Category Archives: Research

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?”

Woman working at laptop and drinking coffee at shop asRead More

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

Philadelphia’s population growth is driven, in part, by top talent

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The city is attracting highly skilled labor faster than Boston, Seattle or San Jose

It’s easy to feel like the Philadelphia CBD is swelling; new construction, competitive parking, and traffic congestion might be frustrating, but they also tell a story of a booming city. While census data tell us that Philadelphia’s modest growth is due more to rising birth rates than relocation, we know that Center City’s population is increasing, especially east… Read More

Categories: Research, Technology.

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

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

In Philly Tech, Leasing and Talent are on the Rise

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If you’ve been following the tech boom in recent years, you may have noticed a trend: tech companies are real estate’s #1 office customer, and as we rely more and more on the innovations coming out of these offices, we can reasonably say that this is no bubble. Rather, it represents a complete shift in the way we do business.  

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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

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

Annual JLL Skyline Report Shows that Philadelphia Has Room to Grow

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JLL Skyline Report

As the summer months dwindle down, JLL has once again released our annual Skyline report: a comprehensive analysis of the buildings that shape our city skyline. What we found was a competitive skyline, with plenty of room to grow.

“Philadelphia’s skyline is in expansion mode,”… Read More