An in depth look at how residential demand, corporate growth, and development activity sparked the resurgence of downtowns across the Great Lakes region.

1. © JLL 2017 1
Full circle:
An in-depth look at how residential demand,
corporate growth, and development activity
sparked the resurgence of downtowns across
the Great Lakes region

2. © JLL 2017 2
Introduction
Ann Arbor
Cincinnati
Cleveland
Columbus
Detroit
Grand Rapids
Louisville
Pittsburgh
Table of contents
3
5
12
19
26
33
40
47
54
2©© JJLLLL 22001177

3. © JLL 2017 3
Introduction
There is a renaissance taking place in downtowns across the entire Great Lakes region. Revitalization and reurbanization are gaining
momentum and intensity. This reimagining of downtowns is drawing people, businesses, and investments back to the urban core.
Cultural, educational, and medical institutions anchor these city centers. They are also home to a growing number of retail and
entertainment options, creating optimal live-work-play environments. These downtowns also boast improved infrastructure and transit
systems, providing residents with superior levels of connectivity and walkability. The increasing availability of such amenities is
attracting Millennials and empty nesters to downtowns.
Downtowns are once again becoming the economic hubs of their respective regions. They are home to a diverse and growing
spectrum of companies and industries. So, as the population migrates downtown, large corporations and startups are also doing so
with increasing velocity. The attraction and retention of talent are fundamental to a business’ success, and companies are supporting
their employees’ desire to live-work-play in an urban landscape. In today’s dynamic business environment, companies are finding that
having a downtown address is a competitive advantage.
This migration toward urban areas is also encouraging large scale investments by both the public and private sectors. Private
investment is focusing primarily on residential and mixed-use development. Many developers, incentivized by state and federal tax
credits, are converting functionally obsolete properties for multifamily and hotel use. These converted buildings, frequently displaying
historic and beautiful architecture, are extremely popular and are nearly or fully pre-leased at the time of completion. This wave of
private development has increased the local tax bases, allowing cities to reinvest in themselves. Public investment projects have been
focused in the areas of mass transit, infrastructure, and public spaces, which in turn, have made downtowns more attractive places for
residents and businesses.
These themes are common across the entire Great Lakes region. However, there are trends and attributes that make each downtown
unique. This report examines these trends and the resurgence taking place in the downtowns across the Great Lakes region.
3© JLL 2017

4. © JLL 2017 4
By the numbers
Square Miles
Residential
population
Population
growth
since 2000
Percent
Millennials
Total
employment
2016
Business
attraction
and retention
(office tenants)
# of
investment
projects
(2012-
planned)
Total
investment
Private
investment
Ann Arbor 1.3 17,100 18% 60% 25,800 13 39 $587.5M 97%
Cincinnati 3.3 22,900 13% 33% 151,700 39 71 $2.4B 79%
Cleveland 2.9 14,000 79% 48% 98,000 70 108 $6.6B 67%
Columbus 2.7 8,900 54% 42% 104,400 26 152 $3.5B 52%
Detroit 7.2 37,700 3% 32% 140,300 27 116 $6.6B 77%
Grand Rapids 2.7 14,000 27% 39% 48,800 17 51 $1.2B 87%
Louisville 2.2 10,300 23% 31% 102,600 29 78 $2.6B 51%
Pittsburgh 4.8 33,000 17% 37% 134,400 70 111 $4.3B 87%
planned)

5. © JLL 2017 5
Full circle: Ann Arbor
An in-depth look at how residential demand, corporate
growth, and development activity sparked the
resurgence of downtown Ann Arbor

6. © JLL 2017 6
Downtown Ann Arbor
More than a college town
Home to the University of Michigan, Ann Arbor has always had a strong presence and reputation in
the southeast Michigan community. With the continued influx of tech companies, startups, and
venture capital, the downtown core is undergoing a transformation. Ann Arbor’s residential and
office density is continually increasing, changing the downtown from a college town into an urban
center. As tech companies and startups continue to locate here to recruit talent from the university,
developments to house them will continue, as will demand for retail, entertainment and other
commercial amenities. Ann Arbor is well positioned for the future given its growing business
community, the presence of the University of Michigan, and its proximity to metropolitan Detroit.
6© JLL 2017

7. © JLL 2017 7
Downtown Ann Arbor by the numbers
60%Percent Millennials
25,800Total employment
13Office tenants
2016 Business attraction and retention
39# of investment projects (2012-planned)
$587.5MTotal investment
97%Private investment
1.3Square miles
17,100Residential population
18%Population growth since 2000
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8. © JLL 2017 8
People
200,000
260,000
320,000
380,000
12,000
14,000
16,000
18,000
2000 2010 2017
Population growth
Downtown Ann Arbor has seen steady
population growth in recent decades, however,
that growth has accelerated recently thanks to
new multifamily development.
322.9K
344.7K
361.2K
14.4K
14.9K
17.1K
Demographics
Millennials make up over half of the
downtown population, most of whom are
students, a significant factor driving
business attraction and retention.
28%
60%
5%
5%
Generation Z (0-19)
Millennials (20-36)
Generation X (37-52)
Baby Boomers (53-71)
The Silent Generation (72+)
Residential development
Developers have added nearly 2,000
residential units downtown since 2000,
with even more in the pipeline.
4,000
6,000
8,000
2000 2010 2017
5.4K
5.8K
7.2K
Downtown Ann Arbor
Downtown population Metro population
2017 downtown population by age
Downtown housing units

9. © JLL 2017 9
Business
Largest employers
Although the University is by far the largest
employer in Downtown Ann Arbor, private
companies from tech to banking are making
their presence felt.
University of Michigan
Washtenaw County
City of Ann Arbor
DTE Energy
Google Ann Arbor
14,710
1,330
850
500
400
Barracuda Networks
Llamasoft
Duo Security
Bank of Ann Arbor
Prime Research
270
200
150
140
110
Business attraction and retention
The University of Michigan is essential to Ann
Arbor’s strategy for attracting and retaining the
companies that are recruiting their talent.
Llamasoft
TD Ameritrade
FICO
Penny W. Stamps School
Duo Security
UM Alumni Association
Carlisle Wortman
Sight Machine
All Hands Active
Lakeside Software
Kohlitz Video Production
Atwell
Lotus Consulting
Retention or expansion Attraction
Employment by industry
Professional and business services
Hospitality, leisure and retail
Government
Construction, manufacturing and transportation
Downtown employment by industry
Information
Education and healthcare
Other
Downtown Ann Arbor has a thriving 21st
century economy with significant employment
in the business and technology industries.
37%
26%
13%
6%
5%
5%
8%
Downtown Ann Arbor

10. © JLL 2017 10
Investment
61%
38%
Investment by project status
Investment activity surged over the last five
years and multiple projects are ready to
break ground in 2017.
Completed (2012-16)
Under construction
Planned
$359.1M
$7.5M
$221.2M
22
1
16
Status Investment
# of
projects
Investment by funding type
The vast majority of downtown investment
has been private multifamily projects, with
a handful of public use developments
making up the public investment.
97%
Private investment dollars
Public investment dollars
$0
$100
$200
$300
$400
$500
Education,
infrastructure,
public use
Entertainment,
retail
Hotel Office Residential
Investment by property type
Residential development has received by far
the largest share of investment, as other
product types have taken a back seat.
4
projects
26
projects
4
projects
4
projects3
projects
($M)
Downtown Ann Arbor

11. © JLL 2017 11
1 410 First
Significant projects under construction
1 611 E University
2 Kingsley
3 Kingsley Parkside
4 M Den Office Building
5 Madison on Main
6 Main on the Park
7 Montgomery Houze
8 Moving on Main
9 Residences at 615 Main
10 Running Fit Residential
11 South University Streetscape
12 The Calvin
13 The Collegian North
14 The Glen
15 The Jefferson
16 The Library Lot
Notable proposed projects
1 121 Kingsley West
2 414 Main
3 4th & William Garage Renovation
4 618 South Main
5 ArborBLU
6 Bank of Ann Arbor Expansion
7 Detroit Street Flatiron
8 Library Renovation
9 Foundry Lofts
10 Residence Inn
11 Selo/Shevel Renovation
12 The Graduate
13 515 Fifth
Significant projects completed in 2015-16
Investment map
Completed in 2015-16 Under construction Proposed
Downtown Ann Arbor

12. © JLL 2017 12
Full circle: Cincinnati
An in-depth look at how residential demand, corporate
growth, and development activity sparked the
resurgence of downtown Cincinnati

13. © JLL 2017 13
Cincinnati becomes destination through urban growth
Downtown Cincinnati has undergone a tremendous transformation over the last five years that has positioned its urban core to
be a live-work-play destination for companies, professionals, and visitors. Cincinnati is home to a mature corporate community
consisting of 10 Fortune 500 companies. In addition, Downtown Cincinnati has become a hotbed for startup activity as
companies flock to the Central Business District and Over-The-Rhine to attract and retain top talent.
The urban core is in a historic expansion phase for downtown population and residential units, which in return is
catalyzing its growth in retail and entertainment. The market fundamentals that have led to Downtown Cincinnati’s growth
are projected to continue through 2017 and further solidify the urban core as one of the more desirable destinations in
the Midwest for companies and professionals alike.
Downtown Cincinnati
13© JLL 2017

14. © JLL 2017 14
Downtown Cincinnati by the numbers
33%Percent Millennials
151,700Total employment
39Office tenants
2016 Business attraction and retention
71# of investment projects (2012-planned)
$2.4BTotal investment
79%Private investment
3.3Square miles
22,900Residential population
13%Population growth since 2000
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15. © JLL 2017 15
1,400,000
1,800,000
2,200,000
18,000
21,000
24,000
2000 2010 2017
Population growth
Downtown Cincinnati has seen recent
population growth during a period of steady
growth at the metro level.
1.9M
2.1M
2.2M
20.3K
19.7K
22.9K
Downtown population Metro population
Demographics
19%
33%23%
20%
Millennials make up one third of the
downtown population, a significant factor
driving business attraction and retention.
Generation Z (0-19)
Millennials (20-36)
Generation X (37-52)
Baby Boomers (53-71)
The Silent Generation (72+)
11,000
13,000
15,000
2000 2010 2017
Residential development
12.8K
12.6K
14.6K
Downtown housing units
Unlocking pent-up demand: Developers have
added 2,000 residential units downtown since
2010, and yet, occupancy remains above 95%.
People
Downtown Cincinnati
2017 downtown population by age

16. © JLL 2017 16
Largest employers
The largest private employers in downtown
Cincinnati span a broad range of industries,
illustrating the diversification of the region’s
economy.
Procter & Gamble
Fifth Third Bancorp
Western & Southern
American Financial Group
Rock Gaming
3,900
2,000
1,800
1,700
1,700
U.S Bank
The Kroger Company
Duke Energy
Macy’s Corporate
Cincinnati Bell
1,300
1,300
1,000
800
700
Business attraction and retention
In 2016, downtown business attraction and
retention efforts secured commitments from
more than 39 office tenants. Below are the
companies that made the largest office
commitments in 2016.
Bricker & Eckler
Coca-Cola
CTI
Dean Houston
Arthur J. Gallagher
Bahl & Gaynor
Brandcraft Srategies
Cincinnati Convention Bureau
Cors and Basset
Doc Halo
Fifth Third Bank
Freking Myers & Reul
Graydon Head
JLL
Key Bank
Landor
Miller Coors
Northcreek Mezzanine
Retention or expansion (285,000+ s.f.)
Attraction (315,000+ s.f.)
Employment by industry
Construction, manufacturing and transportation
Professional and business services
Hospitality, leisure and retail
Government
Downtown employment by industry
Information
Education and healthcare
Other
Downtown Cincinnati has a thriving 21st
century economy with significant employment
in the business and technology industries.
28%
25%
25%
7%
5%
7%
Business
Empower Media Marketing
Interbrand
The Health Collaborative
Downtown Cincinnati

17. © JLL 2017 17
Downtown Cincinnati
65%
14%
21%
Investment by project status
Downtown Cincinnati has transformed due to
increased investment activity, and current
projects planned and underway show no
signs of a slow down.
Completed (2012-16)
Under construction
Planned
$1.5B
$319.4M
$498.3M
51
8
12
Status Investment
# of
projects
Investment by funding type
Private investors have taken notice of the
momentum downtown and are answering the
call by funding the lions share of downtown
investment dollars.
79%
21%
Private investment dollars
Public investment dollars
$0
$250
$500
$750
Education,
infrastructure,
public use
Entertainment,
retail
Hotel Office Residential
Investment by property type
Residential development has driven investment
as investors work to address a underserved
market with occupancy over 95%.
9
projects
33
projects
11
projects
10
projects
($M)
8
projects
Investment
Downtown Cincinnati

18. © JLL 2017 18
7 Lytle Park Tunnel Renovation
8 Market Square
9 Merchants Building Lofts
10 Music Hall Revitalization
11 Streitmann Biscuit Co. Building
12 Ziegler Park
1 309 Vine
2 4th & Race
3 AC Hotel
4 Cincinnati Shakespeare Company
5 Empower MediaMarketing HQ
6 Lytle Park Renovation
Significant projects under construction
1 4th & Walnut
2 824 Broadway
3 8th & Main
4 8th & Sycamore Phase
5 8th & Sycamore Phase 2
6 Freeport Row
7 Jewlers Exchange Building
8 Textile Building
16 John Weld Federal Building
17 KAO Office Expansion
18 Mercer Townhomes
19 Morelein Lager House
20 Renaissance Cincinnati
21 Seven at Broadway
22 Smale Park Phase 1 & 2
23 Smale Park Phase 3 & 4
24 Smale Park Phase 5
25 Sotto/Boca
26 Taft’s Ale House Place
27 Tea Company Townhomes
28 The Banks Phase 2 A
29 The Banks 2 B
30 YMCA
1 84.51
2 Abington Flats
3 Alumni Lofts
4 Anna Louise Inn
5 Aqua on the Levee & Aloft Hotel
6 AT 580
7 Cincinnati Streetcar
8 Cintrifuse
9 Cincinnati Parking Garage
10 Cutter Apartments
11 The Reserve
12 Holiday Inn Hotel
13 Homewood Suites
14 Horshoe Casino
15 Hyatt Regency Renovation
Significant projects completed in 2015-16
Investment map
Notable proposed projects
Completed in 2015-16 Under construction Proposed
Downtown Cincinnati

19. © JLL 2017 19
Full circle: Cleveland
An in-depth look at how residential demand, corporate
growth, and development activity sparked the
resurgence of downtown Cleveland

20. © JLL 2017 20
Cleveland’s resurgence gains national attention
2016 was an exceptional year for Cleveland. In October, Forbes Magazine declared Cleveland, “America’s hottest city”, and
the title was fitting. In June, the Cleveland Cavaliers won the NBA Championship, in July, the city hosted the Republican
National Convention, and in October, the Cleveland Indians kept the magic alive with an appearance in the World Series.
The national spotlight these local accomplishments drew provided Cleveland with an opportunity to change its narrative.
Audiences across the nation had an opportunity to learn about downtown Cleveland’s resurgence, driven by residential
demand, corporate growth, and $6.6 billion in development activity.
The media’s expansive coverage of the region during this time focused on more than just excellence in athletics, highlighting
Cleveland’s burgeoning food scene, its thriving arts community, its affordability, and many other positive developments
transforming downtown Cleveland. These influential factors have allowed Cleveland to draw America’s youngest and
brightest away from economic hubs, such as; New York, Boston, and Silicon Valley.
Cleveland’s comeback story was cemented in 2016 under the national spotlight. Now as we enter 2017, look for downtown
Cleveland’s resurgence to continue with greater intensity and magnitude.
Downtown Cleveland
20© JLL 2017

21. © JLL 2017 21
Downtown Cleveland by the numbers
48%Percent Millennials
98,000Total employment
70Office tenants
2016 Business attraction and retention
108# of investment projects (2012-planned)
$6.6BTotal investment
67%Private investment
2.9Square miles
14,000Residential population
79%Population growth since 2000
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22. © JLL 2017 22
Downtown Cleveland
0
550,000
1,100,000
1,650,000
2,200,000
-
4,000
8,000
12,000
16,000
2000 2010 2017
Population growth
Downtown Cleveland has seen rapid
population growth despite stagnation at
the metro level.
2.1M 2.1M 2.1M
7.8K
9.9K
14.0K
Demographics
15%
48%
20%
14%
Millennials make up nearly half of the
downtown population, a significant factor
driving business attraction and retention.
Generation Z (0-19)
Millennials (20-36)
Generation X (37-52)
Baby Boomers (53-71)
The Silent Generation (72+)
-
2,250
4,500
6,750
9,000
2000 2010 2017
Residential development
Unlocking pent-up demand: Developers have
added more than 4,000 residential units
downtown since 2000, and yet, occupancy
remains above 90%.
4.3K
6.6K
8.6K
People
Downtown population Metro population Downtown housing units
2017 downtown population by age

23. © JLL 2017 23
Largest employers
The largest private employers in downtown
Cleveland span a broad range of industries,
illustrating the diversification of the region’s
economy.
KeyCorp
Sherwin-Williams
Rock Gaming
Medical Mutual
Ernst & Young
4,810
3,430
2,080
1,800
1,170
Healthspan
Ohio Savings Bank
St. Vincent Medical Center
Huntington Bank
JPMorgan Chase
1,100
840
830
780
730
Business attraction and retention
In 2016, downtown business attraction and
retention efforts secured commitments from
more than 70 office tenants. Below are the
companies that made the largest office
commitments in 2016.
American Heart Association
BrightEdge
CapitalWorks
CoStar
Alexander Mann
HWH
Hyatt Legal Plan
Kelley & Ferraro
Maloney + Novotny
McDonald Hopkins
Morgan Stanley
OnShift
Plante Moran
Quicken Loans
Schneider Smeltz
Taft
TransDigm
Ziegler Metzger
Retention or expansion (920,000+ s.f.)
Attraction (180,000+ s.f.)
Employment by industry
Professional and business services
Hospitality, leisure and retail
Government
Construction, manufacturing and transportation
Downtown employment by industry
Information
Education and healthcare
Other
Downtown Cleveland has a thriving 21st
century economy with significant employment
in the business and technology industries.
36%
17%
17%
7%
7%
6%
10%
Business
IBM (Explorys)
New York Life
Siegfried Group
Downtown Cleveland

24. © JLL 2017 24
53%
17%
30%
Investment by project status
Investment activity surged during the past five
years, and the pipeline for additional
investment remains strong.
Completed (2012-16)
Under construction
Planned
$3.5B
$1.1B
$2.0B
64
22
22
Status Investment
# of
projects
Investment by funding type
While public funding has been instrumental in
kick starting a number of developments, private
funding has driven much of the investment
activity downtown.
67%
33%
Private investment dollars
Public investment dollars
$0.0
$0.7
$1.4
$2.1
Education,
infrastructure,
public use
Entertainment,
retail
Hotel Office Residential
Investment by property type
Residential development has received the largest
share of investment, driven by strong demand
and a tight apartment market.
28
projects
40
projects
19
projects
15
projects
24
projects
($B)
Investment
Downtown Cleveland

25. © JLL 2017 25
9 Ritz-Carlton Renovation
10 Standard Building Apartments
11 The Edge
12 The Garfield
13 The Milton
14 Whitlatch Building
15 Worthington Yards Apartments
1 H5/ByteGrid Data Center
2 Campus International School
3 Cleveland Athletic Club
4 College of Engineering
5 Federal Building Renovations
6 Global X Redevelopment
7 Lakefront Development
8 Residences at Leader
1 75 Public Square Apartments
2 925 Euclid Avenue
3 City Blue Apartments
4 Domain at Cleveland
5 Halle Residential Conversion
6 Jacobs Waterfront District
7 John Hartness Brown Building
8 May Company Building
9 nuCLEus
10 Old River Rd Redevelopment
11 Terminal Tower
12 The Beacon
13 The Q (Phase 2 Renovations)
14 Tower at Erieview Conversion
15 Weston Development
11 Public Square Renovation
12 Quicken Loans Expansion
13 Renaissance Renovation
14 Residences at 1717
15 Settler's Point
16 St Vincent Renovation
17 The Creswell
18 The Ivory
19 The Q (Phase 1 Renovations)
20 YMCA
1 Center for Medical Professions
2 Drury Plaza
3 First Energy Stadium Renovation
4 Flats East Bank (Phase 2)
5 Hilton
6 Innerbelt Bridge
7 Kimpton
8 Park/Southworth Buildings
9 Playhouse Square Streetscape
10 Progressive Field Renovations
Investment map
Significant projects under construction
Significant projects completed in 2015-16
Notable proposed projects
Completed in 2015-16 Under construction Proposed
Downtown Cleveland

26. © JLL 2017 26
Full circle: Columbus
An in-depth look at how residential demand, corporate
growth, and development activity sparked the
resurgence of downtown Columbus

27. © JLL 2017 27
New development is alluring residents
and businesses in Columbus
Investments from both the private and public sectors are transforming downtown Columbus. There
has been an influx of new mixed-use projects, and this type of development has emerged as the
trend of the future. Developers, motivated by an array of incentives and initiatives, are pursuing
projects that will cater to residential and corporate demand for improved urban connectivity. These
projects, ranging from the adaptation of older buildings for new office space to high-rise multifamily
developments, have created a buzz around downtown Columbus. This burgeoning neighborhood
is now attracting young professionals and corporations alike.
Downtown Columbus
27© JLL 2017

28. © JLL 2017 28
Downtown Columbus by the numbers
42%Percent Millennials
104,000Total employment
26Office tenants
2016 Business attraction and retention
152# of investment projects (2012-planned)
$3.5BTotal investment
52%Private investment
2.7Square miles
8,900Residential population
54%Population growth since 2000
28© JLL 2017

29. © JLL 2017 29
0
550,000
1,100,000
1,650,000
2,200,000
-
4,000
8,000
12,000
16,000
2000 2010 2017
Population growth
Downtown Columbus is growing at a rapid
pace alongside a surging, 11-county metro.
1.7M
1.9M
2.0M
5.7K
7.9K
8.9K
Demographics
13%
42%21%
18%
Millennials are flocking to downtown as
development and investment rise, bringing
along new business activity.
Generation Z (0-19)
Millennials (20-36)
Generation X (37-52)
Baby Boomers (53-71)
The Silent Generation (72+)
-
2,250
4,500
6,750
9,000
2000 2010 2017
Residential development
Rapid absorption of new multifamily units has
led to a strong pipeline, as developers seek to
accommodate surging demand.
4.0K
5.6K
7.1K
Downtown Columbus
People
Downtown population Metro population Downtown housing units
2017 downtown population by age

30. © JLL 2017 30
Downtown Columbus has a strong corporate
base and a thriving start-up scene. As the
state capitol, there is also a significant public
sector presence.
Largest employers
Several companies’ corporate headquarters
are located downtown due to the region’s
acclaimed business climate.
Nationwide
AEP
Huntington Banks
PNC Financial
Columbia Gas
10,990
2,500
1,200
1,000
960
State Auto Insurance
Columbus Dispatch
OhioHealth
AT&T
Motorists Insurance
850
800
600
570
550
Business attraction and retention
Class A demand has heavily influenced
Downtown business attraction and retention.
Below are companies that made commitments
to premier office space in 2016.
Abbott Laboratories
Homeside Financial
ODW Logistics
Office Evolution
Plaskolite
Accenture
Baker Hostetler
Cameron Mitchell
CoverMyMeds
Schneider
Downs
Crow Horwath
Lane Alton Hurst
Nationwide
Plante Moran
Weston Hurd
Retention or expansion Attraction
Employment by industry
Professional and business services
Hospitality, leisure and retail
Government
Construction, manufacturing and transportation
Downtown employment by industry
Information
Education and healthcare
Other
34%
26%
17%
9%
6%
5%
Business
Downtown Columbus

31. © JLL 2017 31
$0.0
$0.7
$1.4
Education,
infrastructure,
public use
Entertainment,
retail
Hotel Office Residential
($B)
36%
25%
39%
Investment by project status
Investment activity has been robust, with $2B
worth of projects either recently completed or
under construction. An additional $1.3B of
investment is in the pipeline.
Completed (2012-16)
Under construction
Planned
$1.2B
$858.0M
$1.4B
77
40
35
Status Investment
# of
projects
Investment by funding type
The public sector has made significant
investments in Columbus in recent years, and
those investments have been evenly matched
by the private sector.
52%
48%
Private investment dollars
Public investment dollars
Investment by property type
Roadway and streetscape projects make up the
bulk of public investment, while private
investment steers toward a booming multifamily
market incorporating a mix of uses.
28
projects
60
projects
28
projects
12
projects
46
projects
Investment
Downtown Columbus

32. © JLL 2017 32
9 Parks Edge Condominiums
10 Scioto Peninsula Park
11 The Jerome
12 The Nielston
13 Two25 Commons
14 White Castle Short North
15 White-Haines/Madison’s
1 85-111 N High
2 Citizens Building
3 Convention Center Upgrades
4 Hotel LeVeque Collection
5 Jeffrey Park Phase 4
6 Lifestyle Communities Trautman
7 Coleman Governmental Center
8 Ohio Veterans Memorial/Museum
1 457-459 N High
2 711 N High
3 AC Hotel
4 Bollinger Tower
5 Buttles and High
6 Canopy by Hilton
7 Grandview Mercantile
8 Lifestyle Communities Matan
9 Millennial Tower
10 North Market Redevelopment
11 Parks Edge Phase II
12 Sixth Street Mews
13 Swan Cleaners Redevelopment
14 The Brunner
15 W Nationwide Mixed-use
11 Main Library Renovation
12 Microliving @ 260 S Fourth
13 Museum of Art Addition
14 Scioto Greenway
15 The Julian
16 The Prescott
17 The Welsh
18 TriVillage Downtown Storage
19 Truberry on Summit
20 YWCA
1 250 S High
2 Atlas Apartments
3 Battery B
4 Bishop’s Walk II
5 Buggyworks Office Redevelopment
6 Foundrey at Jeffrey Park
7 Goodale Garage
8 Hall of Justice Renovation
9 Hawthorn Grove Apartments
10 Leveque Tower Renovation
Investment map
Significant projects under construction
Significant projects completed in 2015-16
Notable proposed projects
Completed in 2015-16 Under construction Proposed
Downtown Columbus

33. © JLL 2017 33
Full circle: Detroit
An in-depth look at how residential demand, corporate
growth, and development activity sparked the
resurgence of downtown Detroit

34. © JLL 2017 34
Detroit’s comeback continues
Detroit has recovered from bankruptcy to a state of economic
stability under the guidance of local civic leadership. The city’s
downtown core is thriving once again, and thousands of multifamily
units are either under construction or in the planning stages. Detroit
is rebranding itself as a hub of innovation and entrepreneurialism.
Startups are flocking here, attracted not only by lower rents and
costs, but also by a sense of freedom and individuality not present in
other large metropolitan areas. As businesses and residents return to
the downtown core, the community’s excitement is tangible.
Detroit is forging a new path into the future and is positioned to
experience sustainable, long-term
economic growth.
Downtown Detroit
34© JLL 2017

35. © JLL 2017 35
Downtown Detroit by the numbers
32%Percent Millennials
140,300Total employment
27Office tenants
2016 Business attraction and retention
116# of investment projects (2012-planned)
$6.6BTotal investment
77%Private investment
7.2Square miles
37,700Residential population
3.1%Population growth since 2000
35© JLL 2017

36. © JLL 2017 36
Downtown Detroit
0
2,500,000
5,000,000
-
20,000
40,000
60,000
2000 2010 2017
Population growth
The downtown population is expected to increase
rapidly in the coming years as new residential
inventory comes online.
4.5M
4.3M 4.3M
36.6K
32.9K
37.7K
Demographics
16%
32%
19%
25%
Millennials make up nearly a third of the
downtown population, a significant factor
driving business attraction and retention.
Generation Z (0-19)
Millennials (20-36)
Generation X (37-52)
Baby Boomers (53-71)
The Silent Generation (72+)
2017 downtown population by age
19,000
22,000
25,000
28,000
2000 2010 2017
Residential development
Downtown Detroit is seeing a boom in
multifamily construction, with an estimated
8,000 new units either under construction
or planned.
22.7K
24.1K
27.3K
People
Downtown population Metro population Downtown housing units

37. © JLL 2017 37
Largest employers
The largest private employers in downtown
Detroit span a broad range of industries,
illustrating the diversification of the region’s
economy.
14,000
9,100
8,700
7,600
7,400
Wayne State University
BCBSM
DTE Energy
MGM Grand Detroit
Ally Financial
5,800
5,700
3,900
2,400
1,100
Rock Ventures
Detroit Medical Center
Henry Ford Health
Ilitch Companies
General Motors
Business attraction and retention
Downtown Detroit continues to attract new
businesses and retain those already with a
presence. Below are the companies that made
the largest office commitments since the
beginning of 2016.
Ally Financial
Bamboo Detroit
Huron Capital Partners
LoVasco Consulting
Adient
Amazon
ASTI Environmental
Detroit Pistons
Fifth Third Bank
Gail & Rice
Healthy Living Medical Supply
International Bancard
Lear Corporation
MarxModa
Microsoft
Nolan Transport
Rocket Fiber
WeWork
Attraction
Retention or expansion
Employment by industry
Downtown Detroit has an evolving 21st
century economy with significant employment
in education, healthcare, business, and
technology.
28%
20%
17%
13%
12%
4% 6%
Government
Construction, manufacturing and transportation
Downtown employment by industry
Information
Other
Education and healthcare
Professional and business services
Hospitality, leisure and retail
Business
McKinsey & Co
Miller Canfield
Plante Moran
Downtown Detroit

38. © JLL 2017 38
19%
37%
44%
Investment by project status
With a healthy amount of activity seen in the
past five years, many projects are currently
underway, and a there is a robust pipeline
moving forward.
Completed (2012-16)
Under construction
Planned
$1.2B
$2.5B
$2.9B
43
40
33
Status Investment
# of
projects
Investment by funding type
Tax credits and incentives have been
instrumental in activating downtown
developments, however private investment
still outweighs public projects.
77%
23%
Private investment dollars
Public investment dollars
$0.0
$0.7
$1.4
$2.1
$2.8
Education,
infrastructure,
public use
Entertainment,
retail
Hotel Office Residential
Investment by property type
Residential development has received the largest
share of investment, driven by strong residential
demand and a tight apartment market.
11
projects
70
projects
28
projects
8
projects
8
projects
($B)
Investment
Downtown Detroit

39. © JLL 2017 39
14 Little Caesars Headquarters
15 QLine
16 Orleans Landing
17 The Corner
18 The Elliott Building
19 The Griswold
20 The Plaza
21 The Selden
22 Third and Grand
23 Vinton Building
24 Mike Ilitch School of Business
25 Wurlitzer Building
1 28 Grand
2 Baltimore Station
3 Book Tower
4 Capitol Park Building
5 City Modern
6 David Stott Building
7 DuCharme Place
8 Element Detroit
9 Farwell Building
10 Fisher Building
11 Foundation Hotel
12 Kahn Building
13 Little Caesars Arena
1 Bedrock Riverfront
2 Brewster Douglass
3 Broadway Street
4 Cass & York
5 Elton Park
6 Hudson’s Site
7 Marquette Building
8 Monroe Block
9 Paradise Valley
10 Proposed MLS Stadium
11 Russell Flats
12 Shinola Hotel
13 Statler City Apartments
14 The Free Press Building
15 The Vernor
16 The Woodward @ Midtown
6 The Ashley
7 The Scott at Brush Park
8 The Strathmore
9 Woodward Willis
1 Cobo Center Renovation
2 David Whitney Building
3 Detroit Savings Bank Building
4 G.A.R. Building
5 Globe Tobacco Building
Investment map
Significant projects under construction
Significant projects completed in 2015-16
Notable proposed projects
Completed in 2015-16 Under construction Proposed
Downtown Detroit

40. © JLL 2017 40
Full circle: Grand Rapids
An in-depth look at how residential demand, corporate
growth, and development activity sparked the resurgence
of downtown Grand Rapids

41. © JLL 2017 41
Grand Rapids is attracting
national attention
Grand Rapids is the fastest growing metropolitan area in
Michigan. The city is positioned as a regional leader for
healthcare advancement, higher education, and the brewing
industry. Dubbed “Beer City, USA” – Grand Rapids is home
to over 40 breweries. As people and businesses have
migrated into the Grand Rapids community, the downtown
core has experienced rapid growth in development and
activity. A wave of new construction is underway, as
developers seek to add thousands of new multifamily units -
condo and apartments - in the near future to meet the
demand of incoming residents. As Grand Rapids continues
to grow in terms of economy and population, the downtown
core will become the focal point of this delightful city.
Downtown Grand Rapids
41© JLL 2017

42. © JLL 2017 42
Downtown Grand Rapids by the numbers
39%Percent Millennials
48,000Total employment
17Office tenants
2016 Business attraction and retention
51# of investment projects (2012-planned)
$1.2BTotal investment
87%Private investment
2.7Square miles
14,000Residential population
27%Population growth since 2000
42© JLL 2017

43. © JLL 2017 43
Downtown Grand Rapids
Demographics
24%
39%
18%
15%
Nearly two thirds of the downtown
population is younger than 36, providing a
solid base for economic growth.
Generation Z (0-19)
Millennials (20-36)
Generation X (37-52)
Baby Boomers (53-71)
The Silent Generation (72+)
2017 downtown population by age
3,000
5,000
7,000
9,000
2000 2010 2017
Residential development
Apartment and condo numbers are on the rise in
the downtown area, as developers aim to vastly
increase residential options in the city center.
5.8K
6.8K
8.2K
700,000
900,000
1,100,000
10,000
12,500
15,000
2000 2010 2017
Population growth
Grand Rapids is the fastest growing region in
the state, and the downtown area is absorbing
a significant portion of this incoming population.
0.9M
1.0M
1.0M
11.1K
11.9K
14.0K
People
Downtown population Metro population Downtown housing units

44. © JLL 2017 44
Largest employers
Downtown Grand Rapids largest employers
are a diverse mix of public and private sector
industries.
Spectrum Health
Mercy Health
Fifth Third Bank
Kent County
City of Grand Rapids
22,000*
2,500
2,300
1,600
1,300
Amway Hotels
Huntington Bank
American Seating Company
Founders Brewing Company
Wells Fargo Bank
1,300
900
400
300
170
Business attraction and retention
Downtown Grand Rapids retained many key
tenants while also attracting other businesses
of note in 2016.
Greenleaf Trust
Honigman
Insight Global
JLL
Vision Real Estate Investment
Barfly Ventures
Independent Bank
JP Morgan Chase
McGarry Bair
McShane & Bowie
Miller Canfield
Modustri
Northern Trust
PNC
Regus
Robert Half
Spectrum Health
Retention or expansion
Attraction
Employment by industry
Professional and business services
Hospitality, leisure and retail
Government
Construction, manufacturing and transportation
Downtown employment by industry
Information
Education and healthcare
Other
Downtown Grand Rapids has a thriving 21st
century economy with significant employment
in the education and healthcare industries.
35%
18%
14%
12%
7%
4%
10%
Business
Downtown Grand Rapids
* Total regional employment

45. © JLL 2017 45
32%
27%
41%
Investment by project status
Investment has been steady over the
past five years, with a robust pipeline
continuing into 2017.
Completed (2012-16)
Under construction
Planned
$386.5M
$334.2M
$497.0M
26
12
13
Status Investment
# of
projects
Investment by funding type
Public funding has been instrumental in kick
starting a number of developments, however,
private funding has driven the majority of
investment activity downtown.
87%
13%
Private investment dollars
Public investment dollars
$0
$200
$400
$600
$800
Education,
infrastructure,
public use
Entertainment,
retail
Hotel Office Residential
Investment by property type
The majority of downtown development dollars
have gone into residential projects, driven by
the lack of inventory and growing demand.
5
projects
34
projects
13
projects3
projects
4
projects
($M)
Investment
Downtown Grand Rapids

46. © JLL 2017 46
7 Embassy Suites by Hilton
8 Gateway at Belknap
9 Market Ave Apartments
10 MSU Research Center
11 River’s Edge
12 Trowbridge Flats
1 123 Division
2 20 Fulton
3 250 Monroe
4 601 West
5 B.O.B. Venue Tower
6 Consumers Energy
Training Center
1 10 Ionia
2 363 State Street
3 50 Monroe
4 Bond Apartments
5 Clancy Lofts
6 Coit Square Condos
7 Firestone Lofts
8 Grand River Restoration
9 Grand View Place
10 GVSU Health Sciences
11 Meijer Development
12 Ottawa & Lyon
13 Studio C!
9 Founder’s Brewery Expansion
10 Fulton Place
11 Klingman Lofts
12 Morton
13 New Holland – Knickerbocker
14 The Rowe
15 Waters Center
1 25 Ottawa
2 300 Monroe
3 616 Lofts at 820 Monroe
4 616 Lofts on Alabama
5 7th Street Lofts
6 Arena Place
7 Barley Flats
8 Creston Plaza Apartments
Investment map
Significant projects under construction
Significant projects completed in 2015-16
Notable proposed projects
Completed in 2015-16 Under construction Proposed
Downtown Grand Rapids

47. © JLL 2017 47
Full circle: Louisville
An in-depth look at how residential demand, corporate
growth, and development activity sparked the
resurgence of downtown Louisville

48. © JLL 2017 48
Downtown Louisville
Louisville’s momentum rolls on
Over the last five years, downtown Louisville has experienced a historic transition
thanks to its investment in bourbon tourism, entertainment, and hospitality. This
transition has infused life into the urban core and created an attractive
environment for both young professionals and corporations alike. Residential
units downtown are being added at historic levels, and developers are working
vigorously to keep up with demand. As downtown Louisville continues to develop
into a true live-work-play destination, more investment will follow, as seen with the
$1.7 billion of development currently under construction.
48© JLL 2017

49. © JLL 2017 49
Downtown Louisville by the numbers
31%Percent Millennials
102,600Total employment
29Office tenants
2016 Business attraction and retention
78# of investment projects (2012-planned)
$2.6BTotal investment
51%Private investment
2.2Square miles
10,300Residential population
23%Population growth since 2000
49© JLL 2017

50. © JLL 2017 50
800,000
1,050,000
1,300,000
6,000
7,500
9,000
10,500
2000 2010 2017
Population growth
Downtown Louisville has seen steady population
growth reflecting the trend at the metro level.
1.1M
1.2M
1.3M
8.4K
9.8K
10.3K
Demographics
20%
31%23%
21%
Millennials make up nearly a third of the
downtown population, a significant factor
driving business attraction and retention.
Generation Z (0-19)
Millennials (20-36)
Generation X (37-52)
Baby Boomers (53-71)
The Silent Generation (72+)
2017 downtown population by age
1,000
4,000
7,000
2000 2010 2017
Residential development
Working to address an underserved residential
market, developers have added more than
1,400 residential units downtown since 2000.
4.6K
5.0K
6.0K
Downtown Louisville
People
Downtown population Metro population Downtown housing units

51. © JLL 2017 51
Largest employers
The largest private employers in downtown
Louisville span a broad range of industries,
illustrating the diversification of the region’s
economy.
Humana
Kentucky One Health
Kindred Healthcare
LG&E and KU Energy
PNC Bank
12,500
6,000
2,400
2,200
1,500
Al J. Schneider Company
Republic Bank & Trust
Mercer
ZirMed
JP Morgan Chase
1,000
700
600
500
500
Business attraction and retention
In 2016, downtown business attraction and
retention efforts secured commitments from
more than 29 office tenants. Below are the
companies that made the largest office
commitments in 2016.
El Toro
ISCO Industries
Oohology
Atria Senior Living
Blackstone Media
Computershare
Conifer Health Solutions
Fisher Phillips
Frost Brown Todd
iHealth
K. Norman Berry
Kentuckiana Works
Luckett & Farley
MedSynergies
Mightily
SGS International
Tachau Maddox Dickens
Retention or expansion (260,000+ s.f.)
Attraction (56,000+ s.f.)
Employment by industry
Education and healthcare
Professional and business services
Hospitality, leisure and retail
Government
Downtown employment by industry
Construction, manufacturing and transportation
Information
Other
Downtown Louisville has a thriving 21st
century economy with significant employment
in the business and technology industries.
39%
28%
10%
9%
5%
4% 5%
Business
Downtown Louisville

52. © JLL 2017 52
18%
66%
16%
Investment by project status
With greater than 80% of the development
pipeline under construction or planned,
downtown investment is expected to
continue its growth phase.
Completed (2012-16)
Under construction
Planned
$471.4M
$1.7B
$415.2M
48
14
16
Status Investment
# of
projects
Investment by funding type
Public investment in infrastructure,
entertainment, and public space has been
a catalyst for growth as private investors
flock to downtown Louisville.
51%49%
Private investment dollars
Public investment dollars
$0.0
$0.5
$1.0
$1.5
Education,
infrastructure,
public use
Entertainment,
retail
Hotel Office Residential
Investment by property type
Public investment in education, infrastructure,
and public use has accounted for the majority
while private investors address demand for
other property types.
21
projects
14
projects
10
projects
21
projects
12
projects
($B)
Investment
Downtown Louisville

53. © JLL 2017 53
9 Kindred Health Headquarters
10 Old Forester Distillery
11 Omni Louisville Hotel & Residences
12 Omni Louisville Hotel Garage
13 The 800 Tower City Apartments
14 UL Medical Research Building
15 UL Pediatric Health Care
16 Whiskey Row Streetscape
1 111 Whiskey Row
2 741-749 South Third
3 Canopy by Hilton Renovation
4 Home 2 Suites by Hilton
5 Homewood Suites
6 Ice House Lofts
7 Kennedy Interchange/Bridge
8 Kentucky Convention Center
1 565 S. Fourth Street
2 South Fourth Street Streetscape
3 700 East Main
4 811-819 W. Main
5 AC NuLu Hotel
6 Cambria Hotel & Suites
7 East Market/Nulu Streetscape
11 JCTC Building Courtyard
12 JCTC Theater
13 Jewish Hospital ER Expansion
14 Jim Beam Urban Still House
15 Kentucky Museum of Art Renovation
16 Kosair Hospital Renovation
17 Kurfees Self Storage
18 Downtown Marriott Renovation
19 St. Francis High School Expansion
20 Wayside Christian Mission Expansion
1 310 @ Nulu
2 Aloft Louisville Downtown
3 Angel’s Envy Distillery
4 Brown Hotel Renovation
5 Embassy Suites Renovation
6 Fincastle Building Renovation
7 Guthrie Street Reopening
8 Holiday Inn Express
9 Hyatt Regency Renovation
10 Nucleus Park Garage
8 Hosparus Unit Expansion
9 Hotel Indigo
10 Jefferson Educational Center
11 Michter’s Distillery
12 Nucleus Building 2
13 The Moxy/Westin Hotel
14 UL Instructional Building
Investment map
Significant projects under construction
Significant projects completed in 2015-16
Notable proposed projects
Completed in 2015-16 Under construction Proposed
Downtown Louisville

54. © JLL 2017 54
Full circle: Pittsburgh
An in-depth look at how residential demand, corporate
growth, and development activity sparked the
resurgence of downtown Pittsburgh

55. © JLL 2017 55
Pittsburgh’s resurgence
gains national attention
The economy in downtown Pittsburgh is gaining momentum,
driven by growth in multiple sectors. Companies like Uber
and Amazon are taking advantage of the highly technical
workforce Carnegie Mellon University and the University of
Pittsburgh continue to provide. While the engineering and
robotics industries continue to grow in Pittsburgh, the
announcement of Shell’s cracker plant in Beaver County has
inspired a new sense of optimism in the energy sector
across the entire region.
As Pittsburgh’s future potential is gaining more recognition,
the investments flowing into downtown are changing the
landscape. A number of buildings are currently being
redeveloped by outside investors, while several new
developments are close to breaking ground. The excitement
and energy around downtown is tangible and with over 4,000
residential units currently in the construction pipeline,
population is expected to grow in the coming years.
Downtown Pittsburgh
55© JLL 2017

56. © JLL 2017 56
Downtown Pittsburgh by the numbers
37%Percent Millennials
134,000Total employment
70Office tenants
2016 Business attraction and retention
111# of investment projects (2012-planned)
$4.3BTotal investment
87%Private investment
4.8Square miles
33,000Residential population
16.6%Population growth since 2000
56© JLL 2017

57. © JLL 2017 57
Downtown Pittsburgh
1,500,000
1,900,000
2,300,000
2,700,000
20,000
25,000
30,000
35,000
2000 2010 2017
Population growth
Current downtown population estimates show
a considerable increase since 2010 due to
substantial residential development.
2.4M
2.3M
2.7M
28.3K
27.4K
33.0K
Demographics
21%
37%
16%
4%
Generation Z and Millennials make up over
half of the population downtown, fueling
Pittsburgh’s new dynamic economy.
Generation Z (0-19)
Millennials (20-36)
Generation X (37-52)
Baby Boomers (53-71)
The Silent Generation (72+)
2017 downtown population by age
8,000
12,000
16,000
2000 2010 2017
Residential development
With an additional 4,000 apartment units
in the pipeline, the downtown residential
market is positioned for rapid growth.
10.8K
12.3K
15.8K
People
Downtown population Metro population Downtown housing units

58. © JLL 2017 58
Largest employers
The largest private employers in downtown
Pittsburgh span a broad range of industries,
illustrating the region’s diverse economy.
UPMC
HighmarkHealth
PNC Financial
BNY Mellon
US Steel
46,500
20,900
11,400
7,000
4,200
PPG
Alcoa
UnitedHealth Group
Rivers Casino
EDMC
2,300
1,700
1,600
1,500
1,500
Business attraction & retention
In 2016, urban demand remained strong as
nearly 70 office tenants made a commitment
downtown. Below are several of the largest
commitments.
Amazon
Brickstreet Insurance
Frost Brown Todd
Industrious
Ariba (SAP)
Carmeuse
Confluence
EDMC
Federated Investors
Highmark
Marshall Dennehey
Morgan Lewis
Peoples Natural Gas
Seubert & Associates
Tucker Arensberg
UnitedHealth Group
UPMC
US Steel
Retention or expansion (1,300,000+ s.f.)
Attraction (170,000+ s.f.)
Employment by industry
Professional and business services
Hospitality, leisure and retail
Government
Construction, manufacturing and transportation
Downtown employment by industry
Information
Education and healthcare
Other
Downtown Pittsburgh has a thriving 21st
century economy with significant employment
in the business and technology industries.
36%
23%
13%
9%
7%
10%
Business
Netflix
Oculus
Uber
Downtown Pittsburgh

59. © JLL 2017 59
23%
23%
54%
Investment by project status
Investment activity has surged over the last
five years and many large planned projects
have yet to begin construction.
Completed (2012-16)
Under construction
Planned
$1.0B
$1.0B
$2.3B
43
29
39
Status Investment
# of
projects
Investment by funding type
Private funding accounts for the majority
of investment spending over the past five
years, as outside investors have noticed
Pittsburgh’s diverse economic potential.
87%
13%
Private investment dollars
Public investment dollars
$0.0
$0.7
$1.4
$2.1
Education,
infrastructure,
public use
Entertainment,
retail
Hotel Office Residential
Investment by property type
Office projects have received the largest share
of investment dollars, driven by large private
developments.
37
projects
20
projects
36
projects
9
projects9
projects
($B)
Investment
Downtown Pittsburgh

60. © JLL 2017 60
7 Pitt Building Redevelopment
8 Pittsburgh Stadium Garage
9 Riverfront Landing Apartments
10 Pittsburgher Building
11 Town Place Development
1 3 Crossings: The Hub
2 Cambria Suites at PPG Arena
3 City-County Building Renovations
4 Heinz Lofts: Service Building
5 Nova Place Renovation
6 Penn Rose Redevelopment
1 20 Stanwix
2 3 Crossings: Riverfront West
3 319 Third Avenue
4 525 William Penn Renovations
5 Allegheny Building Improvements
6 Allegheny County Courthouse
7 Civic Arena Site
8 Continental Residential Project
9 Heinz Research Apartments
10 Macy’s Redevelopment
11 Northbank Hotel
12 One Oxford Redevelopment
13 Penn Avenue Plaza Restoration
14 Post Gazette Redevelopment
15 PPG Glass Warehouse
16 Produce Terminal Development
17 Rivers Casino Hotel
18 Steelworkers Building Renovation
19 The Highline
11 Monongahela Incline
12 Point Park Center for Media
13 PPG Ice Rink Expansion
14 ALCOA Building Conversion
15 The Tower at PNC Plaza
16 The Yards at 3 Crossings
17 JLL Center / Hilton Garden Inn
18 Union on 5th
19 Union Trust Improvements
20 Verizon Building Restoration
1 3 Crossings: 2501 Smallman
2 3 Crossings: 2555 Smallman
3 907/909 Penn Avenue
4 Allegheny Health Department HQ
5 Benedum Center Expansion
6 Clark Building
7 Embassy Suites & Oliver Building
8 Flats on Fifth
9 Homewood Suites
10 Liberty Center Improvements
Investment map
Significant projects under construction
Significant projects completed in 2015-16
Notable proposed projects
Completed in 2015-16 Under construction Proposed
Downtown Pittsburgh

61. © JLL 2017 61
For more information, please contact:
Ann Arbor, Detroit, Grand Rapids
Harrison West
Research Analyst
+1 248 581 3298
harrison.west@am.jll.com
Cincinnati
Abby Armbruster
Research Analyst
+1 513 252 2148
abby.armbruster@am.jll.com
Great Lakes region
Andrew Batson
Director, Research
+1 216 937 4374
andrew.batson@am.jll.com
Pittsburgh
Tobiah Bilski
Research Analyst, GIS
+1 412 208 1426
tobiah.bilski@am.jll.com
Columbus
Sam Stouffer
Research Analyst
+1 614 460 4419
sam.stouffer@am.jll.com
Cleveland
Noah Bill
Research Analyst
+1 216 937 4381
noah.bill@am.jll.com
www.jll.com/research
© 2017 Jones Lang LaSalle IP, Inc. All rights reserved.
Louisville
Ross Bratcher
Research Analyst
+1 513 719 3706
ross.bratcher@am.jll.com