Venture capitalists invested $1.05 billion in global construction technology (ConTech) in the first half of 2018. The investment volume of 2018 is already up nearly 30 percent over the 2017 total – and there’s still another six months left in the year. ConTech’s growth is enticing to users and investors alike, with investment growth actually outpacing overall tech startup investment growth in the United States.
Technology has affected banking and financial services and how they are evolving. Four themes have emerged to illustrate the rapidly changing industry.
- Integration, integration, integration!
With so many new lines of business, financial service companies became challenged on how best to integrate functions to be more efficient, serve customers at the highest … Read More
The escalating war for tech talent in major tech hubs is real. Unemployment in traditional tech hubs like Silicon Valley and San Francisco is historically low at a time when tech drives 24.2 percent of U.S. office leasing activity. While these hubs boast access to talent and a culture of innovation,… Read More
In the recently released U.S. Technology Office Outlook, JLL has identified Phoenix as one of the fastest-growing tech markets in the country. High tech job growth in Phoenix reached 7.6 percent in 2015.
High tech job growth in Phoenix has exceeded overall job growth, which increased only 3.4 percent during… Read More
A walk from the high-speed glass elevator towards the airy meeting room takes you past spacious break out areas on one side with sweeping views on the other. The catch: none of it is real—yet.
In cities around the world, real estate developers are taking the technology that brought us video… Read More
Great minds don’t always think alike. In the tech sector the emphasis is on innovation and pushing boundaries – and the minds that do this increasingly want buildings which offer more – both in their work and home lives.
As such, companies and their employees are turning their backs on the standard office building and multifamily developments by opting for trendy “we” space where… Read More
JLL reveals 21 U.S. locations 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… Read More
The following is an excerpt from an article originally published on National Real Estate Investor.
There is no doubt that technology has transformed our culture in every way. From how we communicate to how we buy services and how, and where, we work. But lately, technology’s impact has hit closer to home, in our… Read More
It is no secret that Phoenix is seeing a vast growth of technology companies. According to an article recently published by Forbes Magazine, “Arizona has more than 7,600 high-tech companies already operating within the state.” And according to the Arizona Commerce Authority, 54 out of every 1,000 private sector workers are employed by a high-tech firm with the average high-tech wage almost 2.5 times greater than the average wage in Arizona.
So how is this growth changing the real estate landscape? Our local tech expert, JLL associate Trevor Pratt, summarizes the big trends he is seeing after working with companies like OutboundEngine, FATHOM, Beyond Trust, Wayside Technology Group and SigFig.… Read More
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.