Category Archives: JLL

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 Tie building at… 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 real estate is… 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 each feature presentation,… 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

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 Apple? Our Research… 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

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 New York is… 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 of excellence, ethics… 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