Monthly Archives: August 2015

San Diego employment update │ August 2015 [REPORT]

0 CommentsBy

SD_Employment-update_082815-1

San Diego employment continues to increase as total non-farm employment grew by 48,200 jobs, or 3.6 percent year-over-year. July’s jobs report is welcome news and signals that growth is back on track after the recession.

Employment gains were led by the professional and business services sector followed by leisure and hospitality. These sectors

Read More

Millennial Allowance: Tenant Improvement Key to Attracting Tomorrow’s Workforce [REPORT]

0 CommentsBy

New JLL construction research reveals what – and who – is shaping the future of the urban landscape

The Millennial generation is having a profound impact on the built environment under construction in 2015, according to a new report from JLL tracking national construction trends. Throughout 2015, tenant improvement (TI) – or the renovation of existing space – has been a bright spot in the construction industry, even as labor and construction costs continue to… Read More

Global Corporate Real Estate Trend #1: Centralization

0 CommentsBy

Global-Corporate-Real-Estate-Trends-Survey-2015Over the last six years, JLL has captured the voice of the corporate real estate (CRE) community, including 540 CRE executives from more than 350 companies and 36 countries, to provide powerful insights into the current status and future direction of the industry.

The findings from our 2015 report are summarized into four themes: 1. Centralization, 2. Integration, 3. Expectation and 4. Outsourcing. We expand upon Theme 1 in this article.

Read More

Industrial supply constrained with rents nearing peak levels

0 CommentsBy

US-Industrial-Outlook-Q2-2015-JLL

U.S. net absorption again is up, vacancy is tight and warehouse rents are increasing across the board in nearly every market. New construction is on the rise in a handful of markets, but overbuilding is not yet a concern based on active tenant requirements.

The nation is on track to add 171 million square feet… Read More

Tony Russell named one of San Diego Metro’s 2015 40 Under 40

0 CommentsBy

Tony RussellCongratulations to JLL San Diego’s managing director Tony Russell for being selected as one of San Diego Metro’s 2015 40 Under 40. The 40 Under 40 Awards recognition program is a group of professionals who have made outstanding contributions in their careers and to San Diego as a whole.

Throughout his 14 years as a commercial real estate broker, Tony has… Read More

Qualcomm move frees up large blocks of space in San Diego’s Technology Hub

0 CommentsBy

Towers2

On the heels of its recently-completed overhaul of Enclave Sorrento, California-based McCarthy Cook, in partnership with New Jersey-based Prudential Real Estate Investors, is underway with major renovations at The Towers, a four-building office campus located just off the 805 Freeway at Mira Mesa Boulevard in San Diego’s Sorrento Mesa technology hub.

Designed by Gensler, exterior improvements are… Read More

Life Science Record leasing activity during the first half of 2015; 20%-25% year-over-year increase in Class “A” rental rates [REPORT]

0 CommentsBy

By Grant Schoneman
Vice President | Life Sciences Group
JLL San Diego

life-science-beaker-photo

Leasing activity continued on a record pace during the first half of the year, with a total of 1,117,903 square feet of completed transactions that accounted for 646,183 SF of positive net company growth. To put this into perspective, the average first-half leasing activity over the last… Read More

Aventine La Jolla Sold, New Owners See Room to Increase Value at Iconic Property

0 CommentsBy

Aventine1

In July, Boston-based Rockpoint Group LLC has purchased the iconic Aventine office building and adjacent restaurant/retail property from an affiliate of the Blackstone Group of New York. The new owner plans to make major renovations to the 238,979-square-foot, 11-story, LEED Platinum Certified office building and adjacent retail property, located in the University Towne Centre submarket of… Read More

Construction tops annual percentage growth in jobs halfway through 2015

0 CommentsBy

COW_San Diego_economy_Aug03

Click on image to view full version

Click here for more market insight on our San Diego research group web page.

Share this: Construction tops annual percentage growth in jobs halfway through 2015 http://bit.ly/1EdPQ0u… Read More

San Diego Civic veteran Andrew Phillips joins JLL

0 CommentsBy

Andy PhillpsTo bridge the gap between available public resources and the cost of required infrastructure and services, public authorities are increasingly turning to Public-Private-Partnerships (P3). To help answer this need, JLL has hired Andrew Phillips, an eleven-year veteran of Civic San Diego, formerly the Centre City Development Corporation, to join JLL’s Public Institutions team in California as a Vice President.

In his new role and based… Read More