Searching for the right location for a business, warehouse or retail shop can be arduous and time consuming, but simply finding the right space is not where the process ends. Negotiating the right terms into a lease can make or break a successful landlord-tenant relationship and save countless headaches down the line.
Consumer confidence is at an all-time high both in Florida and across the United States. This, coupled with a low unemployment rate—the lowest since 2008, makes for an opportune time to be a retailer in South Florida. New to the JLL team, Zach Winkler brings his expertise of South Florida retail leasing to the JLL team and our blog.
Nationally, major markets are peaking quickly, with declines in rent appearing in the hottest markets, and… Read More
Job growth in Florida slowed for the second straight month in April, with the state adding only 13,200 jobs from March to April. In addition, Florida’s payrolls have increased only 28,400 so far this year (non-seasonally adjusted) thanks in large part to a strong decline in jobs for the month of January – which is historically the case.
Entertainment and warehouses don’t typically coexist, but Florida is about to see a revolution in the way it thinks of industrial parks. With the rise of e-commerce fueling a surge in industrial demand, savvy developers are learning it takes more than picnic tables to keep tenants happy, especially in cases where the workforce is on property around the clock. This is giving way to a new type of asset where industrial space is being… Read More
“Own the change and create it.” John Gates, CEO, Markets, Americas kicked off the annual JLL Academy last month in San Diego. At Academy, current and future JLL leaders are given a chance to network and build relationships at every level of the organization, and develop new skills in an environment that fosters growth through mentorship.
To continue celebrating the accomplishments of our female leaders, we sat down with Florida’s woman-in-charge of all things marketing, for the next spotlight in our “Breaking Through” series. On the heels of impressive industry, peer and media recognition, Cecile Blanco, VP, director of marketing for Florida, shares her best advice and the struggles she overcame to get where she is today. Every quarter, “Breaking Through” articles feature JLL’s leading women professionals providing mentorship advice to… Read More
Amid major geopolitical and economic developments that occurred in 2016, there is an air of uncertainty regarding the future of Florida’s economy. While some anticipate continued economic expansion—at least within the US—others fear a recession may be on the horizon.
We sat down with JLL Associate, Ryan Vaught, to learn about the challenges being presented in the Tampa industrial real estate market.
What is the largest challenge facing Tampa’s industrial market today?
Year-end vacancy in the Tampa market is at an all-time low, most notably in Pinellas county. There is a clear lack of available space, and the small amount of space that is available is not of a high quality. For this reason, tenants are… Read More
Of all of Florida’s major cities, Jacksonville has struggled the most to recover from the economic recession of the mid-2000s. But now a surge in new development, rise in population and consecutive quarters of growth have led to an occupancy rate of 92.1%, which has breathed new life into Jacksonville’s retail market. This shift in dynamics means that Jacksonville is enthusiastically bouncing back to pre-recession levels.
To many leading experts, the future of Florida’s commercial real estate market lies within the industrial sector. At a recent CRE panel, Scott Gregory, Vice President of Prologis, a global leader in industrial real estate development and logistics, explained that advancing technology is a driving factor behind a surge in industrial activity.
One way new technologies effects on the industrial market and logistics has been the rise of e-commerce, particularly as it relates to next… Read More