The craft brewing industry in America has exploded in recent years, with 36 states more than doubling their craft beer production from 2011 to 2016, according to The Craft Beer Guidebook to Real Estate from JLL. This growth has played a key role in the transformation of previously abandoned light-industrial buildings and turning barren neighborhoods into flourishing communities. The guidebook provides production and brewery data in New York and other states… Read More
In recent years companies have been trying to inject more of the fun factor into the workplace: Slides instead of stairs, swings to help creative ideas “flow,” and game rooms packed with lunchtime entertainment options.
What began as a tech industry trend has gone mainstream. More companies are creating playful space to help people unwind, engage and think outside the box. While modern office design and perks may provide a unique conversation… Read More
Work is changing- from the enhancement of our physical spaces to expectations from both employer and employees. JLL recognizes that. In a visionary look into the changing world of work, JLL presents the Future of Work, our proprietary model explaining our outlook on the evolving landscape and its impact on the next generation of corporate real estate.
The first dimension of our model is the human experience. Now more than ever, people… Read More
New York City is emerging as a leading destination for biotech startups and the larger life sciences industry. As illustrated in our New York research Snapshot chart this week, New York City now ranks second in life sciences funding from the National Institutes of Health (NIH), receiving $1.63 billion in 2016 (see chart below).
The Bureau of Labor Statistics estimates that more than 1,000 life sciences companies are located in the New York… Read More
JLL’s technology report “Cracking the hardest code: Where to find tech talent?” is an interesting and thought-provoking piece. Given the growing concentration of talent in software development and computer programming in tertiary markets like Albany, NY and Columbus, OH (among other surprising locations), will technology companies continue to pay sky-high office rents in Manhattan?
Ponder this: according to JLL Research, TAMI industry office-using employment, largely driven by technology companies, has increased by… Read More
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… Read More
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
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.
- Gone today, here tomorrow
Many markets are expected to enter… Read More
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
By JLL New York, Research
We often hear that Wall Street dislikes uncertainty, but Manhattan office tenants don’t appear to like it either. The last two presidential election years have coincided with a drop in new leasing activity, especially among large users—those 100,000… Read More