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 Florida Research Manager Marc Miller to hear his thoughts on the trends that he believes will shape the commercial real estate industry in 2017. Here is what he said to keep an eye out for in the year ahead.
What are one to two trends that you predict will be the biggest to shape the CRE industry in 2017?
The growing trend toward next day/same day delivery will have a profound effect on Florida’s industrial sector in… Read More
Just days after the International Council of Shopping Centers held its annual Florida conference in Orlando, we caught up with JLL’s retail brokerage team to share some of the latest trends the Florida market is experiencing. JLL’s 2016 Florida Retail Report takes a deeper dive at the factors fueling these trends and what’s ahead for the retail real estate market in the region.
We highlight 5 trends below:
Value shopping is for everyone.
Low-income and high-income shoppers… Read More
Large blocks of quality space are becoming increasingly scarcer in the Orlando market. As employers expand and new-to-market tenants demand bigger office spaces, availability is dwindling and driving interest in the suburbs – again.
In 2015, Orlando led the country in job growth and creation. This boom is trickling down into the submarkets including Lake Mary, the Southwest Corridor, and Maitland Center. Considering the area’s growing population, educated workforce and low cost of business operation… Read More
When you think of an iconic skyline, New York, Seattle and London most likely come to mind. From the Empire State building to Big Ben, those memorable horizons are defined by a collection of staple office buildings, commonly referred to as trophy assets. By taking a deeper look into each city’s office market trends, we can predict if or how their skylines may change in the future.
JLL’s Office Skyline report focuses on the top… Read More
JLL Florida reached out to Kaycee Gardner to answer three key questions on what’s ahead for Jacksonville’s office market.
JLL: What are the factors driving office leasing activity in Jacksonville’s key submarkets?
Gardner: With economic conditions improving across the country and business confidence significantly increasing, the Jacksonville office market is gaining momentum… Read More
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
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
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
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