Tag Archives: Office

New development reflects optimism in Central Florida office markets

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While some urban office markets in Central Florida experienced a drop-in occupancy and leasing activity as the second quarter of 2018 drew to a close, stable fundamentals and unabated new construction suggest optimism among landlords and developers. JLL’s recently released Q2 2018 Office Insight report analyzed the latest market data to provide an overview of the major trends impacting Central and North Florida’s markets.

Orlando

Vacancy… Read More

Office markets shrink across South Florida, but new Class A performs well

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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.

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CRE Hurricane Prep: How to Plan, Communicate and Secure Properties

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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

Q&A: Why the Time is Right for New Office Construction in Tampa

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Crown Tower rendering

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

Law Firm Perspective: 3 Questions with Matthew Cheezem

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South Florida has always been an appealing destination for law firms- a key industry for the region’s office market. JLL’s 2017 Law Firm Perspective found that rents are approaching record highs of $50 per square foot as firms flock to new mixed-use developments in South Florida’s urban cores.

We asked the expert, JLL Managing Director Matthew Cheezem, a few questions to learn more about law firm leasing trends. Click to watch, and… 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

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

Scaling for Office Space Growth

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For companies, a strengthening economy has many pros and, surprisingly, a few potential cons.  Booming business means increased capital and the ability to bring on new team members.  At the same time, office leasing rates are climbing.  Offices rental rates in downtown Fort Lauderdale have reached $36 per square foot and rates in Miami’s Brickell area are climbing as high as $45 per square foot.

As employers are finding the need to scale for office… Read More

Three Key Questions: JLL’s Kaycee Gardner Reveals What’s Ahead for Jacksonville’s Office Market

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JLL Florida reached out to Kaycee Gardner to answer three key questions on what’s ahead for Jacksonville’s office market.

Kaycee Gardner, Vice President

Kaycee Gardner, Vice President

JLL: What are the factors driving office leasing activity in Jacksonville’s key submarkets?
Gardner: With economic conditions improving across the country and business confidence significantly increasing, the Jacksonville office market… Read More