Yearly Archives: 2015

628,000 Philadelphia workers live within walking distance of rail transportation

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Considering today’s tightening labor market, choosing an office location with access to talent is vital. Philadelphia’s extensive rail network enables companies in close proximity to transit the ability to access more than 628,000 workers within walking distance of a rail station (0.75 miles).

Looking more closely: 147,000 of these workers have at least a Bachelor’s degree, or 21 percent of the region’s Bachelor’s-holding population and 153,000 (24 percent) are under the age… Read More

Categories: News.

Philly’s hotel boom: too much room at the inn?

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The recent hotel story in Center City Philadelphia is strong with average Saturday night occupancy at 88.2 percent and leisure room nights are up 273 percent since 1996. In June 2015 we saw a record-breaking occupancy across CBD. The seven hotel projects under construction will expand the CBD inventory by 1,800 rooms (about 16 percent) within the next 24 to 30 months. The performance of these deliveries will influence 1,500 additional… Read More

Categories: News, Research and tagged , .

Take a dive into the Central Business District in our latest Wilmington Skyline Review

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The Wilmington Skyline Review features an in-depth look at 25 of the most significant office buildings in the Central Business District (CBD), and the trends in the local and regional areas. The report offers a timely snapshot of the market, combining data-driven insights on the Downtown and Riverfront submarkets with individual building statistics.

Highlights from the Skyline Review include:

  • Wilmington’s CBD includes both the traditional established office core (Downtown) and the more recently
  • Read More
Categories: News.

515 Zarfoss Drive in York has SOLD!

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On behalf of Endurance Real Estate Group, LLC and Thackeray Partners, JLL’s Philadelphia Capital Markets Group is pleased to announce, on has closed the sale of 515 Zarfoss Drive in York, Pennsylvania to Industrial Property Trust Inc. for $16,500,000. Totaling 312,769 square feet, the Property is located in the 27 million square foot Central Pennsylvania industrial market, which is widely considered one of the top performing in the United States.

“515 Zarfoss… Read More

Categories: Industrial, Industrial Leasing, News and tagged .

JLL Names Paul Pontius, EVP, Industrial Services

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Paul Pontius

Paul Pontius has joined JLL as Executive Vice President of Industrial Services in our Philadelphia’s Mechanicsburg office. In his new role, Pontius will aid a dedicated industrial team and provide a range of services throughout central Pennsylvania including leasing, tenant representation, sales and site selection.

 Prior to joining JLL, Pontius spent 18 years working with… Read More

Categories: Industrial, News, Office and tagged .

What went on in the ‘burbs during Q3?

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Large deals made headlines in the third quarter of 2015, according to JLL’s Office Statistics and Insights, released in October:

Four investment sales took place totaling more than $211.5M in the King of Prussia/Wayne area.

  1. CrossPoint at Valley Forge, a recent redevelopment project at 550 E. Swedesford Road, sold for $328 per square foot, topping last year’s high watermark of 1000 Continental Drive by $22 per square foot.
  2. Liberty Property Trust continued its exit
  3. Read More

Over 18 million square feet under construction or proposed in CBD development pipeline

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 CBD Development Pipeline COW

  • Multifamily projects continue to dominate the CBD construction boom: nearly 6,000 units are scheduled to deliver within the next three years along with an estimated 1,500 units possible as developers refine plans
  • Strong growth in Center City’s Philadelphia’s population continues to fuel demand for other
  • Read More

JLL’s Amanda Ryland recognized in The Philadelphia Business Journal

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JLL welcomes Amanda Ryland as Vice President of Business Development for our Project and Development Services and Construction groups.

Amanda is a seasoned professional whose experience and skill set will take JLL’s Project Development Services and Construction group to a new level,” said Jim Adams, JLL Philadelphia Managing Director, Project and Development Services and Construction. “We are confident in her strategic abilities and warmly welcome her fresh perspective.”

Ryland has more than 15… Read More

Categories: News and tagged , .

Delco firms add city features – and jobs:

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Philadelphia has more jobs now – more than 640,000, according to the federal jobs census – than since the early 2000s.

That’s unlike wealthy Chester, Montgomery, and Bucks Counties, South Jersey, and the Princeton and Wilmington areas, which still have fewer people working than they did before the recession.

But there’s a big suburban exception, which should give those who want to renew Center City as a corporate center, something to think about:

In… Read More