Tag Archives: private sector

Employment: Many industries are reaping the benefits of improving market fundamentals

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NYC Office Employment Update: September 2014

Employment_blogJLL’s monthly office employment update covers key employment statistics and trends, and the subsequent implications for real estate.

Highlights from the September update include:

  • The city’s unemployment rate fell to 7.3 percent in August from 7.8 in July, the lowest level since 2008.
  • Employment, however, increased marginally by 4,700 payrolls in August when seasonally adjusted, indicative of the summer
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Q2 2014 U.S. Office Outlook: enhanced absorption creates tightest office sector in years

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JLL Research is pleased to release its Q2 2014 outlook on the U.S. office sector.

Our take:

  • Increased private sector hiring has yielded higher leasing volumes and occupancy growth rates, leaving tenants the tightest market in seven years.
  • New supply has remained minimal, but will offer tenants additional options over the next 18 months in markets like Austin, Dallas, Denver, Houston, New York, Phoenix, Raleigh and the Bay Area.
  • Limited near-term supply relief and a
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