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