Tag Archives: JLL Research

Life sciences poised for rapid growth in NYC

0 CommentsBy

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 metropolitan area, with… Read More

Cracking the hardest code

0 CommentsBy

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 nearly 29% since… Read More

Will bank branches on every street corner become a thing of the past?

0 CommentsBy

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

Employment Update: July 2016 from New York Research

0 CommentsBy

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

0 CommentsBy

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

0 CommentsBy

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

Trend Spotting: Presidential Election Years

0 CommentsBy

Presidential Election Years and New Activity in Manhattan JLL research

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 square feet or… Read More

Cities Quiz: Test Your Global Knowledge!

0 CommentsBy

Put Global CIties IMageyour global knowledge to the test with the JLL Cities Quiz!

There are 10 cities to guess and each city has three clues. The fewer clues you use, the higher your mark!

Take the quiz and share your score with friends!  Join the conversation at @JLLCities #JLLCitiesQuiz

 

Find out more about JLL’s Cities Programme at the award-winning Cities Research CenterRead More

Growing loss factors magnify Manhattan occupancy costs

0 CommentsBy

Chart of the Week: December 1, 2014

PowerPoint Presentation

  • Increasing loss factors—the difference between occupied space and the amount of space tenants pay for—has resulted in higher occupancy costs over time.
  • Tenants can end up paying more money for the same, and sometimes less, occupied space, even with base rent discounts.
  • The Manhattan office inventory has increased approximately 10 percent from 2000
  • Read More

Chart of the Week: Financial services sector continues to account for most leased space

0 CommentsBy

New York Chart of the Week: July 21, 2014

PowerPoint Presentation

  • A number of large leases enabled the financial services sector to solidify its place in the top spot in terms of leasing activity YTD.
  • Despite stagnant employment growth and increased regulation, the sector—long dominant in office leasing—captured almost one-third of YTD leasing activity compared with 21.7 percent over the same
  • Read More