Monthly Archives: April 2016

An Update on JLL’s Construction Perspective

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Construction activity expected to grow in 2016, but the ascent will be slower.

2015 was a remarkable year for post-recession construction activity. The construction industry took one of the hardest-hits in 2009-2010, and has been slow to bounce back and rebuild their business activity – until 2015.

Highlights include:

  • Office space under construction peaked at 92.8 m.s.f.
    • Philadelphia was at 3.2 m.s.f. in Q4 2015
  • Construction costs increased in primary office markets, driven by skyrocketing labor
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JLL Lands Three Spots in the Mid Atlantic Real Estate Journal’s “Best of 2015”

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The Mid Atlantic Real Estate Journal’s “Best of” highlights the largest developments, major financial transactions, largest office, retail & industrial transactions, as well as the most unusual architectural and construction projects. In addition, the list features the owners, brokers, developers, architects who made it all happen.

JLL is proud to be recognized in the Mid Atlantic Real Estate Journal’s “Best of 2015” in three different categories:

 

TOP BROKERS

James Galbally and Douglas Rodio, Managing Directors,… Read More