Category Archives: Tenant Representation News & Trends

San Diego Snapshot

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San Diego offers affordable office rent compared to other California markets
  • San Diego has the lowest average asking office rents among key California office markets. This enables companies to have direct access to a highly talented and educated labor pool in San Diego while saving on real estate costs.
  • The San Diego nonfarm employment base
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What’s the real cost of building out office space in San Diego?

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You might expect the priciest place to set up shop in a new office would also be the one with the priciest rents. But there’s more than meets the eye when it comes to the cost of converting outdated office space into an engaging workplace. Get a holistic picture of total build-out costs in San Diego… Read More

San Diego law firms remain conservative with their real estate

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2016 U.S. Law Firm Perspective - COVER

Despite rising rents in many U.S. markets, the legal industry can still find opportunities to improve real estate efficiency, according to JLL’s latest annual Law Firm Perspective.  The typical U.S. law firm has sharply reduced its office footprint by 22.2 percent, from an historical average of 976 square feet… Read More

Unlock Employee and Profit Potential with Individual-Friendly Workspace

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Do you think employee happiness is just a nice to have? Think again. Employees are a company’s most important asset, and happy employees just might mean higher profits. This USA Today article uncovered that publicly traded companies in the Fortune 100 Best Companies to Work For list have gained an average 10.8% a year since 1998. Many of the publicly traded companies named as Best Companies to Work For in 2013 saw impressive stock… Read More

Office Space Should Not be an Office Race

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You’ve been there. That all too familiar scenario when you need private office space to collaborate with team members or a client but all the conference rooms in your office are occupied. We’ve been there too. In many workspaces, it’s tough to get a conference room when you really need it. Check out our video satirizing that all-too-familiar race for space. Then discover how our new JLL headquarters nixes the problem at OfficeRenew.com.

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San Diego millennials are concentrated at the beaches and bases

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COW_San Diego_demographics_June 2 2016_blog

  • Recently, Pew Research reported that the millennial population overtook baby boomers as the largest living generation. The San Diego metro has the second highest percentage of millennials in the nation.
  • Five census tracts in San Diego are comprised of more than 55 percent millennials. Three of those census tracts are
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SD Office Employment Update | May 2016

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San Diego employment continues to increase as total non-farm employment grew by 36,900 jobs, or 2.7 percent year-over-year. The latest employment update highlights the continued trend of employment growth and jobs continuing to be created in the market.

San Diego Q1 Venture Capital Dashboard

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VC Funding Dashboard- SD Q1 2016 (Read-Only)

San Diego companies reported 21 venture capital deals totaling $253.5 million in the first quarter. The funding total was 9.0 percent lower than the 10-year average. The largest local cluster of industries, life sciences/medical, raised $180.8 million, which is 5.3 percent higher than its 10-year average.… Read More

SD Office Employment Update | April 2016

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REAL Office Employment update April-2016

REAL Office Employment update April-2016

  • San Diego employment continues to increase as total non-farmemployment grew by 39,700 jobs, or 2.9 percent year-over-year. The latest employment update highlights the continued trend of employment growth and jobs continuing to be created in

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2015 was a banner year for post-recession construction activity.

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U.S. constuction

  • Office space under construction peaked at 92.8 million square feet.
  • Industrial construction was the shining star as consumer confidence grew.
  • Construction costs increased in primary office markets, driven by skyrocketing labor costs, which motivated growth in secondary markets.

JLL’s Construction Outlook report provides valuable insight into construction trends in the U.S. and JLL San Diego’s PDS Market Lead, Julie… Read More