Job growth in Florida slowed for the second straight month in April, with the state adding only 13,200 jobs from March to April. In addition, Florida’s payrolls have increased only 28,400 so far this year (non-seasonally adjusted) thanks in large part to a strong decline in jobs for the month of January – which is historically the case.
To many leading experts, the future of Florida’s commercial real estate market lies within the industrial sector. At a recent CRE panel, Scott Gregory, Vice President of Prologis, a global leader in industrial real estate development and logistics, explained that advancing technology is a driving factor behind a surge in industrial activity.
One way new technologies effects on the industrial market and logistics has been the rise of e-commerce, particularly as it relates to next… Read More
After several years of aggregate sublet space trending down in Orlando, a substantial increase may signal a reversal of the trend. More large blocks of sublease space are available than a year ago, and they compose a greater share of the sublease availabilities. In November 2015, sublease availabilities over 10,000 square feet comprised only 24.7 percent of the sublet market. In November 2016, those large sublease availabilities jumped to 60 percent of the sublease… Read More
An uncertain economic forecast is driving law firms to take a hard look at one of their largest expenses: real estate. Given that Florida continues to be a landlord market, law firms must overcome more challenges than ever to negotiate the best possible lease rates and terms.
JLL’s 2016 U.S. Law Firm Real Estate report surveyed all major national and local submarket trends to identity the key trends influencing law firm office leasing. We dug into… Read More
Tech is one of the fastest growing industries in the U.S. Its impact has spilled over into almost every sector, including commercial real estate. As JLL’s latest tech report, the 2016 Tech Outlook, points out: technology remains the leading industry for real estate expansion in the United States and has quickly become a key economic driver in many cities.
The report highlights ten trends that… Read More
Just days after the International Council of Shopping Centers held its annual Florida conference in Orlando, we caught up with JLL’s retail brokerage team to share some of the latest trends the Florida market is experiencing. JLL’s 2016 Florida Retail Report takes a deeper dive at the factors fueling these trends and what’s ahead for the retail real estate market in the region.
We highlight 5 trends below:
Value shopping is for everyone.
Low-income and high-income shoppers… Read More
Large blocks of quality space are becoming increasingly scarcer in the Orlando market. As employers expand and new-to-market tenants demand bigger office spaces, availability is dwindling and driving interest in the suburbs – again.
In 2015, Orlando led the country in job growth and creation. This boom is trickling down into the submarkets including Lake Mary, the Southwest Corridor, and Maitland Center. Considering the area’s growing population, educated workforce and low cost of business operation… Read More
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 on the top… Read More
There’s no space like Trophy space and with urbanization sweeping across the United States, rents in premier office towers that make up the skylines are tightening, generating developer interest to build new office space and investor demand to acquire more office assets. Understanding that activity in one office market may be a bellwether for another, JLL reviews the Skylines… Read More