An in-depth look at the Louisville industrial market. Analysis includes leasing, sales, construction, and employment.

1. Industrial
Outlook
An in-depth look at the
Louisville industrial market.
Analysis includes leasing,
sales, construction and
employment.
Louisville | Q2 2018
JLL Research

2. © 2017 Jones Lang LaSalle IP, Inc. All rights reserved. All information contained herein is from sources deemed reliable; however, no representation or warranty is made to the accuracy thereof.
Q2 2018
Insight
Louisville Industrial Outlook
After idling in the first quarter, development announcements accelerated in
the second quarter. Exeter announced plans to construct a 252,000-square-
foot facility on New Cut Road as they continue to invest in the Louisville
market. Pinehurst Properties announced a 150,000-square-foot building at
5494 Shepherdsville Road and Louisville-based Nicklies
Development announced plans for a 695,000-square-foot development and
a 329,000-square-foot distribution facility on Clay Road near the airport. It is
our expectation ground breaking will not occur on these projects until some
of the current vacancies are absorbed.
Occupancy numbers rose quarter-over-quarter for the first time since 2015
as the vacancy rate decreased by 5 basis points. GE announced plans to
occupy just over 305,000 square feet at 201 Paul Garrett Avenue as a
temporary inventory holding location. In Bullitt County, Saddle Creek
Logistics is set to occupy 200,000 square feet at 419 Park Loop Court. The
positive momentum is expected to continue as multi-city prospects remain
intrigued by the unique opportunity for immediate occupancy of large
blocks of space.
Investment activity continues to be slow as there is limited available
product. A California based trust purchased the 356,000-square-foot, Class A
facility at 7251 Logistics Drive from Panattoni that is currently occupied by
Hydra. On the occupier side, the Sazarec Company purchased the former
Pillsbury factory in Southern Indiana for conversion to a bottling facility.
Outlook
The Louisville industrial market has remained strong despite vacancy that
steadily increased over the previous two years. The past two quarters have
experienced increased demand for space 300,000 square feet and above.
Tenants in the market continue to show interest in the options available
within several submarket for immediate occupancy. Recent interest in
buildings larger than 500,000 square feet is generally high and could
dramatically impact vacancy if a few deals are secured.
Fundamentals Forecast
YTD net absorption 1,551,973 s.f. ▲
QTD net absorption 626,684 s.f. ▲
Under construction 4,495,157 s.f. ▼
Total vacancy 11.72 % ▼
Average asking rent (NNN) $3.84 p.s.f. ▲
Tenant improvements Falling ▼
0
4,000,000
8,000,000
2014 2015 2016 2017 2018
Supply and demand (s.f.) Net absorption
Deliveries
Vacancy decreases as several large blocks become occupied
6.6% 5.7%
8.7%
11.7% 11.7%
2014 2015 2016 2017 2018
Total vacancy
$3.20
$3.40
$3.60
$3.80
$4.00
2014 2015 2016 2017 2018
Average asking rents ($/s.f.)
© 2018 Jones Lang LaSalle IP, Inc. All rights reserved. All information contained herein is from sources deemed reliable; however, no representation or warranty is made to the accuracy thereof.
Top trends and activity
• GE announced plans to take over 305,000 square feet at 201 Paul Garrett
in River Ridge on a short term lease.
• Molto completed the 677,000-square-foot Air Commerce Centre III,
making it the second largest building currently available.
• The Sazarec Company purchased the former General Mills plan in New
Albany for use as a bottling facility.

3. © 2017 Jones Lang LaSalle IP, Inc. All rights reserved. All information contained herein is from sources deemed reliable; however, no representation or warranty is made to the accuracy thereof.
Inventory
(s.f.)
YTD
total net
absorption
(s.f.)
YTD
total net
absorption
(% of inventory)
Total
Vacancy (%)
Average
total asking
rent
($ p.s.f.)
YTD
completions
(s.f.)
Under
construction
(s.f.)
Airport 21,756,751 0 0.0% 9.7% $4.09 1,094,435 1,650,000
Bullitt County 13,412,013 516,044 3.8% 14.9% $3.74 546,000 1,020,000
East 5,372,451 344,000 6.4% 2.5% $4.15 120,000 319,040
Riverport 12,327,133 348,669 2.8% 12.2% $3.60 0 0
Southern Indiana 9,460,055 343,260 3.6% 16.5% $3.84 0 1,506,117
Louisville Totals 62,328,403 1,551,973 2.5% 11.7% $3.84 1,760,435 4,495,157
Analyzes all industrial buidings greater than 100,000 s.f. with a minimum clear height of 24'
1,014,608
1,750,850
2,234,648
1,934,181 2,059,001
2,742,889
3,029,702
3,843,783
2,568,298
1,551,973
0
1,000,000
2,000,000
3,000,000
4,000,000
5,000,000
2009 2010 2011 2012 2013 2014 2015 2016 2017 Q2 2018
Q2 2018
Statistics
Louisville Industrial Outlook
15.6%
12.2%
9.2%
8.3%
7.2%
6.6%
5.7% 8.7%
11.7% 11.7%
2.0%
5.0%
8.0%
11.0%
14.0%
17.0%
2009 2010 2011 2012 2013 2014 2015 2016 2017 Q2 2018
© 2018 Jones Lang LaSalle IP, Inc. All rights reserved. All information contained herein is from sources deemed reliable; however, no representation or warranty is made to the accuracy thereof.
Total Vacancy Rate %
Total Net Absorption

4. © 2017 Jones Lang LaSalle IP, Inc. All rights reserved. All information contained herein is from sources deemed reliable; however, no representation or warranty is made to the accuracy thereof.
$186,371,500
15
$64
6.0-6.5%
97.0%
3.0%
Top sales transactions last 12 months
Size (s.f.) $ p.s.f. Sale date
7251 Logistics Drive
Paul & Eleanor
Sade Trust
Panattoni 356,000 $66 May-18
5101 Jefferson Blvd
Office Star
Products*
The Schroering
Company
402,444 $63 Sep-17
6001 & 6201 Global
Distribution Way
Exeter Property
Group
Schmier 761,600 $61 Aug-17
1150 Patrol Road
Exeter Property
Group
Gray Industrial 200,000 $57 Nov-17
582,541 $55 Aug-17
380,000 $50 Mar-18
7101 Distribution
Drive
IPT Riverport DC,
LLC
Ann Taylor 256,000 $40 Oct-17
309,000 $29 Jan-18
$19,125,000Dixie Real PropertiesExeter Property Group
4325 Robards Lane & 3865-3899
Produce Road
$31,900,000
$11,400,000
SparrowhawkExeter Property Group
2201 Ampere Court, 11920 Carrier
Court, & 3904-3908 Produce Road
$10,250,000
*Purchased for owner-occupancy
6101 Cane Run Road MDH Partners Venture Two Holdings $9,000,000
Sales price $
Sales volume $ by submarket
$23,500,000
$25,346,500
$46,500,000
Building address Buyer company
Transactions details
Seller company
Average Class A sale price p.s.f.
12 month transaction volume at a glance
Total volume
Number of transactions
Average Class A cap rate
Sales activity by building type last 12 months
Warehouse/Dist. sales volume as % of
total
Manufacturing sales volume as % of
total
Top sellers (s.f.)Top buyers (s.f.)
$158,121,500
$4,750,000
0 s.f.
500,000 s.f.
1,000,000 s.f.
1,500,000 s.f.
2,000,000 s.f.
2,500,000 s.f.
3,000,000 s.f.
3,500,000 s.f.
$0
$50,000,000
$100,000,000
$150,000,000
$200,000,000
Warehouse / Distribution Manufacturing
Sum of Price ($) Sum of RBA (SF)
48%
11%
10%
9%
8%
7%
7%
Exeter Property Group Sazerac
Office Star Products Paul & Eleanor Sade Trust
MDH Partners Wen Lighting
IPT Riverport DC
21%
16%
12%
11%
10%
10%
8%
7%
5%
Schmier Sparrohawk
New Mill Capital Holdings The Schroering Company
Dixie Property Group Panattoni
Venture Two Holdings Ann Taylor
Gray Industrial
$117,771,500
$19,250,000
$16,150,000
$9,700,000
Airport
Riverport
Southern Indiana
East
Q2 2018
Sales
Louisville Industrial Outlook
This report analyzes all industrial sales > 75,000 s.f. year-to-date
© 2018 Jones Lang LaSalle IP, Inc. All rights reserved. All information contained herein is from sources deemed reliable; however, no representation or warranty is made to the accuracy thereof.
$186,371,500
15
$64
6.0-6.5%
97.0%
3.0%
Top sales transactions last 12 months
Size (s.f.) $ p.s.f. Sale date
7251 Logistics Drive
Paul & Eleanor
Sade Trust
Panattoni 356,000 $66 May-18
5101 Jefferson Blvd
Office Star
Products*
The Schroering
Company
402,444 $63 Sep-17
6001 & 6201 Global
Distribution Way
Exeter Property
Group
Schmier 761,600 $61 Aug-17
1150 Patrol Road
Exeter Property
Group
Gray Industrial 200,000 $57 Nov-17
582,541 $55 Aug-17
380,000 $50 Mar-18
7101 Distribution
Drive
IPT Riverport DC,
LLC
Ann Taylor 256,000 $40 Oct-17
309,000 $29 Jan-18
$19,125,000Dixie Real PropertiesExeter Property Group
4325 Robards Lane & 3865-3899
Produce Road
$31,900,000
$11,400,000
SparrowhawkExeter Property Group
2201 Ampere Court, 11920 Carrier
Court, & 3904-3908 Produce Road
$10,250,000
*Purchased for owner-occupancy
6101 Cane Run Road MDH Partners Venture Two Holdings $9,000,000
Sales price $
Sales volume $ by submarket
$23,500,000
$25,346,500
$46,500,000
Building address Buyer company
Transactions details
Seller company
Average Class A sale price p.s.f.
12 month transaction volume at a glance
Total volume
Number of transactions
Average Class A cap rate
Sales activity by building type last 12 months
Warehouse/Dist. sales volume as % of
total
Manufacturing sales volume as % of
total
Top sellers (s.f.)Top buyers (s.f.)
$158,121,500
$4,750,000
0 s.f.
500,000 s.f.
1,000,000 s.f.
1,500,000 s.f.
2,000,000 s.f.
2,500,000 s.f.
3,000,000 s.f.
3,500,000 s.f.
$0
$50,000,000
$100,000,000
$150,000,000
$200,000,000
Warehouse / Distribution Manufacturing
Sum of Price ($) Sum of RBA (SF)
48%
11%
10%
9%
8%
7%
7%
Exeter Property Group Sazerac
Office Star Products Paul & Eleanor Sade Trust
MDH Partners Wen Lighting
IPT Riverport DC
21%
16%
12%
11%
10%
10%
8%
7%
5%
Schmier Sparrohawk
New Mill Capital Holdings The Schroering Company
Dixie Property Group Panattoni
Venture Two Holdings Ann Taylor
Gray Industrial
$117,771,500
$19,250,000
$16,150,000
$9,700,000
Airport
Riverport
Southern Indiana
East
$186,371,500
15
$64
6.0-6.5%
97.0%
3.0%
Top sales transactions last 12 months
Size (s.f.) $ p.s.f. Sale date
7251 Logistics Drive
Paul & Eleanor
Sade Trust
Panattoni 356,000 $66 May-18
5101 Jefferson Blvd
Office Star
Products*
The Schroering
Company
402,444 $63 Sep-17
6001 & 6201 Global
Distribution Way
Exeter Property
Group
Schmier 761,600 $61 Aug-17
1150 Patrol Road
Exeter Property
Group
Gray Industrial 200,000 $57 Nov-17
582,541 $55 Aug-17
380,000 $50 Mar-18
7101 Distribution
Drive
IPT Riverport DC,
LLC
Ann Taylor 256,000 $40 Oct-17
$11,400,000
SparrowhawkExeter Property Group
2201 Ampere Court, 11920 Carrier
Court, & 3904-3908 Produce Road
$10,250,000
$19,125,000Dixie Real PropertiesExeter Property Group
4325 Robards Lane & 3865-3899
Produce Road
$31,900,000
Sales price $
Sales volume $ by submarket
$23,500,000
$25,346,500
$46,500,000
Building address Buyer company
Transactions details
Seller company
Average Class A sale price p.s.f.
12 month transaction volume at a glance
Total volume
Number of transactions
Average Class A cap rate
Sales activity by building type last 12 months
Warehouse/Dist. sales volume as % of
total
Manufacturing sales volume as % of
total
Top sellers (s.f.)Top buyers (s.f.)
$158,121,500
$4,750,000
0 s.f.
500,000 s.f.
1,000,000 s.f.
1,500,000 s.f.
2,000,000 s.f.
2,500,000 s.f.
3,000,000 s.f.
3,500,000 s.f.
$0
$50,000,000
$100,000,000
$150,000,000
$200,000,000
Warehouse / Distribution Manufacturing
Sum of Price ($) Sum of RBA (SF)
48%
11%
10%
9%
8%
7%
7%
Exeter Property Group Sazerac
Office Star Products Paul & Eleanor Sade Trust
MDH Partners Wen Lighting
IPT Riverport DC
21%
16%
12%
11%
10%
10%
8%
7%
5%
Schmier Sparrohawk
New Mill Capital Holdings The Schroering Company
Dixie Property Group Panattoni
Venture Two Holdings Ann Taylor
Gray Industrial
$117,771,500
$19,250,000
$16,150,000
$9,700,000
Airport
Riverport
Southern Indiana
East
$186,371,500
15
$64
6.0-6.5%
97.0%
3.0%
Top sales transactions last 12 months
Size (s.f.) $ p.s.f. Sale date
7251 Logistics Drive Paul & Eleanor Sade Trust Panattoni 356,000 $66 May-18
5101 Jefferson Blvd Office Star Products* The Schroering Company 402,444 $63 Sep-17
6001 & 6201 Global Distribution Way Exeter Property Group LJ Schmier 761,600 $61 Aug-17
1150 Patrol Road Gray Industrial 200,000 $57 Nov-17
582,541 $55 Aug-17
4325 Robards Lane &
3865-3899 Produce
380,000 $50 Mar-18
7101 Distribution
Drive
IPT Riverport DC Ann Taylor 256,000 $40 Oct-17
309,000 $29 Jan-18
$11,400,000
SparrowhawkExeter Property Group
2201 Ampere Court, 11920 Carrier
Court, & 3904-3908 Produce Road
$10,250,000
$19,125,000Dixie Real PropertiesExeter Property Group
$31,900,000
Exeter Property Group
*Purchased for owner-occupancy
6101 Cane Run Road MDH Partners Venture Two Holdings $9,000,000
Sales price $
Sales volume $ by submarket
$23,500,000
$25,346,500
$46,500,000
Building address Buyer company
Transactions details
Seller company
Average Class A sale price p.s.f.
12 month transaction volume at a glance
Total volume
Number of transactions
Average Class A cap rate
Sales activity by building type last 12 months
Warehouse/Dist. sales volume as % of
total
Manufacturing sales volume as % of
total
Top sellers (s.f.)Top buyers (s.f.)
$158,121,500
$4,750,000
0 s.f.
500,000 s.f.
1,000,000 s.f.
1,500,000 s.f.
2,000,000 s.f.
2,500,000 s.f.
3,000,000 s.f.
3,500,000 s.f.
$0
$50,000,000
$100,000,000
$150,000,000
$200,000,000
Warehouse / Distribution Manufacturing
Sum of Price ($) Sum of RBA (SF)
48%
11%
10%
9%
8%
7%
7%
Exeter Property Group Sazerac
Office Star Products Paul & Eleanor Sade Trust
MDH Partners Wen Lighting
IPT Riverport DC
21%
16%
12%
11%
10%
10%
8%
7%
5%
Schmier Sparrohawk
New Mill Capital Holdings The Schroering Company
Dixie Property Group Panattoni
Venture Two Holdings Ann Taylor
Gray Industrial
$117,771,500
$19,250,000
$16,150,000
$9,700,000
Airport
Riverport
Southern Indiana
East
$224,771,500
18
$64
6.0-6.5%
98.0%
2.0%
Top sales transactions last 12 months
Size (s.f.) $ p.s.f. Sale date
7251 Logistics Drive Paul & Eleanor Sade Trust Panattoni 356,000 $66 May-18
250 Hilton Drive GLP Van Trust 592,800 $65 Apr-18
5101 Jefferson Blvd Office Star Products* The Schroering Company 402,444 $63 Sep-17
6001 & 6201 Global Distribution Way Exeter Property Group LJ Schmier 761,600 $46,500,000 $61 Aug-17
1150 Patrol Road Exeter Property Group Gray Industrial 200,000 $11,400,000 $57 Nov-17
2201 Ampere Court,
11920 Carrier Court, &
Exeter Property Group Sparrowhawk 582,541 $31,900,000 $55 Aug-17
4325 Robards Lane &
3865-3899 Produce
Exeter Property Group
Dixie Real
Properties
380,000 $19,125,000 $50 Mar-18
7101 Distribution
Drive
IPT Riverport DC Ann Taylor 256,000 $10,250,000 $40 Oct-17
Top sellers (s.f.)Top buyers (s.f.)
Average Class A sale price p.s.f.
12 month transaction volume at a glance
Total volume
Number of transactions
Average Class A cap rate
Sales activity by building type last 12 months
Warehouse/Dist. sales volume as % of
total
Manufacturing sales volume as % of
total
Building address Buyer company
Transactions details
Seller company Sales price $
Sales volume $ by submarket
$23,500,000
$38,400,000
$25,346,500
*Purchased for owner-occupancy
$220,021,500
$4,750,000
0 s.f.
500,000 s.f.
1,000,000 s.f.
1,500,000 s.f.
2,000,000 s.f.
2,500,000 s.f.
3,000,000 s.f.
3,500,000 s.f.
4,000,000 s.f.
4,500,000 s.f.
$0
$50,000,000
$100,000,000
$150,000,000
$200,000,000
$250,000,000
Warehouse / Distribution Manufacturing
Sum of Price ($) Sum of RBA (SF)
42%
13%
10%
9%
8%
7%
6%
5%
Exeter Property Group GLP
Sazerac Office Star Products
Paul & Eleanor Sade Trust MDH Partners
Wen Lighting IPT Riverport DC
18%
14%
14%
11%
9%
9%
8%
7%
6%
5%
Schmier Van Trust
Sparrohawk New Mill Capital Holdings
The Schroering Company Dixie Property Group
Panattoni Venture Two Holdings
Ann Taylor Gray Industrial
$117,771,500
$54,550,000
$42,750,000
$9,700,000
Airport
Southern Indiana
Riverport
East

5. © 2017 Jones Lang LaSalle IP, Inc. All rights reserved. All information contained herein is from sources deemed reliable; however, no representation or warranty is made to the accuracy thereof.
Total leased at delivery (%) 11.8%
Total speculative at delivery (s.f.) 3,911,190
Total BTS at delivery (s.f.) -
Total owner-user at delivery (s.f.) -
Total # of properties delivered 10
Asking rental rate (low - high) $3.75 - $5.35
Largest projects delivered past 12 months
Building RBA (s.f.) Delivery date
Leased at
delivery (%)
Velocity 65 Bldg 1 721,050 Q4 2017 0%
Aiport Commerce Center III 677,685 Q2 2018 0%
857 Park Loop 546,000 Q1 2018 58%
New Cut Center Bldg 1 452,745 Q3 2017 0%
LIC Building W 416,750 Q1 2018 0%
Kelley Minor Lane 324,730 Q4 2017 0%
Total pre-leased (%) 0.0%
Total speculative under construction (s.f.) 2,445,157
Total BTS under construction (s.f.) -
Total Owner-user under construction (s.f.) 2,050,000
Total # of properties UC 10
Asking rental rate (low - high) $3.90 - $4.35
Largest projects currently under construction
Building RBA (s.f.) Delivery date Pre-leased (%)
Medline Distribution Center 750,000 Q2 2019 100%
Salt River Business Park 572,000 Q4 2018 0%
Exeter River Ridge 506,117 Q3 2018 0%
Skyway 350 350,000 Q3 2018 0%
Gray River Ridge 250,000 Q4 2018 0%Speculative
Speculative
Owner Construction type
Speculative
Gray
The Schroering Co.
Exeter Property Group
Crossdock Dev.
Medline
Speculative
Owner-user
Southern Indiana
Airport
Southern Indiana
Bullitt County
Southern Indiana
Construction typeOwnerSubmarket
Airport
Airport
Bullitt County
Airport
Bullitt County
Clarion Partners
Main Street Realty
Dermody
Molto
Browning
Speculative
Speculative
New and historical deliveries
Completions in-depth
3,911,190
Total delivered past 12 months (s.f.)
Speculative
Speculative
Speculative
Submarket
Under construction
4,495,157
Under construction (s.f.)
Under construction in-depth
Upcoming deliveries by year (s.f., excludes YTD completions)
Airport Kelley Speculative
0
1,000,000
2,000,000
3,000,000
4,000,000
5,000,000
6,000,000
7,000,000
2011 2012 2013 2014 2015 2016 2017 2018
0
500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
3,500,000
4,000,000
2018 2019
Owner-user Speculative
Q2 2018
Construction
Louisville Industrial Outlook
This report analyzes all industrial developments under construction & new deliveries > 100,000 s.f.
© 2018 Jones Lang LaSalle IP, Inc. All rights reserved. All information contained herein is from sources deemed reliable; however, no representation or warranty is made to the accuracy thereof.

6. © 2017 Jones Lang LaSalle IP, Inc. All rights reserved. All information contained herein is from sources deemed reliable; however, no representation or warranty is made to the accuracy thereof.
Q2 2018
Construction
Louisville Industrial Outlook
1
Location: Skyway 350
Square feet: 350,000
Tenant(s): None
Landlord: Summit
1
2
Address: 101 Lewman Way
Square feet: 250,000
Tenant(s): None
Landlord: Gray
2
3
Location: Air Commerce
Phase III
Square feet: 677,686
Tenant(s): None
Landlord: Molto
3
4
Address: 300 Hilton Drive
Square feet: 506,177
Tenant(s): None
Landlord: Exeter
4
© 2018 Jones Lang LaSalle IP, Inc. All rights reserved. All information contained herein is from sources deemed reliable; however, no representation or warranty is made to the accuracy thereof.

7. © 2017 Jones Lang LaSalle IP, Inc. All rights reserved. All information contained herein is from sources deemed reliable; however, no representation or warranty is made to the accuracy thereof.
23%
14%
13%12%
11%
11%
7%
Trade, Transportation & Utilities
Educational & Health Services
Professional & Business Services
Manufacturing
Government
Leisure & Hospitality
Financial Activities
Mining, Logging & Construction
Other Services
Information
Q2 2018
Employment
Louisville Industrial Outlook
3.8%U.S. unemployment
1.7%U.S. 12-month job growth
3.4%Louisville unemployment
0.2%Louisville 12-month job growth
4.1%Kentucky unemployment
0.8%Kentucky 12-month job growth
-1.0%
-0.3%
0.4%
1.1%
1.8%
2.5%
3.2%
3.9%
2014 2015 2016 2017 2018
Louisville U.S.
-3.0
2.0
7.0
12.0
17.0
22.0
2014 2015 2016 2017 2018
Trade, Transportation & Utilities Manufacturing
Other Services Mining Logging & Construction
0%
4%
8%
12%
400,000
500,000
600,000
700,000
800,000
2014 2015 2016 2017 2018
Employment Unemployment
Employment vs. unemployment rate
Employment by industry
Job growth (12-month change)
-2,000
-1,700
-1,300
-800
200
200
800
1,600
3,000
4,900
-5,000 -3,000 -1,000 1,000 3,000 5,000
Manufacturing
Mining, Logging & Construction
Educational & Health Services
Government
Information
Leisure & Hospitality
Financial Activities
Other Services
Trade, Transportation & Utilities
Professional & Business…
Job growth*
Historical employment Job growth by sector*
Employment by industry Industrial employment*
* Represents 12-month change in employment. All charts represent the latest economic data available from the Bureau of Labor Statistics as of June 2018.
© 2018 Jones Lang LaSalle IP, Inc. All rights reserved. All information contained herein is from sources deemed reliable; however, no representation or warranty is made to the accuracy thereof.

8. Andrew Batson
Vice President, Director of Research
+1 216 937 4374
andrew.batson@am.jll.com
Alex Westcott
Research Analyst
+1 502 394 2504
alex.westcott@am.jll.com
About JLL
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specializes in real estate and investment management. A Fortune
500 company, JLL helps real estate owners, occupiers and
investors achieve their business ambitions. In 2017, JLL had
revenue of $7.9 billion and fee revenue of $6.7 billion; managed
4.6 billion square feet; and completed investment sales,
acquisitions and finance transactions of approximately $170
billion. At the end of 2017, JLL had nearly 300 corporate offices,
operations in over 80 countries and a global workforce of 82,000.
As of December 31, 2017, LaSalle had $58.1 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.
About JLL Research
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