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
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
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
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
This May, JLL launched our first-ever City Retail Report with the goal of analyzing the most promising retail destinations across the country. We are excited (though not surprised) to say that Philadelphia came out on top! Thanks to… Read More
With a new year and a changing skyline, JLL has released Q4 2016 stats that are indicative of some interesting trends in the central business district and suburbs of Philadelphia.
CBD insights show that:
- Businesses’ “reverse migrations” eastward, such as Five Below’s relocation to 701 Market Street, … Read More