Tag Archives: Office

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

Three Key Questions: JLL’s Brent Miller Shares What’s Next for Tampa’s Office Market

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JLL Florida sat down with Senior Vice President Brent Miller to talk about what’s next for Tampa’s office market.

Brent Miller, Senior Vice President, Tampa Office

Brent Miller, Senior Vice President, Tampa Office

JLL: What are the main factors driving demand for office space in the Tampa Bay area?
Miller:
Strong demand… Read More

Three Key Questions: JLL’s Don Cartwright Sheds Light on the Present and Future of Miami’s Office Market

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Don Cartwright

JLL Managing Director Don Cartwright

Miami’s maturity as an international city makes it a very attractive place where companies, particularly with Latin American connections, want to have an office or regional presence. But its emergence as an international gateway also makes it vulnerable to global economic turmoil.

With so much economic instability abroad, particularly in countries such as Brazil,… Read More

Florida’s Recovering Banking and Financial Services Industry

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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

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

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