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.
As the state of Florida braces for another hurricane season, which kicked off earlier this month and runs until November 30th, it’s important to know what preparations and measures to take in advance to properly protect commercial real estate properties.
Forecasters are predicting another active hurricane season following an intense 2017 that included the impactful landfall of Hurricane Irma. This year, Florida is expected to experience about seven hurricanes – three hurricanes… Read More
JLL’s Retail Outlook for the first quarter found major U.S. metro areas falling from the peak of the real estate cycle, with rents softening and vacancies stagnant or mounting. In key Florida markets, however, retail is faring comparatively well. While Tampa is just beginning to experience a softening of the market, fundamentals in Miami and Orlando are still improving, helped by a surge in demand created by significant in-migrations of Puerto… Read More
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
The Southeast region of the U.S. has been one of the biggest benefactors of this expansionary economic period. The region boasts some of the fastest growing metro areas in the country – both in terms of population and job growth. Due to its low cost of living and favorable business climate, many companies and… Read More
Nearly a year ago, Jacksonville’s JLL office became the first in Florida to add valuation and advisory services through the acquisition of 15 appraisers from the Florida affiliate of Integra Realty Services (IRR). From that base the team serves JLL… Read More
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
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.
JLL’s commitment to diversity, inclusion, and fostering talent from within has been instrumental in the firm’s ability to become one of the top commercial real estate teams in the world.
My personal story is a great example of JLL’s enthusiasm for helping team members achieve their ambitions. I originally started career at Cresa South Florida in 2012 (a tenant advisory firm that was acquired by JLL in 2015) as a brokerage assistant… Read More
JLL Industrial Exchange – 2018 from JLL Florida on Vimeo.
On January 17, JLL hosted its annual Industrial Exchange focused on e-commerce and logistics in Miami, Florida. We were lucky enough to have JLL subject matter experts from across the country join and share their knowledge with local clients, investors and the brokerage community. Topics discussed ranged from global trade to NAFTA to the retail conundrum. Outlined below are the key trends… Read More