Category Archives: Jacksonville

Evolving technology revolutionizing financial services space demands

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Evolving business models within the financial service sector are changing the industry’s commercial space requirements, according to JLL Research’s inaugural Financial Services Operations Centers report. In Florida, these changes are most likely to affect established hubs such as Jacksonville and Tampa, each of which counts finance as a major economic driver.

Over the… Read More

New development reflects optimism in Central Florida office markets

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While some urban office markets in Central Florida experienced a drop-in occupancy and leasing activity as the second quarter of 2018 drew to a close, stable fundamentals and unabated new construction suggest optimism among landlords and developers. JLL’s recently released Q2 2018 Office Insight report analyzed the latest market data to provide an overview of the major trends impacting Central and North Florida’s markets.

Orlando

Vacancy… Read More

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

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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

The Road to a Vibrant Downtown Jacksonville

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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

Central & North Florida Skyline 2017: Large Block Opportunity, Supply Shortage & Speculative Development

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In part two of our Skyline series, we move up the state to take a deeper look at the skylines that make up the downtowns in Central and North Florida (click here to read Part One: South Florida). JLL recently launched its 2017 Skyline, a comprehensive report that analyzes supply, demand, rent and investment data across the country’s urban cores, with three of the profiled Skylines in Central and North Florida.

The… Read More