Category Archives: Office

Is the Next Silicon Valley Somewhere in Florida?

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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.

Tech Report

The report highlights ten trends that… Read More

Scaling for Office Space Growth

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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

Orlando Market: Suburban to Urban and Back Again

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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

Millennials Influencing Orlando’s Economic and Real Estate Future

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Pulse360 Video

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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

Orlando & Tampa Seeing Stronger Skylines

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Downtown Orlando

Downtown Orlando

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

Exploring the new JLL Skyline: South Florida

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Across the country, office markets are tightening, driving higher rents, generating developer interest to build new office space and investor demand to acquire more office assets. In tighter markets, change is swift and impactful. This is just one of the reasons JLL is presenting the new skyline report as an interactive digital platform. For the first time, the popular JLL Skyline report on Class A and Trophy office towers can be quickly compared across 47 markets… Read More

Our Orlando clients say it best!

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CANVS CEOOur local Orlando team collaborated with Tremont Realty Capital for the successful re-positioning and lease-up of the Church Street Exchange.  Built to originally be an indoor mall, the Exchange had experienced over a decade of relative complete vacancy before being re-positioned by our team for the tech community.

In this video , Philip Holt, CANVS CEO, discusses his… Read More

Property Management wins coveted TOBY Awards

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JLL announces that two JLL-managed Central Florida properties have been awarded The Outstanding Building of the Year (TOBY) Award. The TOBY Awards are the most prestigious and comprehensive awards of their kind in the commercial real estate industry. They recognize quality in office buildings and reward excellence in office building management. During the competition, all facets of a building’s operations are thoroughly evaluated, including tenant relations and site management.

 

The state of the economy and office market in Florida is much stronger than one year ago

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A closer look at the Florida office market – Q3 2014. The positive momentum continued across Florida during the third quarter of 2014 as 202,500 jobs were added over the last 12 months, a year-over-year gain of 2.7 percent.

Orlando aerial image

Downtown Orlando

The six primary metro areas had compelling growth adding over three fourths of these statewide jobs in the past year.

Given the… Read More

JLL’s Law Firm Perspective report shows that Miami led all major U.S. markets in growth in legal service

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Space reduction continues to guide the office strategy for the U.S. legal sector, with firms giving up an average of 17 percent of their space upon relocating in 2014. Office leasing transactions for the sector have seen a consistent trim this year as 15 of the top 17 U.S. law firm leasing transactions were rightsizing moves, according to JLL’s newly released Law Firm Perspective.