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.
Office rental rates to spike
Since the rental rate peak in the office market eight years ago, rental rates for only nine of 43 U.S. Skyline markets have returned to, or surpassed, those pre-recession numbers, after adjusting for inflation (led by high-demand markets like Austin, Boston, and San Francisco). Rents for the remaining 34 are, on average,… Read More
The skylines of the U.S.’ great gateway cities have always been a welcome sight to those looking to make their mark in the land of opportunity.
And although they’ve evolved over the years, these skylines still have a special draw for investors looking for a good home for their money.
Foreign investors now represent two of every five dollars invested in U.S. Skyline property, according to JLL’s recently released 2015 Digital Skyline. Those cross-border dollars… Read More
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There’s no space like Skyline space. The premier office towers that make up San Diego’s skyline boast—by far—the most expensive office space to rent downtown, garnering 10.1 percent more than non-Skyline space, according to JLL’s 2015 Skyline Review. Average Skyline rates in the first quarter of 2015 were $29.66 per square foot compared to $26.94 per square foot in non-Skyline buildings downtown. This… Read More
Comic-Con International starts on July 24 this year and marks the 45th year for the show. This hugely popular, 4-day event takes place at the San Diego Convention Center. Each year over 125,000 participants and visitors from around the world descend upon downtown San Diego, making Comic-Con the San Diego Convention Center’s largest economic generator with an estimated economic impact of over $175 million in 2013. Visitors include famous actors as well… Read More