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 Florida reached out to Kaycee Gardner to answer three key questions on what’s ahead for Jacksonville’s office market.
Kaycee Gardner, Vice President
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… 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,… 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… 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… 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.
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… Read More
JLL took the pulse of South Florida’s commercial real estate market at its inaugural Pulse360 event this month in Miami, where institutional property owners, lenders, developers and top CRE brokers gathered for a panel discussion to shed light on key trends to watch in the local real estate market. The panelists touched on just about everything – ranging from shifting investment from Latin America, the impact of loosening Cuba-US relations on… Read More