Category Archives: Hotels & Hospitality

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

Tech, tourism lead post-recession job growth

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New York City Chart of the Week

PowerPoint Presentation

  • Once a growth engine for the city, Manhattan’s financial services sector shrank by 6.4 percent from 2007 to 2014. The sector’s share of overall leasing activity fell by 9.0 percentage points over the same period.
  • Though a small portion of overall jobs, the tech sector had the fastest employment
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Every building tells a story and every project inspires a solution

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See what’s possible…

Check out the video below to see what is trending and how JLL’s project and development services team has collaborated with clients to create inspirational spaces.

With over 60+ projects included, from hotel renovations to a museum exhibit installation, our project management team closely works with each client to make each program a success.

See what’s possible: http://www.us.jll.com/pdsbook

 

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With few exceptions, NYC employment has consistently risen over the last year

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New York City total nonfarm employment continues to set new records in May

Slide 1JLL’s New York City Employment Update covers key employment statistics and trends, and the subsequent implications for real estate.

Highlights from the July update include:

  • New York City total nonfarm employment continued to set new records in May, edging upward to 4,036,500.
  • NYC private sector employment grew by 2.3 percent, or 77,700, year-over-year.
  • The
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Manhattan: the most active U.S. hotel investment market

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Conditions are certainly hot in the New York hotel investment market.

WithHotel_Report total hotel transaction volume of $1.8 billion, Manhattan was the most active market nationally in 2013, outranking Oahu Island, San Francisco, Los Angeles, Boston and Washington, D.C.

And in 2014, JLL’s Hotels and Hospitality Group expects that $1.8 billion figure to increase to between $2.7… Read More