Tag Archives: Jones Lang LaSalle

Global Corporate Real Estate Trend #2: Integration

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Global Corporate Real Estate Trends Survey-2015-1Last 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 teams do not, and cannot, operate in isolation.

Success relies on their ability to interact and integrate with a range of internal groups across the organization – corporate support functions (such as HR, IT and finance); internal procurement and sourcing professionals; and business units (the internal “customers”).

Strong, effective relationships with these groups are critical to the success of CRE teams.

 

Integration

 

Learn more:

  • Visit our blog next week to view details on Theme 3: Expectation
  • Read about Theme 1: Centralization
  • Click here to download the entire JLL Global Corporate Real Estate Report

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Which retail categories are winners?

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WhitePaper-Which retail categories are winners-2015An appetite for real estate
The retail categories with the highest expansion plans revolve around food, novelty gifts/Halloween, health and fitness and discounted pricing. The success of these categories partly reflect shifts in demographics as well as what consumers want—polarization of income classes, an increased focus on health and wellness, particularly by Millennials and Boomers, the growing demand for entertainment and experiences and the rising popularity and profitability of secular holidays.

Restaurants chomping up retail space
The rising demand for experiences over many types of merchandise has helped drive the success of
restaurants, theaters and other entertainment-related venues. As a category, restaurants and food & beverage specialty comprise 41.2 percent of planned store openings in the next 12 months.… Read More

Seaport industrial real estate occupancy exceeds expectations

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Distribution centers near the nation’s top seaports are bursting with consumer goods and other cargo—and that’s before the Panama Canal extension opens next spring. Distribution center and warehouse occupancy levels have reached historic highs, while expensive construction and labor costs keep new development sparse in many seaport industrial real estate markets.

JLL’s seventh annual Seaports Outlook Report and index – the first of its kind in the industry – ranks the most prominent ports in North America. According to the report, which analyzes the health of major container seaports and their surrounding real estate, occupancy levels by total square feet have surpassed 2007, which was the high-point of the last real estate boom. … Read More

Global Corporate Real Estate Trend #1: Centralization

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Global Corporate Real Estate Trends Survey-2015-1Over the last six years, JLL has captured the voice of the corporate real estate (CRE) community, including 540 CRE executives from more than 350 companies and 36 countries, to provide powerful insights into the current status and future direction of the industry.

The findings from our 2015 report are summarized into four themes: 1. Centralization, 2. Integration, 3. Expectation and 4. Outsourcing. We expand upon Theme 1 in this article.… Read More

JLL Signs Walmart, Custom Bilt Holdings to ViaWest’s Tiger Industrial Center

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ViaWestTiger2ViaWest asset now 94 percent occupied with 80,635 s.f. in new deals

On behalf of ViaWest Group, the Phoenix office of JLL has closed two new leases totaling 80,635 square feet at Tiger Industrial Center in Phoenix. The two leases – to Walmart and Custom Bilt Holdings – bring Tiger Industrial Center to 94 percent occupied.… Read More

JLL represents Hanjin Shipping in lease negotiations as anchor tenant at Portico Place II

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Transportation logistics firm to occupy 37,669 square feet in Chandler office building

Portico Place II, a 48,173-square-foot Class A multi-tenant office building in Chandler, Az. has secured its first tenant, Hanjin Shipping, a transportation logistics firm that will occupy 37,669 square feet.

Hanjin Shipping will take up 78 percent of the building’s overall space, occupying the entire second floor… Read More

Q2 Phoenix Industrial Insight: Construction shaping the industrial landscape

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Developers focusing on submarkets with large existing availabilities
The two largest industrial submarkets in the Valley, Southwest and Airport, feature some of the highest availability rates at 16.6 percent and 12.8 percent, respectively. Despite large amounts of available space, including a total of 54 blocks of available space of 100,000 square feet or more, developers have chosen these submarkets as the location for 88 percent of the new, mostly speculative product currently under construction market-wide. Corporate tenants have moved away from the outdated space offerings currently available, preferring to pay a premium for design-builds or newly delivered speculative Class A product that can offer more functional space with larger clear heights.… Read More

JLL closes $4.2M sale in quiet giant – Deer Valley industrial submarket

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16602 N 23rd Ave - 3Buyer ViaWest gains latest industrial asset with full occupancy, strong fundamentals

The Phoenix office of JLL has just closed the $4.225 million sale of Bell17 Industrial, a three-building, 70,517-square-foot industrial project in North Phoenix’s Deer Valley submarket. The fully leased building acquisition is the latest for the Southwest industrial property buying strategy of ViaWest Group.

“At more than 11 million square feet, Deer Valley is a subtle but powerful part of Phoenix’s industrial real estate market,” said JLL Executive Vice President Steve Sayre. “Like the Bell17 Industrial property, this inventory consists primarily of well-located, quality assets in close proximity to Interstate 17 and the Deer Valley Airport. For those two reasons alone, properties in the submarket tend to garner some of Phoenix’s higher asking rents and perform well for their owners.”… Read More

Q2 Phoenix Office Insight: Developers easing pressure on popular submarkets

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Speculative developments reducing impact of positive absorption gains
At least 13 development companies are capitalizing on the strong demand and limited supply of high-quality space in the Southeast Valley, delivering 557,957 square feet of new product in the first half of 2015. While the remainder of the properties currently under construction are 74.5 percent pre-leased, the properties that have been delivered year-to-date have been mostly speculative, adding over 448,000 square feet of vacant space to the market. These speculative deliveries have kept pace with the 498,123 square feet of year-to-date net absorption, resulting in a stagnant vacancy rate of 22.3 percent in both the first and second quarter of 2015.

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JLL’s John Cunningham featured in the Phoenix Business Journal on Phoenix’s multifamily cresting pipeline

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2014-John-CunninghamThe Phoenix Business Journal featured JLL Phoenix’s John Cunningham in their article ‘Apartment development wave may have crested.’

John Cunningham, Executive Vice President, Multifamily, was interviewed on the current downturn in the post-recession multifamily market. He was featured sharing his thoughts on how Phoenix is viewed as a value market where landlord and investors can buy more for… Read More