Blackstone Group's purchase of a US$18.7 billion industrial portfolio shows e-commerce continues to boost the sector
While consumers and businesses remain upbeat, markets are growing increasingly concerned about the escalating trade war between the U.S. and China. The equity markets pulled back last week while the yield curve turned more inverted. This occurred at a time when other signs of slowing in the economy continue to emerge. Housing sales looked a bit weak despite lower mortgage rates and a decline in durable goods orders, roughly in-line with expectations. The Fed is still sitting on hold with its belief that the recent weakness in inflation is transitory. For CRE, things still look healthy but key questions relevant to its future are coming into focus.
The largest private development in the history of North America is achieving office rents that are nearly 30 percent greater than the Manhattan market average
The arrival of 5G requires commercial property to be constructed in dense urban areas close to the customer.
Foot Locker's investment in retail startup Rockets of Awesome brings the brand to brick and mortar stores
The latest research in JLL’s award-winning Cities Research Programme quantifies Innovation and Talent strengths of over 100 cities globally
Booming healthcare growth means real estate is paramount
The trade policy situation continued to cause whiplash in sentiment last week. After threatening tariffs on all Mexican imports two weeks ago, the U.S. administration backed away from those threats at the end of last week. While we and the markets view that as a positive development, the quickly shifting sands of policy make analyzing and forecasting the economy even more challenging than usual. On the labor market front, we believe that May’s data overstates the pace of slowdown and don’t see that one metric as being sufficient to trigger a rate cut in 2019. Economic momentum is slowing, but not as rapidly as May’s labor data implied. Either way, the Fed now sits squarely in the spotlight with everyone watching their every move. For commercial real estate (CRE), the underlying economy still looks supportive of fundamentals. But that raises our key concern – the low interest rates coupled with solid fundamentals raises the specter of an asset bubble, including CRE.
Trade tensions flared up last week in unexpected ways. With the focus on U.S.-China trade, the administration surprised by threatening tariffs on Mexican exports to the U.S. Markets responded negatively, recognizing the risk for economic growth in the U.S. The increasing risk to the economy raises the prospect of rate cuts, which the futures market already anticipates. The trade war was already reverberating throughout the global economy. Any escalation would likely make the outlook more dire. For CRE, a cloudier economic outlook makes for a cloudier CRE outlook. For now, things still look firm, but the downside risks are increasing, especially for industrial and retail.
Cities with the highest percentage of university graduates are increasingly on the radar of companies and investors.
As the coworking trend continues to gather pace, restaurants and pubs in cities around the world are now formally opening up their space for start-ups and freelancers.
Rethinking retail: landlords redevelop and repurpose retail space
The South market’s overall absorption was positive for the third straight quarter, totaling nearly 275,000 square feet over that time or 2 percent of total inventory. Read more in the Q1 2019 insight.
After four straight years of positive absorption in the 495 North market, 2019 starts on the same tract with 50,000 square feet of positive movement. Read more in the Q1 2019 insight.
For the first time, asking rents eclipse $100 per square foot triple net for new construction in Kendall Square. Read more in the Q1 2019 insight.
128 Mass Pike rents hit new peak for current economic cycle, with overall rents growing 4.2 percent for year-over-year. Read more in the Q1 2019 insight.
The Back Bay market continues to tighten with availabilities down to 6.4 percent, the lowest in 18 years. Read more in the Q1 2019 insight.
Declining vacancy driven by West Cambridge submarket as East & Mid Cambridge remain near 0 percent. Read more in the Q1 2019 insight.
Companies are embracing new tracking technologies that help inform their decisions about rented and owned space. These tracking tools are enabling alignment of occupant priorities with building operators. The outcome? A better tenant experience.
Operational excellence, resource management and risk mitigation rank as critical issues for any business, particularly in the manufacturing sector where firms are taking an increasingly active role in managing these aspects.
Happier employees are also more productive employees. One opportunity to create more happiness and productivity: a lease renewal. At this milestone, companies are often prompted to take a closer look at how to create a more productive work environment. Creating an atmosphere that keeps workers engaged is critical to productivity, but most companies are falling short in that department.
An above-expectations end to 2018 boosted Q1 2019 performance, as office market dynamics firm before further supply delivers.
Today’s workplaces are increasingly being designed with movement in mind to help promote employee health and boost productivity.
The Wing and other women-focused coworking companies are growing as demand rises for niche workplaces
Today’s employees expect more from their workplace canteen than in previous years both in terms of what’s being served and when it’s available
While the focus on reducing costs remains, new objectives have emerged
Secular shifts and defensive portfolio strategies in focus.
JLL’s latest Global Market Perspective shows that real estate market activity has stayed strong
To support elaborate concerts like Beyonce and Jay-Z’s On the Run II tour, music venue owners are rethinking their commercial real estate
The Treasury Department released the second tranche of rules governing the Opportunity Zone program, opening up possibilities for commercial real estate developers
Investors in the United States are shifting their attention from smaller cities to refocus on major markets
Global investors are joining with European partners to develop their presence in the region’s highly competitive real estate market.
Today’s hotels are making it easier and more appealing to exercise away when away from home than ever before
With faster wireless networks rolling out worldwide, cities and businesses are gearing up for the transformation
Across the world, mega-regions are increasingly becoming the economic powerhouses.
As the meeting and events market grows, hotels are revamping their events and meetings facilities to win over events planners with their design, technology and food.
Prefabricated building has doubled in size over the last five years, but it's not without its challenges
Mall owners want people shopping in their stores and locals want amenities on their doorsteps