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
New York Chart of the Week: October 6, 2014
- TAMI (technology, advertising, media, information) tenants have dominated large lease activity (leases greater than 100,000 square feet) YTD. TAMI accounted for 39.4 percent of all large leases signed compared with 20.7 percent of activity just one year ago.
- Through Q3 2013, FIRE (finance, insurance, real estate) tenants represented 31.0 percent … Read More
New York City Chart of the Week: August 11, 2014
- FIRE (Finance, Insurance, Real Estate) tenants currently seek smaller footprints relative to other sectors, likely due to fluid leasing activity at the top end of the market. These companies are the most active in the market (26.4 percent of total current demand) as economic conditions continue to improve
Where innovative ideas cluster, so will talent and new real estate opportunities.
Tracking patent activity can pinpoint the strength of existing high-tech clusters or predict where the next will be. Check out JLL’s high-tech infographic to get the latest insights on current patent activity throughout the United States, and across the world. See the:
- Top 5 patent generating countries
- Top 10 states for patent generation
- States with strongest patent activity
- Power players: top patent generating companies
Today’s high-tech companies aren’t all about the IPO.
Although that goal still exists—and in a big way—mergers and acquisitions (M&As) are also a popular exit strategy. Learn more about how tech firms are leveraging real estate to gain funding and attract M&A opportunities—and how real estate comes into play after a deal is inked.
View JLL’s high-tech infographic to get the latest insights on:
- Largest U.S. Internet IPOs
- The impact of unicorns on commercial real estate
- Rental rates … Read More
Tech industry consistently proves to be a growth engine for NYC and key player in the strength of the office market.
JLL’s latest NYC Tech Monthly reported that New York City high-tech employment expanded year-over-year by 4,200 jobs or 7.0 percent in April—the largest expansion among all the major industries.
Other highlights of the report include:
- Tech venture capital funding continued to … Read More
JLL recently released its Manhattan Monthly Update, a monthly wrap up of leasing activity in Manhattan, along with Class A vacancy and asking rates. A submarket summary is as follows:
Strong leasing led to positive absorption and lower vacancy in Midtown in May, though the average asking rent slipped due to the introduction of new sublease vacancies… Read More
The share of STEM (Science, technology, engineering and math) degrees earned in the United States by foreigners is on the rise, but these graduates aren’t guaranteed residency upon graduation—unless they can find employer-sponsors.
With a limited number of H-1B visas available annually, and this talent pool in peak demand, companies are fighting to attract these bright, young professionals who are likely to stay loyal. View JLL’s infographic for more on the situation, and how real… Read More