Category Archives: Office Outlook

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

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
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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 percent in January… Read More

Expansionary leasing activity drives growth across markets

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JLL Q4 U.S. Office Outlook

JLL’s Q4 U.S. Office Outlook highlights economic and real estate conditions in Q4 and forecasts for 2015 and beyond. Key findings from the recently released report include:

  • Swelling corporate confidence and economic growth fueled net absorption of 54.7M s.f. in 2014 (36.7 percent increase from 2013), with 2015 forecast calling for growth to uptick by another 25 percent.
  • Total vacancy declined 15M s.f. from year-end 2013—from 16.6 percent to 15.6 percent—its lowest
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Midtown South Class A vacancy tightens to lowest level since 2007

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Manhattan Office Outlook | November 2014

MMU_Nov2014JLL’s New York Research team has just released its November 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 asking rents were mostly unchanged in October while vacancy… Read More

U.S. office market experiences tightest fundamentals of last eight years

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Following from the recent release of JLL’s Q3 U.S. Office Outlook, in the video below, JLL’s Managing Director of U.S. office market research, John Sikaitis, discusses the state of the national office market and expectations for the coming months, as of October 2014.



Download your copy of the Q3 2014 U.S. Office Outlook for a complete market review.… Read More

U.S. office sector posts lowest vacancy rate of the recovery

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JLL has released its Q3 2014 United States Office Outlook

Q3USreport_blogOverall, the outlook for the U.S. economy is positive, with businesses continuing to invest more in people and products. Economic momentum is picking up, and tenants are continuing to expand.

On the investment sales side, activity is up 38 percent year-to-date, and investment profiles diversified. Most of the large deal flow was heavily concentrated in New York City… Read More

Midtown Class A Vacancy Falls Sharply

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Manhattan Office Outlook | September 2014

MOU_Sep14JLL’s New York Research team has just released its September 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 fell sharply in August to 10.7 percent from 11.2 percent in July while asking… Read More

Manhattan Office Outlook | August 2014

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Midtown South experiences an uptick in July

ManhattanOO_Aug2014JLL recently released its 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
Though leasing activity in Midtown was light for July, the Midtown Class A vacancy rate decreased to 11.2 percent from 11.5 percent… Read More

Q2 NY Office Outlook: Large block leasing activity drives vacancy lower as confidence increases

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Like the greater U.S. economy, recovery in the Manhattan office market has been slow but tangible.

Office_reportJLL’s Q2 New York Office Outlook reported on conditions in the nation’s largest office market over the quarter and the year so far.

Report highlights are as follows:

  • The Manhattan office vacancy rate fell to 10.6 percent from 11.1 percent – its lowest level in two years – as a result of several major leases
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