Despite the AmLaw 100’s revenue reaching a record $81 billion in 2014, law firms are focusing on efficiency to define their office layouts and locations. The legal sector is using creative space, development and real estate strategies to assure that today’s offices remain practical for the future, according to a new report by JLL.
San Diego employment continues to increase as total non-farm employment grew by 46,9 00 jobs, or 3.4 percent year-over-year. September employment update reports highlight that growth trend is solid and jobs continue to be created in the market.
Professional and business services recorded the greatest year-over gain with 10,700 jobs, followed by leisure and hospitality services increasing by… Read More
With the economy growing at its fastest pace in the current cycle, employers across industries are adding jobs, especially in urban and dense markets where talent is migrating. As a result, expansionary activity remained the dominant driver of leasing in the third quarter, accounting for 57.9 percent of lease transactions.
This growth has left primary markets challenged by significant supply constraints, creating a competitive environment for tenants, with higher costs and fewer… Read More
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… Read More
San Diego employment continues to increase as total non-farm employment grew by 42,400 jobs, or 3.1 percent year-over-year. August’s jobs report displays that the growth trend is stable and jobs continue to be created in the market.
Professional and business services recorded the greatest year-over… Read More
By Paul Braun, Chris Ross, and Kelly Moriarty
JLL San Diego | Healthcare Practice Group
The San Diego medical office market is steadily chugging along. Many providers are seeking opportunities to upgrade their space, building or location since, in most areas, rents and prices are still reasonable and favorable tenant improvement allowances and concessions are still available.
Vacancy continues its gradual… Read More
We wrap up the Global Corporate Real Estate Report series with the introduction of Theme 4: Outsourcing.
CRE teams are using outsourced service providers across more geographies and industry sectors; but many are still missing the opportunity to drive strategic, long-term value through outsourcing partnerships.
Given the intense pressure to deliver across a range of tactical and strategic… Read More
The third article in our Global Corporate Real Estate Trend series, we introduce Theme #3: Expectation.
Demand to deliver across a range of tactical and strategic activity continues to intensify, challenging the composition and skills of CRE teams and creating a ‘pressure cooker’ of expectations.
A central theme of our 2013 report was the sheer weight of demand… Read More
Last week, we introduced the first of four themes from the 2015 JLL Global Corporate Real Estate Report. This week, we introduce Theme 2: Integration.
Interaction and integration with other business functions and stakeholders is a growing need, but it is a strong feature of only a few CRE teams.
While there is strong intent to transform the structure of CRE teams, these… Read More
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… Read More