Category Archives: Leasing activity

The Future of Work | Continuous Innovation

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Accommodating the Liquid Workforce

How do you mesh today’s workforce of employees and freelance staff to create an environment that empowers the entire team and infuses your brand and culture? How can you make a flexible workspace while still creating a sense of belonging? And what mix of work areas will best empower freelancers without sacrificing a sense of ownership for full-timers?

While there is no one-size-fits-all answer, a workplace designed for a… Read More

Confidence continues in the Manhattan retail market

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REBNY Research reports that the Manhattan retail leasing market is proving to be an outlier against the national retail slowdown. Increased interest from retailers has spread throughout Manhattan, showing that there is confidence in Manhattan retail overall.

As the market’s natural retail correction continues, Manhattan rental rates for 72% 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… 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… 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

Q1: Returned blocks combined with slower leasing activity to drive vacancy higher

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New York Office Outlook | Q1 2015

JLL’s New York Research team has just released its New York Office Outlook for the first quarter – a wrap-up of leasing activity in Manhattan, including Class A vacancy and asking rates, along with a snapshot of conditions in capital markets.

Report highlights are as follows:

  • A number of available blocks of space—most of which had been anticipated by the market—were added during the first quarter that
  • Read More

Tech leasing gained momentum in February

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JLL NYC Research: March Tech Monthly

High-tech_blogJLL’s Tech Monthly reports on activity in New York’s tech sector, including employment growth, leasing activity, venture capital funding and companies hiring.

Key takeaways from our March update include:

  • Tech leasing gained momentum in February after soft activity in January (326,062 square feet compared with just 26,440 feet).
  • NYC tech start-ups raised $777.5 million in February, an increase in capital of 7.9
  • Read More

Midtown deal flow accelerates in February

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Manhattan Office Outlook | March 2015

MMU_Mar2015JLL’s New York Research team has just released its March Manhattan Office Outlook – a monthly wrap-up of leasing activity in Manhattan, including Class A vacancy and asking rates, along with a snapshot of conditions in capital markets.

Report highlights are as follows:

Midtown
After a lull in large block leasing activity in Midtown in January, deal flow accelerated in February… 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
  • Read More

Midtown & Lower Manhattan experience increased vacancy in January

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Manhattan Office Outlook | February 2015

MMU_Feb2015JLL’s New York Research team has just released its February Manhattan Office Outlook – a monthly wrap-up of leasing activity in Manhattan, including Class A vacancy and asking rates, along with a snapshot of conditions in capital markets.

Report highlights are as follows:

Midtown Manhattan
Midtown Class A vacancy rose to 11.4… Read More