Tag Archives: construction

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

0 CommentsBy

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

Q3 2015 San Diego Office Market Statistics: Rents continue to rise as absorption remains muted

0 CommentsBy

Reports-Thumbnails

 

Our Quarterly Office Statistics reports provide detailed office real estate leasing data for the various metro areas we cover on a quarterly basis. Data includes inventory, completions, vacancy, rents, absorption, and new construction for buildings at the overall metro and submarket level categorized by class.

Click here for more market insight on our San Diego research group… Read More

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

1 CommentBy

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

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

Q2 2015 San Diego Office Market Statistics: Rising rents and falling unemployment good news at mid-year

0 CommentsBy

Reports-Thumbnails

Our Quarterly Office Statistics reports provide detailed office real estate leasing data for the various metro areas we cover on a quarterly basis. Data includes inventory, completions, vacancy, rents, absorption, and new construction for buildings at the overall metro and submarket level categorized by class.

Click here for more market insight on our San Diego research group… Read More

Growth in the construction industry is “building” and expected to continue through 2017 [SLIDESHARE]

0 CommentsBy

In late 2014, oil prices experienced significant declines due to oversaturated supply and a slowdown in global demand. Prices have since stabilized but at depressed levels. Materials prices were projected to drop in correlation with oil, but high demand for most major construction inputs has kept prices up overall.

Low gas prices typically drive an uptick in demand for retail, e-commerce, and industrial real estate. However, shipping costs remain high due to a decline in… Read More

San Diego Medical Office Snapshot | Q1 2015 [REPORT]

0 CommentsBy

By Paul Braun, Chris Ross, and Kelly Moriarty
JLL San Diego | Healthcare Practice Group

  • 1Q15-MOBLeasing activity is steady. Vacancy is gradually dropping. Rents and prices everywhere are up and will keep climbing. Investment property and owner-user demand is sky-high but good opportunities are limited. On-campus MOB and hospital construction is significant while off-campus development is mostly limited to pre-leased buildings.
  • Owner-user sale activity is at an all-time high.
  • Read More

San Diego Life Sciences: A Perspective from the Real Estate, Design and Construction Industry

0 CommentsBy

The San Diego chapter of ISPE recently held a meeting on the subject of “San Diego Life Sciences: Who’s Coming and Going: A Perspective from the Lease, Landlord and Construction Industry.” This has been a hot subject this year with numerous life science companies being purchased and several new companies moving into the area. Availability in premium lab and office space is dwindling as life science real estate developers work hard to develop more space.

Kathy McGee… Read More

Q1 2015 San Diego Office Market Statistics: Steady rent growth continues

0 CommentsBy

Rent continued to increase as the supply of large blocks and high-end Class A space continued their decline.

Office-Insight-Q1-2015-SanDiego-1

Q1 Highlights:

Demand

  • The San Diego office market reported slightly negative net absorption of 5,258 SF this quarter.
  • 4.0 million SF of tenants are currently in the market, the majority of which are technology companies. 3.3 million SF of tenants are expected
  • Read More

United States Employment Update – March 2015

0 CommentsBy

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 indicators, from consumer… Read More