Category Archives: Tampa

Florida retailers see rents climb as demand outpaces supply

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Shopping centers’ concepts continue to evolve as developers of massive mixed-use regional projects lean heavily on entertainment features and more sophisticated dining options to entice shoppers. Although several megamalls are on the drawing boards in Florida, development in the near term is lagging behind demand, keeping occupancies and rents high.

JLL’s 2018 Fall Florida Retail Report breaks down the big-picture trends that are changing the face of retail as well as the… Read More

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

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

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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

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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

Tampa Office Market: 4 Questions with Brent Miller

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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

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

Industrial Parks Reimagined

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Entertainment and warehouses don’t typically coexist, but Florida is about to see a revolution in the way it thinks of industrial parks. With the rise of e-commerce fueling a surge in industrial demand, savvy developers are learning it takes more than picnic tables to keep tenants happy, especially in cases where the workforce is on property around the clock. This is giving way to a new type of asset where industrial… Read More

JLL Academy: 4 Tips to Get the Most Out of Your Mentor

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“Own the change and create it.” John Gates, CEO, Markets, Americas kicked off the annual JLL Academy last month in San Diego. At Academy, current and future JLL leaders are given a chance to network and build relationships at every level of the organization, and develop new skills in an environment that fosters growth through mentorship.

Tampa’s Challenging Industrial Market

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We sat down with JLL Associate, Ryan Vaught, to learn about the challenges being presented in the Tampa industrial real estate market.

What is the largest challenge facing Tampa’s industrial market today?

Year-end vacancy in the Tampa market is at an all-time low, most notably in Pinellas county. There is a clear lack of available space, and the small amount of space that is available is not of a high quality. For this… Read More