Broward county, typically known for its beaches and shopping, is making a new name for itself as a business hub as more and more companies are entering the Downtown Fort Lauderdale market. According to JLL’s Q3 2016 Office Insight, Fort Lauderdale’s Class A assets are thriving in a tight market. Direct vacancy in Broward has declined 80 basis points quarter over quarter to 11.9%, making the third quarter the strongest for vacancy declines over the past 24 months. The growth… Read More
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
JLL gathers expert panel to discuss diversity & inclusion
Over the next few years, businesses large and small will find themselves in a talent war. As eligible, skilled candidates grow harder to recruit and retain, it will be critical for companies to become more diverse and inclusive.
With this in mind, JLL’s Florida Women’s Business Network brought together a panel of experts to have an engaging dialogue on how organizations can position themselves for long-term success by building a diverse talent pool.
An uncertain economic forecast is driving law firms to take a hard look at one of their largest expenses: real estate. Given that Florida continues to be a landlord market, law firms must overcome more challenges than ever to negotiate the best possible lease rates and terms.
JLL’s 2016 U.S. Law Firm Real Estate report surveyed all major national and local submarket trends to identity the key trends influencing law firm office leasing. We dug into… Read More
Tech is one of the fastest growing industries in the U.S. Its impact has spilled over into almost every sector, including commercial real estate. As JLL’s latest tech report, the 2016 Tech Outlook, points out: technology remains the leading industry for real estate expansion in the United States and has quickly become a key economic driver in many cities.
The report highlights ten trends that… Read More
Jacksonville may be Florida’s largest city by population, but the coastal enclave at the state’s northeastern tip often gets overlooked in favor of Miami-Dade, Orlando and other tourist destinations.
The reality is that Jacksonville is quickly emerging as a desirable business and residential destination due to a number of factors and trends.
In July, Forbes Magazine named Jacksonville the No. 2 city in the U.S. that Americans were moving to, based, in part, on its low… 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
For companies, a strengthening economy has many pros and, surprisingly, a few potential cons. Booming business means increased capital and the ability to bring on new team members. At the same time, office leasing rates are climbing. Offices rental rates in downtown Fort Lauderdale have reached $36 per square foot and rates in Miami’s Brickell area are climbing as high as $45 per square foot.
As employers are finding the need to scale for office space growth, it can… 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
Warehouses once were dank, dark facilities, often located in industrial areas where few people would want to spend much time. But warehouses, particularly in Florida, are embracing new building and design specifications that are changing the long-established perception that these structures simply exist as a place where cargo stays put.
Companies can no longer afford to simply house goods and materials long-term. If cargo sits too long in one place, the logistics provider loses money.
To… Read More