JLL Central London office market report Q2 2015

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The Q2 2015 edition of the Central London office market report explores the rapid fall in vacancy and how this is influencing the pattern of activity and rental performance and across the market.

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JLL Central London office market report Q2 2015

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The 313,000 net new jobs created in February represented the highest monthly level of job creation since mid-2016. Growth was found throughout the labor market, with goods-producing sectors such as construction, retail and manufacturing in particular holding firm and, in the case of retail trade, rebounding after months of losses. Gains were also possible as a result of a sharp increase in labor-force expansion, which boosted labor force participation and kept unemployment at 4.1 percent rather than declining further.

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December 2017 saw 148,000 net new jobs added to the national labor market, below consensus figures but still healthy. Unemployment held steady at 4.1 percent and is expected to stay flat or decline in the absence of meaningful improvements in labor force participation or accelerated expansion of the labor force. A combination of widespread positive fundamentals, from consumer spending to business investment, is keeping the outlook for 2018 optimistic.

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Monthly employment growth surpassed the 200,000-mark for a second consecutive month in November, adding 228,000 jobs and countering hurricane-related pauses earlier in the year. Importantly, job growth is still taking place faster than the labor force is capable of expanding and with the participation rate not increasing, placing pressure on employers in primary, secondary and tertiary markets to expand their headcount.

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October saw 261,000 net new jobs added, a rebound from a weak September hit with two hurricanes and an initially negative employment growth figure. Revisions brought September back to positive territory, however, extending the expansionary streak to 84 consecutive months of growth. Although unemployment has fallen to 4.1 percent, wage growth has yet to meaningfully improve, remaining below the 3.0-percent threshold and with most industries seeing a slowdown the rate of annual earnings growth.

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The national labor market saw 156,000 net new jobs added in August, a solid figure but below expectations. Additionally, previous months registered downward revisions to job growth, muting some of the rebound witnessed during the summer. Continuing a trend that has intensified in recent quarters, a lack of skilled workers combined with minimal unemployment and external difficulties such as housing affordability in tech hubs have significantly slowed tech growth over the year. Even with inconsistent inflation, sustained job growth could likely encourage another Federal Reserve rate hike in the near term.

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If there is a life that makes you feel good and makes your life easier, here it starts. Established at a location that challenges the traffic in Istanbul, Sinpas Queen Bomonti Homes provides its residents with a unique comfort of living. With a city park of 10,000 m², a lounge area on the 48th floor, a lobby area with the comfort of a hotel and pleasant balconies – terraces, you will be caught under the influence of Sinpas Queen at the first glance. Sinpas Queen Bomonti Homes is waiting for you with an option of flats ranging from 1+0 to 3.5+1 that make a difference. Here is Sinpaş GYO, with a very special project that will crown İstanbul, the queen of all metropoles of the world. Sinpas Queen Bomonti is rising in Şişli Bomonti, the heart of İstanbul, with the elegance of a queen. Sinpaş Bomonti apartments are designed with a functional and loft interior design that reflects the urban life. Due to large windows starting from the floor up to the ceiling, the sunlight will cross through every single point. Live in the center of the city thanks to Queen Bomonti, right near Dolmabahçe Tunnel, a 2-minute drive away from Istanbul’s culture, arts and entertainment centers.Who doesn’t want to have a secret garden in the heart of the city with a glamorous landscape? Queen Bomonti offers a different life that brings you together with nature and urbanity. You will feel how precious is your time with your family is in the spa, social facilities, celebration and invitation areas.

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