Tag Archives: office market

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

South Florida office markets realized moderate, sustained growth in 2017

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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.

What Tech Tenants’ Look for in New Office Space

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Countless technology companies are expanding beyond Silicon Valley and branching out to new markets across the country, making tech tenants one of commercial real estate’s biggest customers. In 2015 and 2016, leasing volumes from growing tech companies topped 15 million square feet –– and 2017 figures are expected to surpass that. The… Read More

Fort Lauderdale’s Downtown Office Market to Benefit from Mixed-Use Mania

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With vacancy rates at about 8% in Fort Lauderdale’s downtown Class A office market, it’s likely that we will continue to see a strong appetite for office space in the Central Business District within the next 12 to 18 months. Plans are already afoot to meet this new demand, with the Stiles Corporation working to secure pre-leasing to kick off a 408,000-square-foot Class A office building. Unlike previous cycles however, new… Read More

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

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

South Florida Skyline 2017: Steady Demand, Thriving Trophy Assets and Peak Investment

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So much goes into the shaping of a city’s skyline: years of planning, financing, construction and adjusting to unpredictable economic trends. Iconic skylines are defined over time by the collection of top tier buildings or trophy assets, that make it memorable. By taking a deeper look into each city’s office market trends, we can predict if or how their skylines may evolve in the future.

JLL recently launched its 2017 Skyline, a… Read More

The Future of Work: Focusing on the Human Experience @ #JLLMiami

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The nature of how we work is changing. Technology, generational changes in the workplace and evolving business processes have impacted how we utilize our work space. At JLL, we strive to consistently identify the benefits these bring to our clients.Workplace Experience

Traditionally, a company’s workplace cost is associated with capital expenses and… Read More

What Other Cities Can Learn from Jacksonville’s Changing Market

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Jacksonville may be Florida’s largest city by population, but the coastal enclave at the state’s northeastern tip often gets overlooked in favor of Miami-Dade, Orlando and other tourist destinations.

The reality is that Jacksonville is quickly emerging as a desirable business and residential destination due to a number of factors and trends.

In July, Forbes Magazine named Jacksonville the No. 2 city in the U.S. that Americans were moving to, based, in part,… Read More

Sizing up the Skyline: How market conditions are impacting Florida’s trophy towers

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When you think of an iconic skyline, New York, Seattle and London most likely come to mind. From the Empire State building to Big Ben, those memorable horizons are defined by a collection of staple office buildings, commonly referred to as trophy assets. By taking a deeper look into each city’s office market trends, we can predict if or how their skylines may change in the future.

JLL’s Office Skyline report focuses… Read More