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News release

NEW YORK, NY

JLL Launches Microsite for Tech Companies

Microsite aims to ease space search for tech companies of all sizes doing business in Manhattan and Brooklyn


NEW YORK, November 17, 2015 — JLL announced the launch of a microsite, created and powered by JLL, designed to ease the office space search process in Manhattan and Brooklyn for tech companies. Depending on where a company falls in the tech company growth cycle, the site takes users on one of three journeys through a series of questions, considerations and market factors that impact the pursuit of work space in and around the city.

“New York has the fastest growing tech community in the country,” said Phil Palmer, executive managing director. “We have heard from executives at a number of tech companies that feel they have been mostly overlooked by the major, and local, real estate firms. JLL launched a microsite to provide the leaders of this incredibly important market segment with the tools they need to find New York work space.”

A departure from how real estate companies typically engage with tech companies, the microsite offers a digital experience designed to help tech companies sift through the many considerations and market factors impacting the pursuit of work space beyond just the numbers — although the site covers those too.

New York’s tech sector is one of the most active industries in the city. Employment growth in the industry regularly outpaces total nonfarm and private sector employment. Tech has also been a key-driver behind post-recession office-using employment growth; tech employment has grown by 46 percent since 2009.

Venture capital funding — currently at its highest level since the dot-com era of 2000 — continues to pour into the metro area, largely due to the opportunity for innovation that exists between tech and the city’s core industries of finance, media, and advertising. Of the $5.6 billion in venture capital raised through the third quarter of 2015, 82 percent, or $4.6 billion, went to tech startups.

For more information, please visit the microsite at http://www.jll.com/thesquare.

JLL is a leader in the New York tri-state commercial real estate market, with more than 2,000 of the most recognized industry experts offering brokerage, capital markets, property/facilities management, consulting, and project and development services. In 2014, the New York tri-state team completed approximately 22.8 million square feet of lease transactions, arranged investment sales transactions valued at more than $5.4 billion, managed projects valued at $7.6 billion, and oversaw a property management, facilities management and agency leasing portfolio exceeding 163 million square feet.

About JLL
JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. A Fortune 500 company with annual fee revenue of $4.7 billion and gross revenue of $5.4 billion, JLL has more than 230 corporate offices, operates in 80 countries and has a global workforce of approximately 58,000.  On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3.4 billion square feet, or 316 million square meters, and completed $118 billion in sales, acquisitions and finance transactions in 2014. Its investment management business, LaSalle Investment Management, has $57.2 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.