Monthly Archives: March 2015

Why Hire a Project Manager?

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It all comes down to expertise, focus and time

There’s no question about it, construction projects are risky, costly and time-consuming. And the more complex a project is, the more potential there is for issues to arise, including scope creep, budget overruns and schedule delays.

Unless, of course, you have a good Project Manager (PM) at the helm.

A good PM will lead and help integrate all elements of a building project—from planning to… Read More

JLL’s Tim Olson Named One of Tomorrow’s Leaders in Southern California

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Tim OlsonSouthern California is one of the most active regions of the nation when it comes to commercial real estate. Be it leasing or investment, operations or advising, the CRE professionals in the area have their hands full. The active market is also providing the perfect platform for young women and men who have entered this industry in recent years. Real Estate Forum has scoured the market to… Read More

What Could Derail Climbing MOB Prices?

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Very little could derail climbing medical-office building prices, other than the threat of rising interest rates, JLL’s vice president Chris Ross and managing director Paul Braun tell GlobeSt.com exclusively. The firm’s San Diego healthcare practice group recently released its Q4 2014 medical-office report, which revealed:

  • Medical-office-building vacancy in San Diego has fallen below 10% to 9.7%.
  • Rents are going up; the high end of rental rates is now $4 triple net, and the average asking rate for medical-office building space is
  • Read More

Which Property Sectors Does Tourism Affect?

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In Part 1 of this story, GlobeSt.com explored the impact of tourism on San Diego’s economy. In Part 2, we speak with experts on the local commercial real estate market exclusively about which property sectors are most affected by tourism and how.

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In examining where tourism reaches most significantly, it’s hard to overlook the… Read More

How SD Capitalizes on Tourism Driver

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Bob PrendergastThe ripple effect of a tourism-driven economy reaches far into the San Diego market, experts tell GlobeSt.com exclusively. Now that the domestic economy is on the upswing, the number of visitors to this market is increasing, and the various property sectors are taking note. In this first part of a two-part story, we explore the breadth of impact tourism has on the local economy.… Read More

San Diego employment update │ March 2015

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SD_Employment_update_031115

Please note that all charts and graphs reflect the most up-to-date data from the Bureau of Labor Statistics employment data.

Click here for more market insight on our San Diego research group web page:San Diego – Research

Post this: JLL Research reports San Diego’s March economic overview reveals Professional and  Business Services posted largest increase. Share on LinkedIn

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United States Employment Update – March 2015

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March-2015-employment-update-6The national labor market continues to add jobs and maintain the momentum gained over the past few quarters, with 295,000 jobs added in February alone. Year-to-date, the economy has already seen 534,000 new jobs and is poised to sustain this level of growth over the next 12 to 18 months as other macroeconomic… Read More

Buy vs. lease: What’s the best decision for your business?

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Corporate real estate directors are constantly challenged to balance the opportunities in a dynamic capital markets environment with the operational and financial goals of their companies.

Many companies follow a traditional course, and have ownership or leasing strategies driven by longstanding financial policies. Some have implemented proactive strategies for selected properties—such as sale-leasebacks of owned assets or acquisitions of short-term leased assets—to take advantage of the current capital markets environment.

Historically these decisions… Read More

​​​​​Crises along the coasts: While the East battles blizzards, California closed for cargo

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An unseasonably harsh blizzard season has shut down businesses along the East Coast for months, but things haven’t been smooth sailing along the Western Seaboard either. California ports were on virtual shut-down during a labor dispute, which has forced shipping lines and terminal operators to suspend loading and unloading of cargo ships over the last month. Following a year of chronic delays that left lines of vessels waiting as long as… Read More