Yearly Archives: 2015

Three Key Questions: JLL’s Brent Miller Shares What’s Next for Tampa’s Office Market

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JLL Florida sat down with Senior Vice President Brent Miller to talk about what’s next for Tampa’s office market.

Brent Miller, Senior Vice President, Tampa Office

Brent Miller, Senior Vice President, Tampa Office

JLL: What are the main factors driving demand for office space in the Tampa Bay area?
Miller:
Strong demand in the Tampa… Read More

Three Key Questions: JLL’s Don Cartwright Sheds Light on the Present and Future of Miami’s Office Market

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Don Cartwright

JLL Managing Director Don Cartwright

Miami’s maturity as an international city makes it a very attractive place where companies, particularly with Latin American connections, want to have an office or regional presence. But its emergence as an international gateway also makes it vulnerable to global economic turmoil.

With so much economic instability abroad, particularly in countries such as Brazil, we sat down… Read More

Millennials Influencing Orlando’s Economic and Real Estate Future

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Pulse360 Video

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JLL hosted its latest Pulse360 event in Orlando this month, gathering institutional property owners, lenders, developers and top commercial real estate brokers for a panel discussion on the latest trends impacting the region’s real estate market and forecasting what’s ahead for Orlando. The panelists touched on topics ranging from urban infill neighborhoods, the increasing influence of Millennials in the market,… Read More

How Property Managers Prepare for a Storm

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Hurricane damage in Miami

With Florida’s hurricane season extending from June 1 to November 30 – this six-month period arrives with the uncertainty of whether it will be an active or quiet season. In the commercial real estate sector, ensuring that all property types, from office buildings to warehouses and shopping centers, are safe and protected in advance of a storm is a… Read More

5 Office Trends to Watch in Florida by Doug Irmscher, Market Director

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Doug Irmscher, JLL Florida Market Director

Doug Irmscher, JLL Florida Market Director

As Florida’s commercial real estate market enters the second half of the year, a lot of excitement and caution abounds in the marketplace. JLL took a look at what’s trending in the office space landscape from down in Palm Beach up to Jacksonville, covering the key markets the firm serves across… Read More

Orlando & Tampa Seeing Stronger Skylines

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Downtown Orlando

Downtown Orlando

There’s no space like Trophy space and with urbanization sweeping across the United States, rents in premier office towers that make up the skylines are tightening, generating developer interest to build new office space and investor demand to acquire more office assets. Understanding that activity in one office market may be a bellwether for another, JLL reviews the Skylines… Read More

Exploring the new JLL Skyline: South Florida

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Across the country, office markets are tightening, driving higher rents, generating developer interest to build new office space and investor demand to acquire more office assets. In tighter markets, change is swift and impactful. This is just one of the reasons JLL is presenting the new skyline report as an interactive digital platform. For the first time, the popular JLL Skyline report on Class A and Trophy office towers can be quickly compared across 47 markets… Read More

In Business with Cuba

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Cuban-PesoNavigating the uncharted waters

Many unknowns lay in the wake of the U.S.-Cuba economic embargo changes. Attempting to navigate the workings of an economy which has been forbidden for the past 50 years raises important questions: How will the establishment of business relationships with Cuban entities and a communist political system be implemented? Are the potential economic gains worth the risk and stress of navigating unclear regulatory… Read More

Florida’s Recovering Banking and Financial Services Industry

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As the banking and finance sector continues recovering from the Great Recession, there’s been a shift in recent leasing activity with banks and financial services seeking reductions in their office and retail footprints, according to a new JLL report. JLL’s 2015 North American Banking & Financial Outlook Report shows nearly half of the office transactions in 2014 in the United State and Canada were relocations compared to 24.8 percent renewal rate.

Across the Sunshine State,… Read More

Tampa Bay On The Rise

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Downtown Tampa

The future looks bright for Tampa Bay

Tampa Bay is experiencing one of the healthiest economic environments in recent history with massive growth on an investment level, continued population gains and over 17,100 jobs added in the Tampa MSA during 2014 alone. From an investment standpoint, three office buildings in downtown Tampa have traded over the past six months for a total… Read More