Category Archives: Office

What Tenants Want: The Secret to Negotiating Concessions

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Searching for the right location for a business, warehouse or retail shop can be arduous and time consuming, but simply finding the right space is not where the process ends. Negotiating the right terms into a lease can make or break a successful landlord-tenant relationship and save countless headaches down the line.JLL Tenant Concessions

There… Read More

Rising Demand For Office Space Makes Downtown Fort Lauderdale a Landlord’s Market

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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

On the Horizon: 2017 Florida Commercial Real Estate Outlook

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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

Dissecting Orlando’s Spike in Sublet Space Availability

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After several years of aggregate sublet space trending down in Orlando, a substantial increase may signal a reversal of the trend. More large blocks of sublease space are available than a year ago, and they compose a greater share of the sublease availabilities. In November 2015, sublease availabilities over 10,000 square feet comprised only 24.7 percent of the sublet market. In November 2016, those large sublease availabilities jumped to 60 percent of the sublease… Read More

Weighing the Scales: How Law Firms Can Make Better Real Estate Decisions

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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

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

What Other Cities Can Learn from Jacksonville’s Changing Market

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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

Three Key Questions: JLL’s Kaycee Gardner Reveals What’s Ahead for Jacksonville’s Office Market

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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

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 is gaining momentum… Read More

Three Key Questions: JLL’s Brent Miller Shares What’s Next for Tampa’s Office Market

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JLL Florida sat down with Senior Vice President Brent Miller to talk about what’s next for Tampa’s office market.

Brent Miller, Senior Vice President, Tampa Office

Brent Miller, Senior Vice President, Tampa Office

JLL: What are the main factors driving demand for office space in the Tampa Bay area?
Miller:
Strong demand in the Tampa… Read More

Three Key Questions: JLL’s Don Cartwright Sheds Light on the Present and Future of Miami’s Office Market

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Don Cartwright

JLL Managing Director Don Cartwright

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, we sat down… Read More