Category Archives: Commercial real estate

Hudson Yards/Manhattan West update: New and improved product continues to draw from Midtown

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As Hudson Yards/Manhattan West takes shape, more and more traditional Midtown tenants have committed to the new and renovated quality spaces on the Far West Side, according to JLL Research. The westward trend continues as two more relocations from Midtown were reported in August: Business services firm… Read More

One Vanderbilt unveils additional building details

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Across the street from JLL’s Midtown Manhattan office, one of New York City’s soon-to-be-tallest buildings is slowly emerging from the ground. One Vanderbilt, the 1,401-foot tower developed by SL Green, has now reached street level, and its official Instagram has been actively sharing both its progress and plans.

In addition to… Read More

Midtown East rezoning to spur development of new office towers

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The Midtown East rezoning deal struck between the New York City Council (Land Use Committee) and the de Blasio administration not only allows for new construction of approximately 6.5 million square feet of office space within the 78-block area around Grand Central, but is also intended to generate a minimum of $61.49 per square foot, or 20 percent of the… Read More

One door closes, another opens – to opportunities

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Despite headlines about store closures, retail opportunity remains positive as new stores open and alternate paradigms emerge, especially in New York’s prime urban retail corridors.

In New York City’s upper Fifth Avenue shopping corridor, Under Armour will open its newest flagship store in 2018, in the former FAO Schwarz space vacated in 2015. Old Navy and The Gap will open flagships together in the former Toys “R” Us space in the Bow… Read More

JLL’s New York Anthem film premieres at the HBO Bryant Park Film Festival

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Summer in New York City is in full swing and the HBO Bryant Park Film Festival is off to a successful start! The trailer of the JLL NYC anthem brand film officially premiered on Monday, June 19th before the start of the first film, King Kong, and will continue to run every Monday through August 21st before each feature presentation.

Our brand film strives to drill down to the heart of what… Read More

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… 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… Read More

1 week countdown: JLL anthem film at the HBO Bryant Park Summer Film Festival

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The HBO Bryant Park Summer Film Festival kicks off in less than one week! From June 19 to August 21, the lawn at Bryant Park turns into Manhattan’s own outdoor movie theater as throngs of people invade its green grass each Monday evening at 5pm, as screenings begin at sunset. Ten classic movies will grace the outdoor big screen in 2017, with titles ranging from King Kong to Dirty Dancing.

This year, before… 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… 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