Tips To Leverage the Digital Skyline, for Tenants & Investors

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By: JC Pelusi, Market Leader, Managing Director, JLL

JLL’s 2015 Digital Skyline provides unparalleled insights for more than 600 million square feet of commercial real estate in 47 cities across the U.S. and Canada. It offers investors and tenants alike a birds-eye view of national trends, plus an up-close look at local market performance.

Not sure how to use the digital tool? We’ve got you covered. Read on for actionable ways commercial real estate occupiers, owners and investors utilize the Skyline.

Related Post — Aim higher: JLL Presents The 2015 Digital Skyline

3 Tips for Business Owners & Corporate Executives

1. Strategize your next move. Are you approaching the end of a lease, or considering relocation?

The Skyline is fundamental in making your initial list of viable properties for relocation. You can zoom in on individual buildings, and check out current vacancy, rents, LEED certifications and more. Make better relocation decisions by comparing markets or buildings within your market.

Below, check out Key Bank’s building profile in Cleveland.

Key_Tower

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Is Your Workplace Culture-Friendly?

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By: Tim Kay, Managing Director, Project and Development Services, JLL

There is no singular, prescriptive answer to the question: what is the ideal office design? Every business demands custom design and functionality, all reflective of brand image.

One universal office space trend has emerged, however, and that’s culture. Next generation talent gravitates toward companies that emanate established, strong cultures. It’s also what keeps the current workforce there for the long haul.

Does your office space drive innovation, and reflect true brand identity and culture? If the answer is no, read on for insight into workplace trends that might (or might not) work for your business, as well as actionable tips for better alignment.

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Commercial Real Estate News Brief: May 2015

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In the latest edition of our monthly news brief, JLL’s regional team curates the top industry articles to keep you in-the-know. In this month’s edition, JLL spotlights foreign commercial real estate growth in the U.S., developer interest in Pittsburgh’s Carnegie Mellon project, and brand journalism trends in real estate.

Keep up with Spaces’ monthly recaps, and subscribe to JLL Spaces today.

Foreign Commercial Purchasing Surges on U.S. Soil

JLL CRE News Brief

Newspaper image via NS Newsflash.

In the first quarter of 2015, “commercial real estate transactions increased 45 percent by dollar volume,” according to research from Real Capital Analytics Inc., reported by Bloomberg. Demand is back—it’s raised competition among desirable properties, and encouraged investors to buy more rapidly throughout primary and secondary markets.

According to Real Capital, “Real estate deals surged $129 billion during the three months through March, marking the most active start to a year since 2007.”

Related Read: Aim Higher: JLL Presents The 2015 Digital Skyline

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Aim Higher: JLL Presents The 2015 Digital Skyline

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By: Andrew Batson, Senior Research Analyst at JLL

Are you an investor curious about market outlooks, or a tenant approaching lease expiration? Well, I have good news. The annual Skyline Review is back.

Each year, JLL’s research team analyzes the top North American skylines and gives investors and tenants alike a personal, up-close, look at some of the highest-profile commercial buildings and office towers in our cities. JLL notes, “These assets are the true drivers of leasing supply, demand, rents and development and serve as the building wish list for foreign and domestic institutional investors.”

The report provides a birds-eye view of local urban office markets, including both micro and macro-level statistics from floor-by-floor leasing to investment performance.

And now—for the first time ever—JLL is introducing the Digital Skyline.

JLL Skyline Blog Image

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‘Foodie Nation’ Drives Hunger for Retail Real Estate in Ohio

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By: Mary Bresnahan, Vice President with JLL and Melissa Ruther, Vice President with JLL. 

In 1992, Americans spent $163 dollars on groceries for every $100 spent dining out. But today, reservations are becoming a must and spend is shifting. According to JLL research, “Americans now spend more money at restaurants than they do at grocery stores.”

JLL Restaurant Retail

It’s no surprise that appetite for restaurant real estate has been insatiable in recent months. In fact, JLL’s new Retail Trend Alert revealed that four out of the five fastest growing retail categories included food-related industries. The rise of foodie culture is creating new, lucrative opportunities for commercial real estate tenants and investors alike. JLL research projects that the influence of restaurant growth on real estate could impact the industry by 55.4 million square feet.

JLL CRE Restaurant Retail

The new Retail Trend Alert dives into the rise of the “Foodie Nation,” and its impact across national retail sectors. Below, I’ve highlighted top trends identified in the report, as well as the current impact on our local market.

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Commercial Real Estate News Brief: April 2015

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In the latest edition of our monthly news brief, JLL’s regional team curates the top industry articles to keep you in-the-know. In this month’s edition, Detroit combines auto and tech industries for resurgence, and JLL leads by example in best practices for corporate office space and capital planning.

Keep up with Spaces’ monthly recaps—subscribe to JLL Spaces today.

Detroit: No Longer Just the Motor City

JLL CRE News Brief

Detroit has always been known as the Motor City. But, as more and more young tech professionals flock to Detroit, the city’s identity evolves. Crain’s Detroit Business suggests that, in addition to automotive resurgence, the city is also becoming a national hub for technological innovation.
JLL research would agree, ranking Detroit among the top 34 high-tech markets in its latest High-Technology Office Outlook.

Luckily for Detroit, automotive technology is more sophisticated than ever before. In fact, companies like Google and Apple are developing autonomous cars. According to the article, “the auto industry has morphed into something very new, very different and very high tech.”

As Detroit’s tech industry grows, alongside an evolving auto industry, “Detroit is ready to drive itself to new levels of excellence and entrepreneurship on the brand-new road ahead,” according to Crain’s.

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Columbus CRE Summit Features JLL Market Expert

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By: Dan Wendorf, Senior Vice President, JLL

Last month, Midwest Real Estate News hosted more than 200 professional at the Columbus Commercial Real Estate Summit: A Gathering of Industry Experts. I was honored to speak alongside my fellow industry leaders on a panel featuring the importance of ROI in commercial real estate, spotlighting office, industrial, retail, as well as healthcare.

Speakers from leading firms collaborated on a panel called, “Apartment Market Is Hot: How Long Will It Last?” We also heard from a few industry titans on overall market conditions. Regardless of brand affiliation, it was clear that CRE industry leaders care about giving back to the community and helping businesses flourish in a growing market.

Did you miss the event? After chatting with and hearing from industry experts, I noticed a few key topics emerging in discussion. Stay in-the-loop with my three event takeaways below.

Image courtesy of Midwest Real Estate News Magazine

Image courtesy of Midwest Real Estate News Magazine

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The #FinTech Revolution: Trends in Banking & Finance (REPORT)

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By: Scott Pick, Executive Vice President, JLL 

The financial services industry is still in recovery mode. But, despite struggle, JLL’s newly released 2015 Banking and Finance Outlook found “the year-end financials revealed a healthier landscape overall.” Wages in the financial industry have grown faster than average – at 43.5 percent – since 2010, and corporate profits are reaching near record heights.

Maintaining momentum and growth will be critical in 2015.

Luckily, lower oil prices and rising interest rates will play in favor of the financial industry this year. JLL also pointed out three emerging trends that will make a lasting impact. Read on for details, or download the full report.

3 Banking Industry Trends

1. FinTech is innovating the industry. Financial technology, or FinTech, is a label for financial service firms that use technology to enhance products and services.

FinTech transforms traditional banking as we know it. While it’s caused some to cut back on space needs, it’s also opening the door for new opportunities. According to JLL, “…global banks are supporting FinTech lab space with the hopes of tapping into mobile, cloud, analytic, cyber security and regulatory innovations.”

What’s more, the FinTech landscape is exploding. The number of FinTech companies continues to grow—up 26 percent year-over-year. Watch JLL’s video below for what more to expect from FinTech in 2015.

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Commercial Real Estate News Brief: March 2015

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In the latest edition of our monthly news brief, JLL’s regional team curates the top industry articles to keep you in-the-know. In this month’s edition, JLL spotlights industrial growth in downtown Columbus, best practices for real estate investors, and the value of hiring a project manager.

Keep up with Spaces’ monthly recaps, and subscribe to JLL Spaces today.

Downtown Columbus Characterized by Strong Industrial Demand

JLL CRE News Brief

Newspaper image via NS Newsflash.

For both office and industrial space, Columbus is undergoing resurgence. On the industrial side, JLL’s Dan Wendorf told The Columbus Dispatch, “All the groundwork Columbus has laid the past few years is really coming to fruition.”

Thanks to consumers’ online shopping preferences, more and more warehouses are coming to central Ohio. According to JLL’s Columbus industrial report, industrial vacancy dropped from 12.4 to 6.1 percent.

You might be thinking, ‘Why Columbus?’ When it comes to transportation of goods, you can reach 47 percent of the national population within a ten-hour drive. Another big benefit: The low cost of doing business makes Columbus very professional-friendly. With 2.5 million square feet added during the fourth quarter of last year, Ohio’s capitol city can anticipate continued growth.

Download the full report for more information, Columbus: The Nation’s Industrial Hot Spot.

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Repetition Is Good When It Comes To Ethics

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By: Anne Browning, Marketing Director, JLL

For the eigth-straight year, JLL has been named one of the World’s Most Ethical Companies by the Ethisphere Institute. This award is particularly meaningful to me for two reasons:

1. What Future Employees Think

When I was interviewing with JLL over three years ago, I combed the corporate website for facts, figures and information to determine if there was a fit with my career aspirations and desired corporate culture. There, I discovered JLL has a 250-year history presented in a very cool timeline video. Impressive.

And globally, the firm is committed to sustainability both for itself and its clients. Even more impressive. Then I landed on an awards page. What caught my attention: JLL’s fifth straight year of winning the World’s Most Ethical Companies award. I paused for a good long while.

How could such a large, global organization with offices and employees on every continent speaking a multitude of languages and employing different lifestyles and customs maintain such an achievement year after year? To me that was most impressive, and honestly was a substantial factor in bringing me to the next phase of the interviewing process.


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