Tag Archives: tenants

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

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

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

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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… 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

Verizon to Occupy More than 50 Percent of Enclave Sorrento

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110,000-square-foot lease for technology campus recently transformed into Class A office

Fortune 15-ranked power house Verizon, has secured 110,000 square feet of office space at Enclave Sorrento, a technology campus that recently underwent major renovation by California-based McCarthy Cook with New York- and London-based partner AllianceBernstein.*

The lease, negotiated by JLL’s Managing Director Chad Urie, Managing Director Tony Russell and Senior Vice President Tim Olson, brings the two-building, 213,000-square foot campus,… Read More

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

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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

Curious which Skyline offers the greatest value? [INFOGRAPHIC]

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Office rental rates to spike

Past-10-years---Skyline-Rents

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 impact of foreign investment on the U.S. Skyline

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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