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Jacksonville’s Retail Rebound

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Of all of Florida’s major cities, Jacksonville has struggled the most to recover from the economic recession of the mid-2000s. But now a surge in new development, rise in population and consecutive quarters of growth have led to an occupancy rate of 92.1%, which has breathed new life into Jacksonville’s retail market. This shift in dynamics means that Jacksonville is enthusiastically bouncing back to pre-recession levels.

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Categories: Florida, Retail and tagged , , , , , , , .

Strong Year Ahead for South Florida’s Commercial Real Estate Market

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JLL took the pulse of South Florida’s commercial real estate market at its inaugural Pulse360 event this month in Miami, where institutional property owners, lenders, developers and top CRE brokers gathered for a panel discussion to shed light on key trends to watch in the local real estate market. The panelists touched on just about everything – ranging from shifting investment from Latin America, the impact of loosening Cuba-US relations on future real estate… Read More

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Categories: Capital Markets, Economic Outlook, Economy, Hospitality, Industrial, JLL, Leadership, News, Office, Retail and tagged , , , , , , , , , .

5 Trends to Watch in 2015 in Florida by Doug Irmscher, Market Director

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JLL Florida Market Director, Doug Irmscher

JLL Florida Market Director, Doug Irmscher

#1 Tourism growth: Florida continues to deliver strong tourism numbers, from the Disney theme parks in Orlando to the beaches of Miami Beach, driving strong activity for the hospitality and retail sectors. This translates to demand from hotel and retail property owners… Read More

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Categories: Economy, JLL, News and tagged , , , , , , , , , , , , , , , .

JLL Taps Brent Miller and Gary Godsey to Lead Tampa Office

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Brent Miller

Brent Miller

JLL appointed Brent Miller and Gary Godsey, two veterans of the commercial real estate industry in Tampa Bay, to take on the leadership of the Tampa brokerage office for the firm. Working as a team, Mr. Miller and Mr. Godsey will oversee the day-to-day operations, collaboration among the firm’s integrated service offerings, and focus on implementing the company’s growth strategy in the… Read More

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Categories: Leadership, New Hire, News and tagged , , , , , , , , , .

The state of the economy and office market in Florida is much stronger than one year ago

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A closer look at the Florida office market – Q3 2014. The positive momentum continued across Florida during the third quarter of 2014 as 202,500 jobs were added over the last 12 months, a year-over-year gain of 2.7 percent.

Orlando aerial image

Downtown Orlando

The six primary metro areas had compelling growth adding over three fourths of these statewide jobs in the past year.

Given the… Read More

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Categories: Economy, JLL, News, Office and tagged , , , , , , , , , , , , .