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
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
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
Searching for the right location for a business, warehouse or retail shop can be arduous and time consuming, but simply finding the right space is not where the process ends. Negotiating the right terms into a lease can make or break a successful landlord-tenant relationship and save countless headaches down the line.… Read More
Consumer confidence is at an all-time high both in Florida and across the United States. This, coupled with a low unemployment rate—the lowest since 2008, makes for an opportune time to be a retailer in South Florida. New to the JLL team, Zach Winkler brings his expertise of South Florida retail leasing to the JLL team and our blog.
Nationally, major markets are peaking quickly, with declines in rent appearing in the… Read More
As the banking and finance sector continues recovering from the Great Recession, there’s been a shift in recent leasing activity with banks and financial services seeking reductions in their office and retail footprints, according to a new JLL report. JLL’s 2015 North American Banking & Financial Outlook Report shows nearly half of the office transactions in 2014 in the United State and Canada were relocations compared to 24.8 percent renewal rate.
Across… Read More
Tampa Bay is experiencing one of the healthiest economic environments in recent history with massive growth on an investment level, continued population gains and over 17,100 jobs added in the Tampa MSA during 2014 alone. From an investment standpoint, three office buildings in downtown Tampa have traded over the past six months… Read More
#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
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