Tag Archives: research

Life sciences poised for rapid growth in NYC

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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

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

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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

Employment Update: July 2016 from New York Research

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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

5 key trends shape mid-year Skyline update

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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… Read More

Cities Quiz: Test Your Global Knowledge!

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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 Center

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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
  • Read More

Top U.S. Life Sciences clusters: New Jersey/NYC/Westchester makes gains

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JLL’s 2014 Global Life Sciences Cluster Report identifies the top U.S. cities for biotech business and research

Global shifts in the life sciences landscape may be rewriting the global map, but U.S. cities continue to lead the world in biopharmaceutical resources and enterprises. Access to talent and research is keeping cities, including Boston, San Francisco, San Diego and New Jersey/NYC/Westchester at the top of the U.S. life sciences clusters list. In fact,… Read More

Chart of the Week: Top rents clustered in the Plaza District

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New York Chart of the Week: July 7, 2014

PowerPoint Presentation

  • Trophy assets in the Plaza District command the highest rents in Manhattan with an average direct asking rent of $104 per square foot
  • Year-to-date, there have been 32 leases with a starting rent of $100+ per square foot, compared with 29 at this time last year
  • Assets with
  • Read More

JLL’s Global Real Estate Transparency Index 2014: steady transparency improvements across the globe

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Where transparency broadens, real estate capital flows and market change follows.

JLL’s eighth Global Real Estate Transparency Index, covering 102 markets worldwide, shows continued progress in the transparency of commercial real estate around the world. Over 80% of markets have registered improvement since 2012. The top improvers in each survey generally correlate with a surge in foreign direct investment and corporate occupier activity, as investors help to accelerate transparency reforms and governments… Read More

NYC high-tech employment expansion largest among all major industries

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TechMonthlyNYC

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: