Tag Archives: office

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… Read More

Rising Rents and Industry Expansion Push Technology Firms To Key Growth Markets [REPORT]

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JLL reveals 21 U.S. locations, including San Diego, with ideal office cost and conditions for startups and tech sector

Even though Northern California is the cradle for the technology industry, Silicon Valley has matured beyond the garages from which it was born. According to JLL’s 2015 United States Technology Office Outlook, technology firms and startups aren’t just exploring new U.S. markets, they’re starting to plant roots.

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Extra! Extra! San Diego Union-Tribune Moving Downtown

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600BStreet
San Diego’s major daily newspaper, the San Diego Union-Tribune, is saying goodbye to Mission Valley and hello to downtown, having signed a 15-year, 59,164-square foot lease to move their office to 600 B Street, a 24-story, Class A high rise building owned by Lincoln Property Group.

The newspaper, now owned by Tribune Publishing… Read More

[VIDEO] Big Changes on the Horizon for Law Firms in the San Diego Market

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JLL’s 2015  U.S. Law Firm Perspective has been released, and it reveals that law firms in San Diego continue to grow today, but with more measured and conservative growth projections.

SD-corrected

Downtown San Diego still has great opportunities for Law Firms. Rental rates have not yet peaked. Carmel Valley has more new product opportunities coming… Read More

Office Space Constraints and Efficiency Draw Law Firms to Surprising New Locations [VIDEO]

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JLL report reveals legal industry’s creative real estate strategies to prepare for the future      

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.

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Expansionary leasing is driving supply constraints as tenants await 2016 deliveries [REPORT]

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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

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

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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… Read More

Tony Russell, Chad Urie and Misty Moore Promoted at JLL San Diego

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Promotions

(left to right) Tony Russell, Chad Urie and Misty Moore

JLL has promoted three brokers in its San Diego office, Tony Russell, Chad Urie and Misty Moore. Previously Executive Vice Presidents, both Tony Russell  and Chad Urie were promoted to Managing Director, while Misty Moore was promoted from Vice President to Senior… Read More

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

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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… Read More

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

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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,… Read More