Category Archives: Office

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… 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… 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. … 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… 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,… 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… 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… 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,… Read More

5 Office Trends to Watch in Florida by Doug Irmscher, Market Director

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Doug Irmscher, JLL Florida Market Director

Doug Irmscher, JLL Florida Market Director

As Florida’s commercial real estate market enters the second half of the year, a lot of excitement and caution abounds in the marketplace. JLL took a look at what’s trending in the office space landscape from down in Palm Beach up to Jacksonville, covering the key markets the… 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… Read More