Commercial real estate insights, trends and news from JLL's Florida market

Category Archives: Florida

Gateway to the Southeast

May 10, 20180 CommentsBy JLL Florida

Port of Jacksonville

The Southeast region of the U.S. has been one of the biggest benefactors of this expansionary economic period. The region boasts some of the fastest growing metro areas in the country – both in terms of population and job growth. Due to its low cost of living and favorable business climate, many companies and… Read More

What You Need to Know About the Future of Grocery Shopping

April 30, 20180 CommentsBy JLL Florida

In 2017, grocery-anchored centers grew by 5.4 percent –– a vote of confidence among investors that grocery stores will not be disappearing anytime soon. Florida was one of the top five states in the U.S. for growth in the sector, posting a 6.0 percent increase over 2016 in new grocery space. In sharp contrast, grocery openings nationwide plunged 28.8 percent last year as many brands reevaluated corporate strategies.

The endurance of food markets… Read More

Q&A: Valuation Team Adds Depth to JLL’s Service Offerings

April 16, 20180 CommentsBy JLL Florida

Mark Williams, JLL’s Managing Director of Valuation & Advisory Services in Florida

Nearly a year ago, Jacksonville’s JLL office became the first in Florida to add valuation and advisory services through the acquisition of 15 appraisers from the Florida affiliate of Integra Realty Services (IRR). From that base the team serves JLL… Read More

Central and North Florida office markets see gains in absorption, rents

March 28, 20180 CommentsBy JLL Florida

Primary office markets in Central and North Florida continue to show signs of economic growth. Strong investor interest is transforming downtown areas with new housing developments, and as office absorption and rental rates rise to peak levels, new office product is expected to follow. In secondary markets recovery is slower, but there are early indications of growth in tenant demand.

JLL’s Q4 to produce an overview of key trends driving the Orlando,… Read More

South Florida office markets realized moderate, sustained growth in 2017

March 13, 20180 CommentsBy JLL Florida

Fundamentals remained strong in South Florida’s key office markets as 2017 drew to a close, with vacancies continuing to trend downwards and average rental rates climbing. While the entire market can expect continued growth throughout 2018, it is the suburban office markets that are really picking up steam.

JLL’s Q4 2017 Office Insight report offers an overview of the key trends driving the Miami-Dade, Broward and Palm Beach office markets.

Las Olas City Centre Pays Tribute to Marjory Stoneman Douglas High School

February 22, 20180 CommentsBy JLL Florida

To honor the victims and survivors of the Marjory Stoneman Douglas (MSD) High School shooting, Bank of America Plaza at Las Olas City Centre in Fort Lauderdale is lighting up the skyline in MSD’s burgundy red school color. On February 21 at approximately 7:00 PM, the JLL-managed office building faded to… Read More

The True ROI of Building a Culture of Diversity and Inclusion

February 14, 20180 CommentsBy JLL Florida

JLL’s commitment to diversity, inclusion, and fostering talent from within has been instrumental in the firm’s ability to become one of the top commercial real estate teams in the world.

My personal story is a great example of JLL’s enthusiasm for helping team members achieve their ambitions. I originally started career at Cresa South Florida in 2012 (a tenant advisory firm that was acquired by JLL in 2015) as a brokerage assistant… Read More

Unparalleled Demand Drives Occupancy, Rents and New Development in Florida’s Industrial Hubs

January 11, 20180 CommentsBy JLL Florida

Ongoing economic growth in a variety of industries is pushing record-breaking demand for well-located industrial facilities in key markets across Florida. With multiple tenants lined up for nearly every available space, developers are aggressively competing for affordable land to build new product –– and landlords are enjoying rapid rent hikes.

JLL Research analyzed data from third… Read More

Rising Rents, Sustained Demand Support New Industrial Construction

November 21, 20170 CommentsBy JLL Florida

While the performance of small- to mid-size warehouses is still a good gauge of the overall health of any industrial market, e-commerce tenants with large space requirements are transforming the way urban markets develop statewide.

These prospective tenants are hungry for distribution centers in highly populated areas, and they bring in their wake a host of third-party logistics and distribution firms. Over the past year or so, Amazon alone has appreciably pushed… Read More

The Road to a Vibrant Downtown Jacksonville

September 27, 20170 CommentsBy JLL Florida

There is a fresh drive among residents, businesses and leaders of Jacksonville to create a thriving and vibrant downtown to rival similar cities of its size across the US. This push is spurred by momentum from Florida’s positive economic influences and local economic wins, as well as national real estate trends. While the last decade has brought much of the same for the Central Business District’s (CBD) office properties and vacancy… Read More