Category Archives: Office

Loft-Like Spaces, Multi-Purpose Game Rooms: The Rise in the Creative Office Space Market [REPORT]

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Millennials Drive Demand for Unique Amenities and Creative Office Properties

According to the 2018 Philadelphia Creative Office Market Overview, the city shows a growing interest in creative office spaces.Graham Building Philadelphia, PA

Demand for more creative office spaces centers around a new generation of Millennial and Generation Z professionals: An influx of younger populations and flourishing tech sector competing for top talent are rejecting the traditional high-rises of their parents’ generation, opting for more unique and exciting workspaces.

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Philadelphia’s Highly Educated Talent Lives and Plays in One Place and Works in Another

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Now more than ever, it’s critical that real estate investors, developers, and decision-makers understand which cities and suburbs are experiencing job growth and attracting highly-educated talent. Discover the impacts of employees in Philadelphia participating in the “reverse commute” trend, pulled from the first installment of our Ambitious Thinking Research on Smart Cities report, called “Live, Work, Play?”

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Potentially the Biggest Deal of 2018 for Greater Philadelphia [Q2 Research]

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JLL Philadelphia Office Research - Q2 2018

At the end of each quarter, top analysts from JLL pull office insights for leading markets to form office highlight reports. Discover office trends impacting Philadelphia along with notable transactions in this short summary, pulled from the complete JLL Q2 2018 Office Report. Highlights include… Read More

The Campus at Valley Creek Leads the Suburban Revival

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campus at valley creek 2

If you’ve been hearing a lot of talk about the suburban revival, it’s probably because of offices like The Campus at Valley Creek. 

Modern office spaces require a bit of a balancing act. Today’s employees are more attentive to how much time they spend at work, and as… Read More

Up, Up, and Away for Philadelphia CBD

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Philadelphia CBD

It’s up, up, and away in the Philadelphia CBD with office rents on the rise and absorption turning positive.

The new year started quietly in Center City with leasing activity down but absorption trending upward into positive territory. (At the time of this post, clocking in at 46,594 SF.)

Notably, Q1 was… Read More

Philadelphia New Construction is the Northeast’s Biggest Bargain, but Availability May Be Destined to Dwindle

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Philadelphia new construction

Across the country, tenants expect – and are often willing – to pay a premium for new construction. The rent gap between existing buildings and new deliveries, however, can vary widely from place to place with certain markets standing out as more affordable than their neighbors. In the Northeast, JLL has… Read More

What’s on the horizon for NJ incentives?

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With a new governor at the helm in New Jersey, and the Grow NJ program scheduled to sunset in mid-2019, the market is curious about the future of economic incentives in the Garden State.

So naturally, our colleagues in New York asked themselves what’s on the horizon for NJ incentives? We had a hunch that CRE leaders in Greater Philadelphia – especially those served by our Cherry Hill office – would be just as interested… Read More

Categories: Office.

Can You Guess The Most Expensive Street in Philadelphia?

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Ask an office tenant which factors most impact their leasing decisions, and there’s at least one answer you can rely on: “Location, location, location.” Though desirable locations typically come with a high price tag, many office tenants are willing to pay for the prestige, accessibility, or surrounding amenities that come with it. This year, JLL’s biennial Most Expensive Streets study has revealed that the most expensive street in Philadelphia is 30th… Read More

Research: Law Firm Office Market Swings in Tenants’ Favor

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Heading into 2018, the global economic outlook remains optimistic – and the law firm office market is no exception.

JLL Law Firm Office Market Header

If you’ve already consulted JLL’s 2017 Law Firm Perspective, you’ll recall that most markets will continue to shift towards tenants as office-hunting conditions become increasingly favorable. (If you… Read More