Category Archives: Office

Office markets shrink across South Florida, but new Class A performs well

0 CommentsBy

Urban office markets across South Florida recorded significant negative absorption in the second quarter, although rental rates so far remain unaffected. In the long run, market observers find reasons for optimism in undiminished demand for Class A space, including a tendency of new high-end properties to lease up relatively quickly despite a general falling off in leasing activity.

Read More

Q&A: Why the Time is Right for New Office Construction in Tampa

0 CommentsBy

Crown Tower rendering

Tampa Bay’s consistent economic growth- driven by strong population and employment gains over the past several years- has made it one of the most desirable office markets in the Southeast US. However, in recent years the city’s ability to attract new, large corporate tenants has… Read More

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

0 CommentsBy

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

0 CommentsBy

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

0 CommentsBy

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

Categories: Florida, JLL, Office.

Law Firm Perspective: 3 Questions with Matthew Cheezem

0 CommentsBy

South Florida has always been an appealing destination for law firms- a key industry for the region’s office market. JLL’s 2017 Law Firm Perspective found that rents are approaching record highs of $50 per square foot as firms flock to new mixed-use developments in South Florida’s urban cores.

We asked the expert, JLL Managing Director Matthew Cheezem, a few questions to learn more about law firm leasing trends. Click to watch, and… Read More

What Tech Tenants’ Look for in New Office Space

0 CommentsBy

Countless technology companies are expanding beyond Silicon Valley and branching out to new markets across the country, making tech tenants one of commercial real estate’s biggest customers. In 2015 and 2016, leasing volumes from growing tech companies topped 15 million square feet –– and 2017 figures are expected to surpass that. The… Read More

Fort Lauderdale’s Downtown Office Market to Benefit from Mixed-Use Mania

0 CommentsBy

With vacancy rates at about 8% in Fort Lauderdale’s downtown Class A office market, it’s likely that we will continue to see a strong appetite for office space in the Central Business District within the next 12 to 18 months. Plans are already afoot to meet this new demand, with the Stiles Corporation working to secure pre-leasing to kick off a 408,000-square-foot Class A office building. Unlike previous cycles however, new… Read More

The Road to a Vibrant Downtown Jacksonville

0 CommentsBy

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

Tampa Office Market: 4 Questions with Brent Miller

0 CommentsBy

Tampa’s commercial real estate market – and the Tampa office market in particular – is already an appealing destination for large, corporate tenants. The latest JLL research proves that while large blocks of space are limited, tenant demand is strong, so there is still room for growth.

We asked the expert, JLL Tampa’s Executive Vice President and Broker Lead, Brent Miller, a few questions to learn more about the future for the office… Read More