Category Archives: Office

With a Slow Q3 Behind us in the Philadelphia CBD, Office Leasing Needs to Pick up Before 2018

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Philadelphia CBD VacancyDespite a sluggish third quarter in the Philadelphia CBD, our office market is about to reach a tipping point.

After falling 2.4% from Q2 levels, rents stabilized around $30 per square foot throughout Q3. This subdued market is notable, considering the city and region posted their strongest job growth in years and the current… Read More

Categories: Office, Research.

The Future of Real Estate and Technology with JLL and Marcus Shingles

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Future of Real Estate

Our clients, colleagues, and the media ask us all the time – where is the future of real estate headed, and how can I stay ahead of the curve? To begin answering that question, JLL hosted an event at The Logan Hotel on October 3: “Disruptive… Read More

JLL Announced as Leasing Agent for University of Delaware’s STAR Tower

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JLL Announced as Leasing Agent for University of Delaware's STAR Tower

In case you missed it, JLL and Delle Donne and Associates have formally announced the development of a new trophy office tower at The University of Delaware’s Science, Technology and Advanced Research (STAR) Campus. Since renderings began circulating and… Read More

Office Highlights from the Philadelphia CBD and Suburbs

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Office Highlights for the Philadelphia CBD and Suburbs

If you’re examining Philadelphia’s Q1 office activity, published by JLL this April,  it seems that the CBD may be experiencing a calm before the storm:

  • Absorption remained sluggish due to the prevalence of small deals, modest tenant expansion, and key departures such as Dow from 100
  • Read More

Westlakes: A List of Amenities as Long as Its Bike Trails

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Westlakes eveningAfter undergoing major renovations, ‘Westlakes’ is open for business! Take it from us, this one-of-a-kind campus is going to make waves in the suburban market. How do we know that? Because JLL is not just the leasing agent, but a Westlakes tenant ourselves.

The owner, Keystone Property Group, likes… Read More

Fort Washington Technology Center at the Center of Suburban Transformation

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FWTC Green Space

Sixteen foot ceilings, one and a half acres of green space, and a living green wall in a state-of-the-art tech lounge. It may not scream “data center,” but then again, that was the point.

The Fort Washington Technology Center at 1100 Virginia Drive is just one of the Class A… Read More

Modern Meets Market @ 1601

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1601 Market Street Philadelphia ExteriorEveryone is talking about 1601 Market Street. With sleek glass, bright lights, and striking signage, the building’s design captivates you immediately. The boldest statements, however, are made on the inside with aesthetics, amenities, and award-winning features that are not just modern but quintessentially “Philly.”

 

 

Thanks in part to… Read More

A Valuable Real Estate Partner in Philadelphia’s Booming Economy

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It’s an exciting time for Philadelphia, and no firm knows that better than us. 

“There’s a real buzz here,” says Mike McCurdy, managing director of the Philadelphia market. “Cranes are everywhere, and new retailers are coming in. Millennials through Baby Boomers are moving downtown, while key suburban markets remain strong. It’s the best economy I’ve seen in my 30-year real estate career here.”

Why here? Why now?

Philadelphia has historically maintained a fairly stable economy—never… Read More

There is no “pumping the breaks” for the U.S. office market

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Year-end results proved that economic expansion has reached a tipping point in many markets across the U.S, pushing rental rates to pre-recession levels. Activity is now spreading beyond West and Northeast into Sun Belt markets on the heels of demographic, financial and professional business services growth.

What other trends have we seen and what do they mean for 2016?

  1. The U.S. economy continued to expand in 2015 through both employment and output, despite
  2. Read More
Categories: News, Office and tagged , , , .

“Uber just opened a big ol’ corporate-looking office in Southwest Philly”… and we built it out

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“We were proud to build out your new Philly space #Uber!” – JLL PDS & Construction, Jim McGrath, Phil Tortorelli & Pat Wahl

Uber offices in S. Philadelphia

According to Technical.ly Philly, the ridesharing company has set down roots deep in Southwest Philly, just north of the airport, and… Read More