Category Archives: New York metropolitan

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

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

Retail Round-Up!

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With ICSC #NYnDM taking over the Javits Center in New York this week, we thought we would do a round-up all things retail news…

Podium on fashion showCHECK OUT: Retail Runway…

JLL’s retail blog takes a look at the retail runway at ICSC New York and highlights the three major themes. What’s the great news for New York City? Urban store presence and Health and Fitness are #1… 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

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 offset positive absorption
  • 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 percent month-over-month and
  • 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 with three transactions… Read More

Advice for Law Firms

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Video 5: Advice for Law Firms
In the final video of our law firm series, Kenneth Siegel advises law firms to keep an open mind and put historical notions to the side when making occupancy decisions. He also encourages such companies to focus on the future needs and commuting patterns of their populations when planning over the long term.

U.S. law firms typically face more supply constrains than companies in nearly any other industry. Why? Law firms typically… Read More

Law Firms: The Impact of Technology

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Video 4: The Impact of Technology
Kenneth Siegel explores the way technological advancements and tools have supported the downsizing trend, reducing the space and investment required for libraries and closings, and helping associates to be more independent with regards to drafting.

U.S. law firms typically face more supply constrains than companies in nearly any other industry. Why? Law firms typically want offices in premium, Class A space in central locations—the tightest segment of U.S. office markets.

With fewer… Read More