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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

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Categories: Florida, Jacksonville, JLL, Office, Orlando, Tampa and tagged , , , , , , , , , , , , , , , , , .

The Road to a Vibrant Downtown Jacksonville

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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

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Categories: Corporate Move, Corporate Relocation, Economic Outlook, Florida, Jacksonville, JLL, Office, Office and tagged , , , , , , , , , , .

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

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Categories: Economic Outlook, Florida, JLL, Leadership, Office, Office, Tampa, Uncategorized and tagged , , , , , , , , , , , , , , .

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

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Categories: Florida, Jacksonville, JLL, News, Office, Office, Orlando, Tampa and tagged , , , , , , , , .

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… 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… 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… 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

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The six primary metro areas had compelling growth adding over three fourths of these statewide jobs in the
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Categories: Economy, JLL, News, Office and tagged , , , , , , , , , , , , .