cracking the hardest code: Where to find tech talent?” is an interesting and thought-provoking piece.  Given the growing concentration of talent in software development and computer programming in tertiary markets like Albany, NY and Columbus, OH (among other surprising locations), will technology companies continue to pay sky-high office rents in Manhattan?

Ponder this: according to JLL Research, TAMI industry office-using employment, largely driven by technology companies, has increased by nearly 29% since… Read More

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 fundamental practice of… 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 foster interaction, increase… 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 a period of… 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 tech companies a… Read More

TrendSpotting: Co-working in the Corporate Environment – Part II

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As discussed in Part I, co-working is a positive trend in real estate that is taking over our offices and the headlines in industry news. Co-working models are becoming specialized by industry and are beginning to morph and blend in different ways, leading to even more iterations and opportunities for change. Organizations within the same industry, or who share similar business lines or services are exploring corporate co-working models, and discovering opportunities for mutual… Read More

Trend Spotting: Co-working Corporates, Part I

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If you opened a door in your office, and found 20,000 square feet of empty, unused space, what would you do with it?

“Use space as a differentiator. This is an increasingly popular trend in real estate. People are taking their spaces and using them for co-working in order to distinguish themselves and their working environments.” says Senior Vice President of Workplace Strategy at JLL, Phil Kirschner. Reliance on technology is increasing due to the Fourth Industrial Revolution taking hold in New York City, meaning that the workforce must be even more technologically-savvy than ever. As the workforce transforms into a younger demographic with a different skillset, they begin to dictate real estate trends.

Young women working at home office or co-working space

Young women working at home office or co-working space, courtesy of Thinkstock

These younger “techies” are not used to being tethered to a desk, stuck in an office building from 9 to 5. Rather, … Read More

Connecting #NYCTech to Work Spaces in New York City

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Image of the square:TECH homepage

JLL’s the square:TECH a new microsite designed to connect tech companies with workspaces in New York City

New York City has the fastest growing tech community in the United States. New York’s “Silicon Alley,” the aptly named, ever-expanding tech community, is often compared to the West… Read More

Part Two: Behind the Scenes, Property Management

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This is the SECOND part of a two part interview series, with JLL’s Linda Aronson Leader of the Tri-state property management team. Click here to read part one.

PART TWO:  HOW DO I BECOME A PROPERTY MANAGER

Cutaway Office Building with Interior Design PlanGiven that property management bridges the gap for ownership and tenants, how do you ensure you have theRead More