Though vacancy remained unchanged at 15.6 percent in Q1, as the year continues we expect it to drop below 15 percent for the first time in a decade. Corporate growth is driving expansionary activity, and tenants are thus faced with increasingly challenging market conditions. Currently more than one-third of all markets are favorable to landlords, and that’s expected to increase to three-quarters. With this leverage, landlords will continue driving rents upward, potentially surpassing a 5.0-percent increase by year end.
Learn more and see market-by-market data at http://bit.ly/1Cfucrv
U.S. Office market statistics, trends and outlook: Q3 2015JLL
The economy is growing and employers across industries are adding jobs, especially in urban and dense markets. As a result, expansionary activity remained the dominant office leasing driver in Q3 2015.
This growth has left primary markets challenged by supply constraints, creating a competitive environment for tenants. Secondary and tertiary markets like Charlotte, Phoenix, Portland and Salt Lake City are now benefitting from economic expansion and investment activity.
Learn more about what’s happening—and what we expect to occur in the coming months—in the U.S. office markets.
U.S. office market statistics (Q4 2014) and 2015 outlook JLL
Now at its strongest point in the recovery, the economy grew by nearly 3.0 million jobs in 2014, pushing unemployment to its lowest level since the third quarter of 2008. As a result, markets across the country recorded expansionary activity as corporate confidence grew along with demand for office space. Annual net absorption totaled 54.7 million square feet driving vacancy to 15.6 percent—its lowest point since 2008—a trend expected to continue over the next 24 months.
While challenges exist ahead, including historically low labor force participation and the recent fall in oil prices, forecasts for 2015 and 2016 across the U.S. project the highest growth in more than a decade.
Learn more and see market-by-market data at http://bit.ly/1yy1zss
U.S. office sector posts lowest vacancy rate of the recovery
In the third quarter of 2014, nearly 15.7 million square feet of office space was absorbed, and through the first nine months of 2014, occupancy levels jumped by 38 million square feet (44.0 percent).
Not only is growth escalating, but it is dispersing. Ninety percent of markets displayed increased occupancy levels compared to year-end 2013 levels and 88.0 percent of markets posted quarterly occupancy gains for the second quarter in a row.
Click through for an overview, then get your free copy of our complete report on the state of the U.S. office market, and expectations for the rest of 2014, at http://bit.ly/1pLKEtk
U.S. law firm revenues are up, but so are office rents.JLL
U.S. law firm revenues are up, but so are CBD Class A rental rates.
And in some locations, rents are way up. Is there relief in sight?
Learn more about current law firm trends, and how they’re impacting real estate decisions: http://bit.ly/1jS1QAU
U.S. office market trends and outlook (Q1 2016) JLL
Outlooks leading into the new year called for further expansion across U.S. office markets. However, stock market tumbles driven by a weakening China and depleted oil prices shifted sentiment from that of a growth perspective to one of increased caution. Despite this, economic and real estate fundamentals remain primarily landlord-favorable through the remainder of 2016.
Learn more, and see market-by-market comparisons, at http://bit.ly/1qrZZGm
With the economy growing at its fastest pace in the current cycle, employers across industries are adding jobs, especially in urban and dense markets where talent is migrating. As a result, expansionary activity remained the dominant driver of leasing in the third quarter, accounting for 57.9 percent of lease transactions.
U.S. Office market statistics, trends and outlook: Q3 2015JLL
The economy is growing and employers across industries are adding jobs, especially in urban and dense markets. As a result, expansionary activity remained the dominant office leasing driver in Q3 2015.
This growth has left primary markets challenged by supply constraints, creating a competitive environment for tenants. Secondary and tertiary markets like Charlotte, Phoenix, Portland and Salt Lake City are now benefitting from economic expansion and investment activity.
Learn more about what’s happening—and what we expect to occur in the coming months—in the U.S. office markets.
U.S. office market statistics (Q4 2014) and 2015 outlook JLL
Now at its strongest point in the recovery, the economy grew by nearly 3.0 million jobs in 2014, pushing unemployment to its lowest level since the third quarter of 2008. As a result, markets across the country recorded expansionary activity as corporate confidence grew along with demand for office space. Annual net absorption totaled 54.7 million square feet driving vacancy to 15.6 percent—its lowest point since 2008—a trend expected to continue over the next 24 months.
While challenges exist ahead, including historically low labor force participation and the recent fall in oil prices, forecasts for 2015 and 2016 across the U.S. project the highest growth in more than a decade.
Learn more and see market-by-market data at http://bit.ly/1yy1zss
U.S. office sector posts lowest vacancy rate of the recovery
In the third quarter of 2014, nearly 15.7 million square feet of office space was absorbed, and through the first nine months of 2014, occupancy levels jumped by 38 million square feet (44.0 percent).
Not only is growth escalating, but it is dispersing. Ninety percent of markets displayed increased occupancy levels compared to year-end 2013 levels and 88.0 percent of markets posted quarterly occupancy gains for the second quarter in a row.
Click through for an overview, then get your free copy of our complete report on the state of the U.S. office market, and expectations for the rest of 2014, at http://bit.ly/1pLKEtk
U.S. law firm revenues are up, but so are office rents.JLL
U.S. law firm revenues are up, but so are CBD Class A rental rates.
And in some locations, rents are way up. Is there relief in sight?
Learn more about current law firm trends, and how they’re impacting real estate decisions: http://bit.ly/1jS1QAU
U.S. office market trends and outlook (Q1 2016) JLL
Outlooks leading into the new year called for further expansion across U.S. office markets. However, stock market tumbles driven by a weakening China and depleted oil prices shifted sentiment from that of a growth perspective to one of increased caution. Despite this, economic and real estate fundamentals remain primarily landlord-favorable through the remainder of 2016.
Learn more, and see market-by-market comparisons, at http://bit.ly/1qrZZGm
With the economy growing at its fastest pace in the current cycle, employers across industries are adding jobs, especially in urban and dense markets where talent is migrating. As a result, expansionary activity remained the dominant driver of leasing in the third quarter, accounting for 57.9 percent of lease transactions.
U.S. Office market statistics, trends and outlook: Q2 2015 JLL
After a slow first quarter, office market fundamentals made a significant rebound at the close of Q2, undermining suggestions that both economic and office-market growth were slowing. As activity returns—and in many markets, intensifies—much needed supply will offer new opportunities to carry us into latter half of the decade.
Since the start of the year, rents have increased by 2.5%, with some in-demand markets increasing up to 5%. If market momentum continues as we anticipate, rents could reach a 5-7% annual growth rate by year end.
February 2016 U.S. employment update and outlook JLL
The labor market recorded a soft opening to 2016, adding only 151,000 new jobs, although unemployment fell below 5.0 percent for the first time since 2008.
U.S. employment showed a healthy return to growth in February with 242,000 net new jobs. Unemployment remained at 4.9 percent, but total unemployment dropped to just 9.7 percent—the lowest rate since before the recession.
Top tech cities: Exploring demand, leasing growth, VC funding and more JLL
See what’s going on in America’s top tech markets, and some key trends we’re seeing nationwide. In this presentation, we explore tech leasing growth, tech company demand in key markets and submarkets (and its impact on office rental rates), where to find the best opportunity for VC funding and more.
Visit http://bit.ly/1Sg3RSN for more on what’s happening in today’s tech markets nationwide.
Five up and coming real estate markets for 2016JLL
Demand for office space is rising in five up and coming real estate markets, where costs are affordable and talent is strong. See more at http://bit.ly/1RJlmOU
At year-end 2013, commercial real estate in the office sector saw increased leasing activity, and vacancy dipped to its lowest point since 2007. We enter 2014 with landlord-favorable conditions across the United States, making lease negotiations tighter for tenants. In addition, a lack of new development options stacks more cards in landlord hands, expectedly through mid-2015 at the least.
See more on the state of the U.S. office market, and expectations for 2014, at http://bit.ly/1bz4ukw
Market momentum defined the first quarter of 2014 as fundamentals across geographies tightened, driving occupancy, rents and construction upward. Conditions remain favorable to landlords in the majority of U.S. markets, with tenants having far less leverage particularly across urbanized, core markets in Trophy and Class A space.
Get your free copy of our complete report on the state of the U.S. office market, and expectations for the rest of 2014, at http://bit.ly/1kHMVnU
Vacancy at the top of the market is slowly moving upward, although levels remain below historic norms. New supply and givebacks upon relocation due to efficiency have begun to and will continue to result in rising vacancy.
The ISG Index™ provides a quarterly review of the state of the Global IT Services Market, covering both the traditional sourcing market and the fast-growing as-a-service (Infrastructure-as-a-Service and Software-as-a-Service) market. We cover data and trends for clients, service providers, analysts and the media. For more than a decade, it has been the authoritative source for marketplace intelligence related to outsourcing transaction structures and terms, industry adoption, geographic prevalence and service provider performance.
JLL Detroit Industrial Insight & Statistics - Q2 2016Aaron Moore
The automotive industry is not going anywhere. Although it is in the midst of a disruption, the advancements are a win-win for all. The Big Three are generally experiencing steady growth trends in line with improving consumer sentiment and economic gains.
The South African new car market is bucking the economic trend with sales increasing by 4.1% to 163 092 units during the first three months of 2013 when compared to the same period last year. This is despite tough economic conditions, with the South African Reserve Bank expecting GDP to grow by only 2.7% during 2013.
http://3d-car-shows.com/2013/standard-bank-multi-faceted-consumer-car-market-bucks-economic-trend/
The ISG Index™ provides a quarterly review of the latest sourcing industry data and trends for clients, service providers, analysts and the media. For more than a decade, it has been the authoritative source for marketplace intelligence related to outsourcing transaction structures and terms, industry adoption, geographic prevalence and service provider performance.
The U.S. office sector posted the highest quarterly absorption of the recovery to date, 13.9 million square feet. Q2 also posted 61.9 million square feet of leasing activity, with levels up 6.2 percent from Q1. Vacancy dropped by 30 basis points to a recovery low of 16.3 percent. Asking rents declined by 0.7 percent to $30.00 per square foot, but that number is deceiving as blocks of Class A space have been taken off the market.
Overall, the leasing environment continues to favor landlords, putting tenants in tough negotiation positions.
Get your free copy of our complete report on the state of the U.S. office market, and expectations for the rest of 2014, at http://bit.ly/1qc52ot
U.S. Office market statistics, trends and outlook: Q2 2015 JLL
After a slow first quarter, office market fundamentals made a significant rebound at the close of Q2, undermining suggestions that both economic and office-market growth were slowing. As activity returns—and in many markets, intensifies—much needed supply will offer new opportunities to carry us into latter half of the decade.
Since the start of the year, rents have increased by 2.5%, with some in-demand markets increasing up to 5%. If market momentum continues as we anticipate, rents could reach a 5-7% annual growth rate by year end.
February 2016 U.S. employment update and outlook JLL
The labor market recorded a soft opening to 2016, adding only 151,000 new jobs, although unemployment fell below 5.0 percent for the first time since 2008.
U.S. employment showed a healthy return to growth in February with 242,000 net new jobs. Unemployment remained at 4.9 percent, but total unemployment dropped to just 9.7 percent—the lowest rate since before the recession.
Top tech cities: Exploring demand, leasing growth, VC funding and more JLL
See what’s going on in America’s top tech markets, and some key trends we’re seeing nationwide. In this presentation, we explore tech leasing growth, tech company demand in key markets and submarkets (and its impact on office rental rates), where to find the best opportunity for VC funding and more.
Visit http://bit.ly/1Sg3RSN for more on what’s happening in today’s tech markets nationwide.
Five up and coming real estate markets for 2016JLL
Demand for office space is rising in five up and coming real estate markets, where costs are affordable and talent is strong. See more at http://bit.ly/1RJlmOU
At year-end 2013, commercial real estate in the office sector saw increased leasing activity, and vacancy dipped to its lowest point since 2007. We enter 2014 with landlord-favorable conditions across the United States, making lease negotiations tighter for tenants. In addition, a lack of new development options stacks more cards in landlord hands, expectedly through mid-2015 at the least.
See more on the state of the U.S. office market, and expectations for 2014, at http://bit.ly/1bz4ukw
Market momentum defined the first quarter of 2014 as fundamentals across geographies tightened, driving occupancy, rents and construction upward. Conditions remain favorable to landlords in the majority of U.S. markets, with tenants having far less leverage particularly across urbanized, core markets in Trophy and Class A space.
Get your free copy of our complete report on the state of the U.S. office market, and expectations for the rest of 2014, at http://bit.ly/1kHMVnU
Vacancy at the top of the market is slowly moving upward, although levels remain below historic norms. New supply and givebacks upon relocation due to efficiency have begun to and will continue to result in rising vacancy.
The ISG Index™ provides a quarterly review of the state of the Global IT Services Market, covering both the traditional sourcing market and the fast-growing as-a-service (Infrastructure-as-a-Service and Software-as-a-Service) market. We cover data and trends for clients, service providers, analysts and the media. For more than a decade, it has been the authoritative source for marketplace intelligence related to outsourcing transaction structures and terms, industry adoption, geographic prevalence and service provider performance.
JLL Detroit Industrial Insight & Statistics - Q2 2016Aaron Moore
The automotive industry is not going anywhere. Although it is in the midst of a disruption, the advancements are a win-win for all. The Big Three are generally experiencing steady growth trends in line with improving consumer sentiment and economic gains.
The South African new car market is bucking the economic trend with sales increasing by 4.1% to 163 092 units during the first three months of 2013 when compared to the same period last year. This is despite tough economic conditions, with the South African Reserve Bank expecting GDP to grow by only 2.7% during 2013.
http://3d-car-shows.com/2013/standard-bank-multi-faceted-consumer-car-market-bucks-economic-trend/
The ISG Index™ provides a quarterly review of the latest sourcing industry data and trends for clients, service providers, analysts and the media. For more than a decade, it has been the authoritative source for marketplace intelligence related to outsourcing transaction structures and terms, industry adoption, geographic prevalence and service provider performance.
The U.S. office sector posted the highest quarterly absorption of the recovery to date, 13.9 million square feet. Q2 also posted 61.9 million square feet of leasing activity, with levels up 6.2 percent from Q1. Vacancy dropped by 30 basis points to a recovery low of 16.3 percent. Asking rents declined by 0.7 percent to $30.00 per square foot, but that number is deceiving as blocks of Class A space have been taken off the market.
Overall, the leasing environment continues to favor landlords, putting tenants in tough negotiation positions.
Get your free copy of our complete report on the state of the U.S. office market, and expectations for the rest of 2014, at http://bit.ly/1qc52ot
Q2 2015 Washington, DC office sector reportHeidi Learner
The quarterly Savills Studley Report is an in-depth compilation of office leasing statistics and trends, major transactions, submarket comparisons, employment trends, and investment and development trends specific to 18 major US markets.
JLL Louisville Industrial Outlook - Q4 2016Ross Bratcher
New construction, tenant demand keep rates at high levels. Employment challenges meet creative solutions, new political landscape. Leasing velocity remains true to historic size segments in 2016.
The annual rate of growth in housing credit has started to stall over recent months and with the banks tightening their lending criteria where will it go from here?
Washington, DC Office Sector Report (Q2 2016)Savills Studley
Renewals and early restructures dominated the leasing landscape during the second quarter and tenants continued to return space to the market. These factors have translated into myriad opportunities for tenants to restructure existing leases or lock in generous concessions to relocate to space that better fits their culture and way of working.
Washington, DC Office Sector Report (Q3 2016)Savills Studley
Office fundamentals in the region have remained soft throughout 2016 resulting in a leasing landscape that is extremely favorable to tenants. The on-going tendency for tenants to rightsize and consolidate, rather than expand, has contributed to the elevated availability. Tenants remain firmly in the driver’s seat as they have no shortage of space options from which to choose and concession values remain at record-high levels.
Jll commercial real estate market report toronto 2014Chris Fyvie
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September 2018 U.S. employment update and outlookJLL
With 201,000 net new jobs, August 2018 rebounded after a slower July 2018, aided by growth in a variety of sectors, most notably a resurgence in transportation, warehousing and wholesale trade.
July saw the labor market add 157,000 net new jobs, slower than growth in recent months but still positive and healthy overall. A 13,000-job contraction in government employment, combined with a 5,000 financial activities jobs lost in net terms, were partially responsible for this slowdown. At the same time, sustained talent shortages across markets continue to keep growth more volatile than normal.
With 213,000 net new jobs added in June, the labor market’s expansion now totals 92 consecutive month, placing it among the longest periods of post-war expansion.
Remarkably, gains have been found largely across industries, although retail trade posted contraction of 21,600 jobs after showing signs of recovery earlier in the year.
A slight boost to the participation rate pushed unemployment up 20 basis points to 4.0 percent, however.
May’s 223,000 net new jobs represented the 91st consecutive month of growth, further extending an already unprecedented expansionary cycle. Since early 2017, the change in employment compared to the previous cycle has been higher than growth in the civilian labor force, leading to rapid declines in unemployment, which now stands at just 3.8%. With the economy showing no meaningful signs of slowdown and inflation rising under the pressure of sustained output growth, the Federal Reserve is on track to continue its program of tightening over the coming quarters.
With 164,000 net new jobs, employment growth in April 2018 maintained the year's solid pace. Growth was spread across industries, although professional services emerged as a clear leader during the month, accounting for roughly one-third of all gains.
A slight drop to the civilian labor force spread to both employment and unemployment figures, driving down unemployment to a new low of 3.9 percent.
Debt funds are increasingly competing with traditional lenders like banks and life companies when it comes to placing debt in commercial real estate deals. But just how prevalent are these relative newcomers? Take a look at the SlideShare to see how debt funds are claiming their slice of the lending pie.
JLL Retail Research looks at coming closures, the impact of e-commerce on brick and mortar stores, how the store experience is changing and which retailers are actually expanding operations despite the current climate (as of March 2018).
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.
February 2018 U.S. employment update and outlookJLL
January 2018 saw 200,000 net new jobs created, with unemployment once again stable at 4.1 percent. Job growth continues in line with expansion of the broader labor force, even as slack diminishes.
January 2018 U.S. employment update and outlookJLL
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.
December 2017 U.S. employment update and outlookJLL
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.
November 2017 U.S. employment update and outlookJLL
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.
The London leasing market has so far remained resilient to slower economic growth. Q3 take-up hit 3.3 million sq ft, bringing the year to date total to 8.1 million sq ft, 18% up on the 2016 total to end Q3, and comfortably ahead of long-term average levels. The rise of flexible offices has been a key feature, accounting for 17% of take-up in 2017.
Three years from the start of the oil slump, employment and commercial real estate fundamentals are finally showing incremental improvement across North America’s energy markets. Examine the key themes in today’s industry and explores challenges and opportunities in seven energy-centric cities across the U.S. and Canada.
JLL Retail: Store closure summary, October 2017 JLL
JLL Retail Research looks at coming closures, the impact of e-commerce on brick and mortar stores, how the store experience is changing and which retailers are actually expanding operations despite the current climate (as of October 2017).
October 2017 U.S. employment update and outlookJLL
After more than 80 consecutive months of growth, the U.S. labor market saw its first contraction, losing 33,000 jobs in net terms, largely a result of Hurricanes Harvey and Irma. The overwhelming majority of losses were concentrated in the leisure and hospitality sector, particularly in Florida (Puerto Rico is not counted in monthly figures), further exacerbating this contraction.
JLL Retail: Store closure summary, September 2017 JLL
JLL Retail Research looks at coming closures, the impact of e-commerce on brick and mortar stores, how the store experience is changing and which retailers are actually expanding operations despite the current climate (as of September 2017).
September 2017 U.S. employment update and outlookJLL
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.
JLL Retail Research looks at coming closures, the impact of e-commerce on brick and mortar stores, how the store experience is changing and which retailers are actually expanding operations despite the current climate.
Omaxe Sports City Dwarka stands out as a premier residential and recreational destination, offering a blend of luxury and sports-centric living. Located in the thriving area of Dwarka, this project by Omaxe Limited is designed to cater to modern lifestyle needs while promoting a healthy, active living environment.
Lixin Azarmehr, a Los Angeles-based real estate development trailblazer, co-founded JL Real Estate Development (JL RED) in 2015 and serves as its CEO. Her expertise has propelled the firm to specialize in luxury residential and mixed-use commercial projects, with a portfolio that features upscale retail spaces and sophisticated care facilities.
500 acres of brilliance await you here at Riverview City which offers modern living, effortless convenience, and a beautiful natural setting. It is a mega township by Magarpatta City in Loni Kalbhor, Pune. Enjoy easy access to work, schools, and fun while experiencing a perfect work-life balance.
Visit - magarpattacity.developerprojects.in
Presentation to Windust Meadows HOA Board of Directors June 4, 2024: Focus o...Joseph Lewis Aguirre
Presentation to Windust Meadows HOA Board of Directors June 4, 2024: Focus on Public Safety as Job #1, Engagement, Wealth of HOA, Branding, Communication, Culture, Civic Responsibility
Elegant Evergreen Homes - Luxury Apartments Redefining Comfort in Yelahanka, ...JagadishKR1
Experience unmatched luxury at Elegant Evergreen Homes, offering exquisite 2, 3, and 4 BHK apartments in the serene locality of Yelahanka, Bangalore. These meticulously crafted homes blend modern design with timeless elegance, providing a harmonious living environment. Enjoy top-tier amenities and a prime location, making Elegant Evergreen Homes the ideal choice for discerning homeowners.
Urbanrise Paradise on Earth - Unveiling Unprecedented Luxury in Exquisite Vil...JagadishKR1
Immerse yourself in the epitome of luxury living at Urbanrise Paradise on Earth. These opulent 4 BHK villas, nestled off the prestigious Kanakapura Road in Bangalore, redefine elegance and sophistication. With meticulous craftsmanship, breathtaking design, and unparalleled amenities, Urbanrise Paradise on Earth offers a sanctuary where every moment is infused with luxury and serenity. Experience a life of grandeur and indulgence at this exclusive residential enclave.
Simpolo Tiles & Bathware
Tile ho,
toh Simpolo.
Since the first steps were taken in 1977, Simpolo Ceramics has carved its niche as a consistently growing organisation with unparalleled innovation and passion rooted in simplicity.
We endure gratification for every experience we offer, created to share something meaningful. It may not resonate with the majority, but that makes us a class apart. If only a handful were to understand the purpose of our existence, we would be proud to have found our believers. Rather, people with whom we can share our beliefs.
VISUALIZER
Design your space in your style with our very own Visualizer. Now, you can choose the tiles of your liking from our wide selection and see how they would look in a space. Select the tile from the multiple options and the visualiser will replace the surfaces in the image with the selected tiles. This way, instead of just your imagination, you can choose the tiles for your place by getting an actual picture of how they would look in a space. So, design your space the way you desire digitally and implement it in real life to get the best results!
You can also share this visualiser with others to help them design their space.
Committed to delighting customers with world-class ceramic products and services. Make Simpolo synonymous with the best quality and set new benchmarks of excellence for all stakeholders. Pursue best business practices with utmost integrity to make Simpolo an exciting organisation to work with, for vendors, channel partners, investors and employees alike.
Gain worldwide recognition in the field of ceramic building products through Research and Innovation and bring an enhanced lifestyle within reach for every household.
The SVN® organization shares a portion of their new weekly listings via their SVN Live® Weekly Property Broadcast. Visit https://svn.com/svn-live/ if you would like to attend our weekly call, which we open up to the brokerage community.
Sense Levent Kagithane Catalog - Listing TurkeyListing Turkey
Sense Levent offers a luxurious living experience in the heart of Istanbul’s vibrant Levent district.
This cutting-edge development seamlessly integrates modern design with natural elements, featuring live evergreen plants maintained by an advanced irrigation system, ensuring lush greenery year-round.
The building’s elegant ceramic balconies are both stylish and durable, enhancing the overall aesthetic and functionality. Residents can enjoy the 700m Sky Lounge, which provides breathtaking views of Istanbul and a perfect space to relax and unwind.
Sense Levent promotes a healthy and active lifestyle with a full gym, swimming pool, sauna, and steam room, all available in the building. The interiors are crafted with high-quality materials, ensuring a luxurious and inviting living space.
Designed with young professionals in mind, Sense Levent features 1+1 and 2+1 units with smart floor plans and balconies. The project promises high investment returns, with an expected annual return of 6.5-7%, significantly above Istanbul’s average ROI.
Located in the rapidly growing and highly desirable Levent area, the development benefits from ongoing urban regeneration projects. Its prime location offers proximity to shopping malls, municipal buildings, universities, and public transportation, adding immense value to your investment.
Early investors can take advantage of discounted units during the construction phase, with an expected capital appreciation of +45% USD upon completion. Property Turkey provides comprehensive rental management services, ensuring a seamless and profitable investment experience.
Additionally, robust legal support and significant tax advantages are available through Property Turkey’s licensed Real Estate Investment Fund. Levent is a dynamic urban hub, ideal for young professionals with its numerous corporate headquarters and shopping malls.
Sense Levent is more than just a residence; it’s a place where dreams and opportunities come to life. Contact us today to secure your place in this exclusive development and experience the best of Istanbul living. Sense Levent: Sense the Opportunity. Live the Dream.
https://listingturkey.com/property/sense-levent/
One FNG by Group 108 Sector 142 Noida Construction UpdateOne FNG
One FNG by Group 108 is launching a new commercial project in Sector 142 Noida. Office space and high street retail shops on the FNG and Noida Expressway. For more information visit the website https://www.onefng.com/
Brigade Insignia offers meticulously designed apartments with modern architecture and premium finishes. The project features spacious 3,3.5,4 and 5 BHK units, each thoughtfully planned to provide maximum comfort, natural light, and ventilation.
https://www.newprojectbangalore.com/brigade-insignia-yelahanka-bangalore.html
Green Homes, Islamabad Presentation .pdfticktoktips
Green Homes Islamabad offers beautifully designed 5, 8, and 10 Marla homes near the airport and motorway. Enjoy luxury, convenience, and high rental returns in a prime location.
BricknBolt Understanding Load-Bearing Walls and Their Structural Support in H...BrickAndBolt
Load-bearing walls are the backbone of any home construction, providing crucial structural support that carries the weight of the house above. For companies like Brick and Bolt Mysore and Bricknbolt Faridabad, understanding and properly implementing these elements are key to constructing safe and durable buildings.
Scanning tenants in NYC requires a thorough and compliant approach to ensure you find reliable renters. For a positive rental experience, consider hiring a property management service. Belgium Management LLC specializes in NYC rental property management and tenant relationship management. We prioritize tenant satisfaction, making us a trusted name in New York property management. Our dedicated team ensures tenants feel valued and supported throughout their lease.
Flat available for sale
Location- Tupudana, Ranchi
Savitri enclave
Area- 3BHK
Rate- 4000/sq.ft.
Super Build Up Area-1629 sq.ft.
Build-up area-1253 sq.ft.
Rate- 65lakh16k(approx)
Floor available- Flat available in all floor(G+12)
Balcony- 2
Washroom- 2
Parking - CAR PARKING
Amenities- Joggers track,temple, children's park,gym,banquet hall (5 Lakh)
Possession year (Handover year)- Dec 2025
Outside View from the apartment and flat balcony is very beautiful.
For more information contact AASHIYANA STAR PROPERTIES
7766900371
Referans Bahcesehir which is being constructed, in the center of the most regional destination as Bahçeşehir, shines out with its central location and unique landscape including social facilities such as a fitness center, sauna, sports facilities, children’s playground and recreational areas.
Not only drawing attention for immediate surroundings including commercial centers and private schools but also providing the easily accessible location with closeness to Tem Highway and connection roads, ongoing construction of 3rd Bridge Connection roads and Metro Projects
Bahcesehir is a rising value in the great city of Istanbul… Located at a new transportation junction in the northwest of the City… Located at such a spot that the access roads for the 3rd bridge and for the 3rd Airport will reach the region in 2016. The Marmaray and the Subway will extend all the way to Referans Bahcesehir respectively in 2018 and 2019.
465 flats and 34 stores are designed with an outstanding approach and arranged with a unique perspective offering the following options: 1 plus 1, 2 plus 1, 3 plus 1, 3.5 plus 1, 4 plus 1, and 4.5 plus 1. It is planned so as to safeguard you and your loved ones based upon a modern, technological safety approach. As you experience the joy and luxury here, you will be content and feet at ease.
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2. Despite slower activity in the first quarter,
office markets across the U.S. are on the brink
of a tipping point as evidenced by more
expansionary leasing activity and consistently-
increasing tour velocity. Landlords are
responding by increasing rents aggressively,
with first quarter rent growth posting the
highest increase of the recovery so far, by a
multiple of three.
3. Market fundamentals are tightening, shifting negotiating leverage
more broadly in landlords’ favor
2
Source: JLL Research
Leasing activity
• Leasing activity overall inched ahead slightly from last quarter, but compared to more recent quarters remains
low. Conversely, expansionary activity is on the rise, which will ultimately result in greater net absorption than
recent years in which renewals and contractions were more common.
Absorption
• Absorption fell to a post-recession low of 6.3 million square feet in the first quarter, but the rapid acceleration of
expansionary leasing, especially among large-block occupiers, will likely result in a spike in absorption by the
end of the year. As more and more large tenants ink expansion deals, the time between lease signing and
physical absorption of space will grow as tenants need greater lead time to relocate.
Vacancy
• A reduced level of quarterly absorption, combined with 9.4 million square feet of completions, kept vacancy
stable at 15.6 percent. Vacancy in particular ticked marginally upward in CBD properties, while suburban
markets saw decreases in total vacancy.
Rents
• Rents jumped by 3.1 percent across the country, with CBDs seeing a 6.1-percent bump in asking rents.
Landlords are becoming increasingly aggressive and confident, reducing tenant leverage in the process.
• The gap between CBD and suburban rents widened after narrowing somewhat in 2014 and now rests at
$16.21 per square foot. Similarly, Class A space commands a $5.13-per-square-foot premium.
Construction
• Construction activity has more than doubled over the course of the year as market conditions tighten and
reduced space options are pushing up asking rents. While 72.1 million square feet of space will come to the
market over the next two years, only 50.7 percent is available due to high preleasing rates. Further, new
construction is commanding a 22.8-percent premium in terms of asking rents.
5. Leasing activity was relatively flat in Q1, but more tenants are
expanding rather than renewing
4
0
10,000,000
20,000,000
30,000,000
40,000,000
50,000,000
60,000,000
70,000,000
80,000,000
90,000,000
2007 2008 2009 2010 2011 2012 2013 2014 2015
Leasingactivity(s.f.)
Source: JLL Research
6. Leasing activity inched ahead in Q1, but down from previous
quarters
5
258,547,529
246,521,385
228,764,145
275,274,581
282,356,988
234,094,033
249,187,644
236,140,690
54,915,752
0 50,000,000 100,000,000 150,000,000 200,000,000 250,000,000 300,000,000
2007
2008
2009
2010
2011
2012
2013
2014
YTD 2015
Leasing activity (s.f.)
Source: JLL Research
7. Despite absorption losses of +1.0 MSF, NYC and DC comprised
20.0 percent of leasing activity in Q1
6
0
1,000,000
2,000,000
3,000,000
4,000,000
5,000,000
6,000,000
7,000,000
8,000,000
NewYork
Washington,DC
Dallas
Boston
Chicago
LosAngeles
OrangeCounty
SanFrancisco
Seattle
NewJersey
Denver
Atlanta
Philadelphia
SiliconValley
SanDiego
Phoenix
Austin
FairfieldCounty
Oakland-EastBay
Houston
Minneapolis
Detroit
Portland
St.Louis
Baltimore
Pittsburgh
Charlotte
KansasCity
Tampa
Sacramento
WestchesterCounty
Miami
Orlando
Indianapolis
Cleveland
Milwaukee
FortLauderdale
Cincinnati
WestPalmBeach
Raleigh-Durham
Jacksonville
LongIsland
HamptonRoads
SanAntonio
Richmond
SaltLakeCity
Columbus
SanFranciscoPeninsula
Leasingactivity(s.f.)
Source: JLL Research
11.9 MSF
8. 7
25.2 MSF
total square feet leased in Q1 in transactions
20,000 s.f. or larger
99
average term in months
56% / 7% / 33%
of tenants are growing / shrinking / stable
42% / 56%
urban / suburban breakdown
of Q1 volume
56% of leases larger than 20,000 square feet were expansionary
Source: JLL Research
9. 8
Urban Suburban Total metro
186,563
229,964
256,145
329,179
497,342
519,905
941,781
963,554
1,532,062
2,186,351
0 1,500,000 3,000,000
St. Louis
Portland
Boston
Seattle-Bellevue
Silicon Valley
Chicago
Houston
San Francisco
Washington, DC
New York
416,723
499,139
504,294
666,028
671,909
794,909
802,731
902,484
943,319
1,152,952
0 1,000,000 2,000,000
Suburban Maryland
Chicago
Dallas
Atlanta
Orange County
New Jersey
Boston
Sacramento
Oakland-East Bay
Northern Virginia
822,409
902,484
941,781
963,554
968,319
1,019,044
1,058,876
1,214,438
1,532,062
2,186,351
0 1,500,000 3,000,000
New Jersey
Sacramento
Houston
San Francisco
Oakland-East Bay
Chicago
Boston
Northern Virginia
Washington, DC
New York
East Coast markets dominated leasing activity with New York
remaining #1
Source: JLL Research
10. 9
Large leasing from new and established companies spread across
a diverse array of geographies
Seattle CBD
Zillow: 155,000 s.f.
CBD (Portland)
Moda Health: 176,000 s.f.
Airport Area(Orange County)
Hyundai Capital: 178,000 s.f.
Westchase (Houston)
Samsung Engineering: 160,000 s.f.
(Southeast) Minneapolis
Wells Fargo: 190,000 s.f.
North (Chicago)
Baxalta: 260,000 s.f.
Market Street West (Philadelphia)
ISO Insurance: 392,000 s.f.
Grand Central (NYC)
MetLife: 430,000 s.f.
East End (DC)
Fannie Mae: 700,000 s.f.
Source: JLL Research
Northwest (Atlanta)
SITA: 156,000 s.f.
11. 10
Unknown
Non-profit
Creative
Consumer-oriented
Professional and business services
Finance
Scientific & technical
0 3,000,000 6,000,000 9,000,000
Telecom/Mobile
Unknown
Government
Architecture, engineering,…
Manufacturing & distribution
Energy & utilities
Education
Other professional and business…
Association, non-profit, union
Retail & hospitality
Accounting, consulting, research,…
Real estate
Life sciences
Marketing, advertising,…
Media & entertainment
Aerospace, defense, transportation
Law firm
Healthcare
Technology
Banking, finance, insurance
0 2,000,000 4,000,000
Leasing activity within the scientific and technical industry cluster… …dominated by technology companies, led activity in the fourth quarter
Scientific and technical jobs maintain the lion’s share of large-
block leasing activity
Source: JLL Research
14. 13
56%
of companies grew in Q1
11%
of companies shrunk in
Q1
33%
of companies were stable
in Q1
Technology
26.5% of companies
Banking, finance, insurance
17.2% of companies
Healthcare
10.7% of companies
Banking, finance, insurance
32.6% of companies
Technology
9.4% of companies
Government
9.1% of companies
Law firm
16.5% of companies
Aerospace, defense, trans.
14.4% of companies
Energy & utilities
12.9% of companies
Expansionary leases account for more than half of all large-block
activity
Source: JLL Research
16. Absorption as a % of inventory declined from previous quarters,
but still in-line with historical average
15
-1.0%
-0.5%
0.0%
0.5%
1.0%
1.5%
2008 2009 2010 2011 2012 2013 2014 2015
Quarterlynetabsorption(as%ofinventory)
Source: JLL Research
15-year trailing annual average
18. Class B and C space recorded its first quarter of absorption in
over a year, as tenants seek quality space
17
-10,000,000
-5,000,000
0
5,000,000
10,000,000
15,000,000
20,000,000
2010 2011 2012 2013 2014 2015
Quarterlynetabsorption(s.f.)
Class A (CBD) Class A (suburban)
Class B (CBD) Class B (suburban)
Class C (CBD) Class C (suburban)
Source: JLL Research
19. Absorption in Class B over the past four quarters 60% of
absorption over the preceding five years
18
Source: JLL Research
19,241,155
11,494,900
0
5,000,000
10,000,000
15,000,000
20,000,000
25,000,000
2010-Q1 2014 Past four quarters
ClassBnetabsorption(s.f.)
1,131,833 s.f. per quarter 2,873,725 s.f. per quarter
20. Losses incurred in Q1 expected to be offset by occupancy gains
later in the year
19
-2,000,000
-1,500,000
-1,000,000
-500,000
0
500,000
1,000,000
1,500,000
2,000,000
2,500,000
Dallas
SiliconValley
Austin
Philadelphia
Detroit
Raleigh/Durham
Boston
SanFrancisco
Minneapolis
Orlando
SaltLakeCity
Phoenix
Oakland-EastBay
Atlanta
Sacramento
TampaBay
Cincinnati
Portland
Pittsburgh
SanAntonio
Houston
Baltimore
Chicago
Miami
Charlotte
WestPalmBeach
Richmond
LongIsland
St.Louis
SanFranciscoPeninsula
LosAngeles
Cleveland
Denver
FortLauderdale
OrangeCounty
Milwaukee
SanDiego
HamptonRoads
KansasCity
Indianapolis
Jacksonville
WestchesterCounty
Columbus
FairfieldCounty
Seattle
Washington,DC
NewJersey
NewYork
YTDnetabsorption(s.f.)
Source: JLL Research
Nine markets posted occupancy losses totaling
3.7 million square feet
21. Central U.S. markets recorded highest occupancy gains in Q1,
supplanting East Coast for first time in a year
20
-100%
-80%
-60%
-40%
-20%
0%
20%
40%
60%
80%
100%
2010 2011 2012 2013 2014 2015
Shareofquarterlynetabsorption
East Coast Central West Coast
Source: JLL Research
22. Tech markets regained absorption share as NYC and DC
occupancy declined
21
Source: JLL Research
NYC and DC (*excludes Midtown South)
Tech markets (*includes Midtown South)
Energy markets
Sunbelt
All other markets
70.0%
29.7%
6.4%
2010
5.1%
33.5%
19.0%
18.4%
23.9%
2011
0.0%
37.5%
26.0%
29.1%
7.4%
2012
11.1%
21.6%
22.3%
18.6%
26.4%
2013
13.7%
23.1%
15.3%
20.1%
27.8%
2014
0.0%
37.0%
23.5%
12.9%
26.6%
YTD 2015
23. Energy losses severe, but not yet negative. Seattle expected to
erase losses with Amazon by year-end
22
1.2%
0.0%
0.1%
0.3%
0.5%
-0.3%
0.2%
1.7%
0.2%
0.3% 0.3%
1.1%
-0.5%
0.0%
0.5%
1.0%
1.5%
2.0%
YTDnetabsorption(s.f.)
Source: JLL Research
Energy Tech Sunbelt
U.S. average
24. East Coast losses weighing heavily on region’s overall occupancy
gains
23
Source: JLL Research
-10,000,000
-5,000,000
0
5,000,000
10,000,000
15,000,000
20,000,000
25,000,000
2010 2011 2012 2013 2014 YTD 2015
Netabsorption(s.f.)
Atlanta South Florida Rest of the East Coast
25. Class B and C properties have accounted for only one-fifth of net
absorption over the past five years
24
Source: JLL Research
Trophy and Class A
net absorption
147.5
m.s.f.2010-YTD 2015
Class B and C net
absorption
29.6
m.s.f.2010-YTD 2015
27. Class A occupancy gains made up for losses in Class B and C
26
133.5%
93.9%
74.5% 76.3%
295.2%
98.5%
82.0% 78.3%
45.2%
73.4%
63.5%
80.9%
57.3%
82.3%
66.9% 69.8%
115.2%
0.0%
50.0%
100.0%
150.0%
200.0%
250.0%
300.0%
350.0%
2011 2012 2013 2014 2015
ClassAshareofquarterlyabsorption
Source: JLL Research
28. CBD Class A absorption significantly lower than recent quarters
as supply declines across the U.S.
27
166.2%
90.4% 88.8%
80.8%
100.0%
106.1%
74.8%
0.0%
88.1% 86.5%
49.6%
92.0%
48.8%
100.9%
66.4%
32.6%
19.5%
0.0%
20.0%
40.0%
60.0%
80.0%
100.0%
120.0%
140.0%
160.0%
180.0%
2011 2012 2013 2014 2015
ClassAshareofquarterlyabsorption
Source: JLL Research
29. Demand for creative space pushing occupancy gains above
national average % of inventory
28
4.9% 4.9%
3.8% 3.7%
3.5%
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
Boston
(Mid-Cambridge)
San Francisco
(South Financial District)
New York
(Hudson Square)
San Francisco
(Mid-Market)
San Francisco
(Jackson Square)
YTDClassBnetabsorption(%ofinventory)
Source: JLL Research
U.S. average
30. Still, Class A continues to trump Class B according to most
indicators
29
Source: JLL Research
115%of absorbed space in 2014
has been Class A
$11.28per square foot difference
between Class A and B space…
45.8%premium charged for Class A space
versus Class B
-420bpdifference between Class A and
Class B total vacancy
32. Due to lower quarterly absorption and 9.4 million square feet of
completions, vacancy stayed stable at 15.6 percent
31
12.0%
13.0%
14.0%
15.0%
16.0%
17.0%
18.0%
19.0%
20.0%
2009 2010 2011 2012 2013 2014 2015
Totalvacancy(%)
Source: JLL Research
33. Although more space is expected to come to the market, high
preleasing should allow for further drops in vacancy in 2015
32
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
14.0%
16.0%
18.0%
20.0%
1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2015
Totalvacancy(%)
Source: JLL Research
34. Vacancy has ticked upward marginally in CBD Class A and B
properties, but downward in suburban markets
33
10.0%
12.0%
14.0%
16.0%
18.0%
20.0%
22.0%
2010 2011 2012 2013 2014 2015
Totalvacancy(%)
Class A (CBD) Class A (suburban)
Class B (CBD) Class B (suburban)
Class C (CBD) Class C (suburban)
Source: JLL Research
35. Although office-using employment grew by 156,000 during Q1,
vacancy is flat
34
14.0%
14.5%
15.0%
15.5%
16.0%
16.5%
17.0%
17.5%
18.0%
18.5%
19.0%
26,000
26,500
27,000
27,500
28,000
28,500
29,000
29,500
30,000
30,500
31,000
2011 2012 2013 2014 2015
Totalvacancy(%)
Office-usingemployment(thousands)
Office-using employment (thousands) Total vacancy (%)
Source: JLL Research
36. CBD vacancy just 70 basis points from historic low, while
suburban vacancy is 220 basis points away
35
5.0%
7.0%
9.0%
11.0%
13.0%
15.0%
17.0%
19.0%
21.0%
23.0%
Totalvacancy(%)
Source: JLL Research
37. After increasing in Q4, sublease vacancy dropped by nearly
500,000 s.f. even with increase in Houston by 3.5 m.s.f.
36
30,000,000
40,000,000
50,000,000
60,000,000
70,000,000
80,000,000
90,000,000
100,000,000
2009 2010 2011 2012 2013 2014 2015
Subleasespace(s.f.)
Source: JLL Research
39. Peaking
phase
Falling
phase
Rising
phase
Bottoming
phase
Dallas
Austin, San Francisco
Atlanta, Fort Lauderdale, Indianapolis,
Raleigh-Durham, Richmond, Tampa
Columbus, Sacramento, West Palm Beach
Baltimore,
Washington, DC
Minneapolis
Charlotte, Fairfield County
Chicago, Cincinnati, Jacksonville,
Oakland-East Bay, San Diego
Denver, Miami, Phoenix, United States
Detroit, Hampton Roads, San Antonio, Westchester County
Kansas City, Orange County, Orlando, Salt Lake City
Boston
New York
Los Angeles, Pittsburgh, Portland, Seattle-Bellevue
Cleveland, Long Island, Milwaukee, Philadelphia, St. Louis
San Francisco Peninsula, Silicon Valley
New Jersey
Houston
Source: JLL Research
Q1 2015 U.S. overall office clock
40. Peaking
phase
Falling
phase
Rising
phase
Bottoming
phase
Baltimore, Kansas City
Atlanta, Midtown (New York), Raleigh-Durham, Tampa
Boston, Los Angeles, Pittsburgh
Charlotte, Stamford CBD
Chicago, Downtown (New York), Philadelphia,
Oakland CBD, Salt Lake City
Cincinnati, Cleveland
Columbus, Richmond,
St. Louis, White Plains CBD
Dallas, Greenwich CBD, Indianapolis, Jacksonville
Denver, Fort Lauderdale
Detroit, Milwaukee, Phoenix
Miami, Seattle CBD
Minneapolis
Austin, Midtown South (New York), San Francisco
Orlando, United States
Sacramento, Washington, DC, West Palm Beach
San Antonio, San Diego
Portland, San Jose CBD
Houston
Source: JLL Research
Q1 2015 U.S. CBD office clock
41. Q1 2015 U.S. suburban office clock
Peaking
phase
Falling
phase
Rising
phase
Bottoming
phase
Atlanta, Baltimore, Chicago, Fairfield County,
Fort Lauderdale, Hampton Roads (Peninsula) Miami,
Milwaukee, Oakland Suburbs, Orlando, Raleigh-Durham, Tampa
Cambridge, San Francisco
Boston, Minneapolis, Nassau County,
Phoenix, Salt Lake City
Charlotte, Philadelphia
Cincinnati, San Diego, United States, Westchester County
Cleveland, Columbus,
Hampton Roads (Southside), San Antonio
Dallas
Denver, East Bay Suburbs, Indianapolis
Detroit
Kansas City
Suffolk County
Los Angeles
Central New Jersey,
Northern New Jersey,
Washington, DC
Jacksonville, Orange County, Portland,
Seattle-Bellevue, St. Louis
Pittsburgh
Lehigh Valley, Northern
Delaware, Sacramento,
West Palm Beach
San Francisco Peninsula
Bellevue CBD, Richmond
Silicon Valley
Austin
Southern New Jersey
Houston
Source: JLL Research
42. Tightening market conditions are giving landlords confidence:
asking rents spiked by 3.1 percent in Q1, highest this cycle
41
-6.0%
-4.0%
-2.0%
0.0%
2.0%
4.0%
6.0%
2008 2009 2010 2011 2012 2013 2014 2015
Quarterlyrentgrowth(%)
Source: JLL Research
43. CBD Class A rents continue to jump at 4.2 percent year-on-year;
nearly all segments recording strong growth
42
$15.00
$20.00
$25.00
$30.00
$35.00
$40.00
$45.00
$50.00
2010 2011 2012 2013 2014 2015
Averageaskingrents($p.s.f.)
Class A (CBD) Class A (suburban)
Class B (CBD) Class B (suburban)
Class C (CBD) Class C (suburban)
Source: JLL Research
44. Since Q1 2010, CBD Class A rents have grown by more than
one-fifth; Suburban Class B barely increased in nominal terms
43
-10.0%
-5.0%
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
2010 2011 2012 2013 2014 2015
Averageaskingrents($p.s.f.)
Class A (CBD) Class A (suburban)
Class B (CBD) Class B (suburban)
Class C (CBD) Class C (suburban)
Source: JLL Research
+21.0%
CBD Class A
+10.8%
Suburban Class C
+9.5%
CBD Class C
+6.8%
Suburban Class A
+5.8%
CBD Class B
+0.9%
Suburban Class B
45. 6.1-percent bump in CBD asking rents highlights a combination
of high demand and minimal supply
44
-6.0%
-4.0%
-2.0%
0.0%
2.0%
4.0%
6.0%
8.0%
2011 2012 2013 2014 2015
Quarterlyrentgrowth(%)
CBD rent growth Suburban rent growth
Source: JLL Research
CBD average: 1.1%
Suburban average: 0.2%
46. After narrowing in 2014, the rent gap grew to new heights in Q1:
CBDs are now $16.21 (+66.1 percent) more expensive
45
$20.00
$25.00
$30.00
$35.00
$40.00
$45.00
2010 2011 2012 2013 2014 2015
Averageaskingrent($p.s.f)
CBD Suburbs
Source: JLL Research
$11.36
$16.21
47. Like CBDs vs. suburbs, the Class A rent premium jumped in Q1
2015 to a cyclical high of $5.13 per square foot
46
$3.40
$3.49 $3.49
$3.53
$3.68
$3.81
$3.97 $3.99
$4.21
$4.26
$4.37 $4.38
$4.86
$4.71
$4.82
$4.76
$4.97
$4.92 $4.90
$4.81
$5.13
$3.00
$3.50
$4.00
$4.50
$5.00
$5.50
2010 2011 2012 2013 2014 2015
ClassApremium($p.s.f.)
Source: JLL Research
48. TI allowances are beginning to elevate due to new construction
providing higher concessions, but free month is declining
47
3.5
4.1
5.1
6.1 6.2
5.7
5.1
5.3
5.8
5.6
$23.00
$24.00
$25.00
$26.00
$27.00
$28.00
$29.00
$30.00
$31.00
0.0
1.0
2.0
3.0
4.0
5.0
6.0
7.0
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
TIallowance($p.s.f.)
Freemonthsofrent
Free months of rent TI allowance ($ p.s.f.)
Source: JLL Research
50. Construction volumes have nearly doubled over the course of the
year to 84.3 million square feet; expected to rise even more
0
20,000,000
40,000,000
60,000,000
80,000,000
100,000,000
120,000,000
140,000,000
160,000,000
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Underconstruction(s.f.)
49
Source: JLL Research
51. Market Under construction (s.f.) Share
Houston 12,833,724 15.2%
New York 7,206,342 8.6%
Dallas 7,177,086 8.5%
Seattle-Bellevue 6,901,827 8.2%
Boston 4,898,240 5.8%
Washington, DC 4,892,802 5.8%
Silicon Valley 4,811,393 5.7%
Phoenix 3,661,725 4.3%
Austin 3,473,083 4.1%
San Francisco 3,134,205 3.7%
Philadelphia 3,047,379 3.6%
Chicago 3,003,000 3.6%
Denver 2,340,203 2.8%
Los Angeles 2,069,739 2.5%
All other markets 9,383,541 17.5%
United States 84,204,307 100.0%
While Houston still leads the nation in development, other
markets have picked up the pace
Houston New York Dallas Seattle-Bellevue Boston
Washington, DC Silicon Valley Phoenix Austin San Francisco
Philadelphia Chicago Denver Los Angeles All other markets
50
Source: JLL Research
52. Year-to-date, completions already total 40.1 percent of 2014’s
total deliveries, although 10.1 m.s.f. is still below average
0
20,000,000
40,000,000
60,000,000
80,000,000
100,000,000
120,000,000
140,000,000
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Completions(s.f.)
51
10.1 m.s.f.
Source: JLL Research
Average completions: 45.7 m.s.f.
53. The majority of current development – 72.1 million square feet –
will deliver in 2015 and 2016
0
5,000,000
10,000,000
15,000,000
20,000,000
25,000,000
30,000,000
35,000,000
40,000,000
45,000,000
2015 2016 2017 2018
Completions(s.f.)
Speculative BTS
52
Source: JLL Research
55. The 12.8 million square feet of starts in Q1 is the second-highest
quarterly figure during the recovery so far
7,322,061
11,407,786
13,060,032
4,781,395
11,818,372
9,168,187
9,855,374
12,720,560 12,810,553
0
2,000,000
4,000,000
6,000,000
8,000,000
10,000,000
12,000,000
14,000,000
2013 2014 2015
Starts(s.f.)
54
Source: JLL Research
56. Market Starts (s.f.) Share
Dallas 4,582,534 35.8%
Seattle-Bellevue 1,756,800 13.7%
Silicon Valley 1,280,406 10.0%
Charlotte 978,309 7.6%
New York 858,710 6.7%
Chicago 763,000 6.0%
Denver 535,000 4.2%
Cincinnati 485,000 3.8%
Phoenix 299,822 2.3%
Washington, DC 272,049 2.1%
San Francisco Peninsula 270,614 2.1%
Long Island 232,917 1.8%
Portland 221,827 1.7%
Fort Lauderdale 143,565 1.1%
New Jersey 130,000 1.0%
United States 12,810,553 100.0%
Toyota’s HQ campus, among other developments, pushes Dallas
to lead construction starts
Dallas Seattle Silicon Valley
Charlotte New York Chicago
Denver Cincinnati Phoenix
Washington, DC San Francisco Peninsula Long Island
Portland Fort Lauderdale New Jersey
55
Source: JLL Research
57. Although spec construction is rising, numerous build-to-suit
developments broke ground in Q1 2015
56
Source: JLL Research
181,000 s.f.
Seattle
1,787,000 s.f.
Dallas
365,000 s.f.
Cincinnati
320,000 s.f.
Philadelphia
66,000 s.f.
Los Angeles
250,000 s.f.
Charlotte
58. Market Starts (s.f.) Share
Trammell Crow 4,173,840 5.0%
Hines 4,126,715 4.9%
KDC 3,127,000 3.7%
Boston Properties 2,680,530 3.2%
Sunbelt Holdings 2,108,000 2.5%
Jay Paul 1,962,886 2.3%
Liberty 1,794,077 2.1%
Related 1,700,000 2.0%
Schnitzer West 1,391,000 1.7%
Irvine Company 1,338,230 1.6%
Touchstone 1,308,044 1.6%
O'Donnell 1,200,000 1.4%
Tishman Speyer 1,156,840 1.4%
Federal Realty 1,057,000 1.3%
All other companies 55,080,145 65.4%
United States 84,204,307 100.0%
Trammell Crow, Hines, KDC and Boston Properties are
developing roughly 16.8 percent of space under construction
Trammell Crow Hines KDC Boston Properties
Sunbelt Holdings Jay Paul Liberty Related
Schnitzer West Irvine Company Touchstone O'Donnell
Tishman Speyer Federal Realty All other companies
57
Source: JLL Research
59. BTS-heavy markets such as Phoenix, Philadelphia and Dallas
lead preleasing rates
26.5%
28.4%
32.7%
38.3%
41.3%
45.2%
47.9%
50.7%
51.1%
52.2%
52.5%
59.4%
64.1%
64.6%
67.3%
0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 70.0% 80.0%
New York
Austin
Denver
Seattle-Bellevue
Los Angeles
Atlanta
Silicon Valley
Washington, DC
Houston
Boston
San Francisco
Dallas
Philadelphia
Chicago
Phoenix
Preleasing rate (%)
58
Source: JLL Research
60. A numer of large developments continue to rise despite no
preleasing as market conditions improve
59
609 Main at Texas (Hines)
Houston
1,057,668 s.f.
390 Madison Avenue (L&L)
New York
858,710 s.f.
One SoHo Square (Rockpoint)
New York
768,000 s.f.
Moffett Gateway (Jay Paul)
Silicon Valley
600,864 s.f.
6 Houston Center (Crescent)
Houston
600,000 s.f.
Source: JLL Research
Energy Center V (Trammell Crow)
Houston
505,000 s.f.
1775 Tysons Boulevard (Lerner)
Northern Virginia
476,913 s.f.
7 Bryant Park (Hines)
New York
473,672 s.f.
61. New construction is asking a significant premium, which will
boost market-level asking rents upon delivery
$44.13
$35.93
$24.65
$23.15
$0.00
$5.00
$10.00
$15.00
$20.00
$25.00
$30.00
$35.00
$40.00
$45.00
$50.00
Under construction Class A Class B Class C
Directaverageaskingrent($p.s.f.)
60
Source: JLL Research
+22.8% +79.0% +90.6%
62. Properties in the Bay Area and Washington, DC are now asking
more than $80 per square foot
$80.00
$80.00
$80.00
$80.00
$82.00
$85.00
$86.25
$94.20
$102.00
$150.00
$159.00
$60 $80 $100 $120 $140 $160 $180
333 Brannan Street (San Francisco)
345 Brannan Street (San Francisco)
601 Massachusetts Avenue NW (Washington, DC)
600 Massachusetts Avenue NW (Washington, DC)
900 G Street NW (Washington, DC)
1000 F Street NW (Washington, DC)
900 16th Street NW (Washington, DC)
College Terrace (Silicon Valley)
Salesforce Tower (San Francisco)
2460 Sand Hill Road (SF Peninsula)
135 Hamilton Avenue (Silicon Valley)
Month 00, 2014 61
Source: JLL Research – data for many high-profile properties, such as 3 World Trade Center and 10 Hudson Yards in New York, is not available
63. With $36.5 billion of office transactions, nearly one-third of full-
year 2014 deal flow closed in first quarter
62
$0.00
$50.00
$100.00
$150.00
$200.00
$250.00
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Officeinvestmentsalevolumes(billionsof$US)
Q1 Q2 Q3 Q4
Source: JLL Research
64. Strong deal flow in Boston, NY and expanding pipeline in
Seattle, Chicago driving 43.1 percent growth in primary markets
63
11
7
14
11
7
9
13
6
17
12
19
10
8
37
18
7
26
18
14
11
9
8 8
4
0
5
10
15
20
25
30
35
40
Boston New York San Francisco Seattle-Bellevue Chicago Los Angeles Washington, DC Houston
Numberofofficeinvestmentsales
2013 Q1 2014 Q1 2015 Q1
Source: JLL Research
65. … with 6 of the 8 primary markets exceeding $1.0 billion
64
Resurgent New York saw first quarter deal flow triple over comparable 2014 levels
$6,320
$1,648 $1,538
$1,218 $1,118 $1,092
$755 $745 $734 $685 $639
$-
$1,000
$2,000
$3,000
$4,000
$5,000
$6,000
$7,000
Totalsalevolumes(millionsof$US,Q12015)
Source: JLL Research Primary markets Secondary markets
66. Average deal size is up 73.0 percent in primary markets
65
As value appreciation continues, all primary markets seeing deal sizes increase with the exception of Boston—a trend driven by
expansion of value add suburban transactions
$-
$50.0
$100.0
$150.0
$200.0
$250.0
$300.0
$350.0
$400.0
New York Chicago Houston Washington,
DC
San Francisco /
Silicon Valley
Seattle-
Bellevue
Los Angeles Boston
Averagedealsize(millionsof$US)
2014 Q1 2015 Q1
Source: JLL Research
67. … While secondary market deals two-fifths the size
66
Other than strong Miami market, secondary market deal sizes growing at slower pace than primary counterparts
$-
$50.0
$100.0
$150.0
$200.0
$250.0
$300.0
$350.0
$400.0
Averagedealsize(millionsof$US)
Source: JLL Research Primary markets Secondary markets
68. Primary markets dominating CBD investment activity; non-CBD
volumes led by secondary markets
67
Most active CBD markets Most active Non-CBD markets
Of CBD volumes in Primary markets Of Non-CBD volumes in Secondary markets
Source: JLL Research
$6,466
$1,631
$970
$723 $635
$0
$1,000
$2,000
$3,000
$4,000
$5,000
$6,000
$7,000
Q1officeinvestmentsalevolume(millionsof$US)
$745 $621 $505
$299 $233
69. 14.1%
62.2%
23.7%
Trophy Class A Class B
Resurgence in Trophy activity with one-third of comparable full-
year 2014 sales in first quarter
68
28.0%
45.2%
26.8%
Trophy Class A Class B
Source: JLL Research
70. Strong New York activity fueling U.S. Trophy deal flow
69
Foreign buyers Ivanhoe Cambridge, Norges demonstrating strong appetite for NY product
$1,467
$2,460 $2,601
$2,175
$3,009
$1,247
$1,580
$3,190
$5,716
$0
$1,000
$2,000
$3,000
$4,000
$5,000
$6,000
$7,000
2013 Q1 2013 Q2 2013 Q3 2013 Q4 2014 Q1 2014 Q2 2014 Q3 2014 Q4 2015 Q1
Trophyinvestmentsalevolumes(millionsof$US)
Source: JLL Research
79.2% increase
Q-o-Q
101.9% increase
Q-o-Q
71. As East Coast CBD investment increases, Boston and West Coast
investment strategies diversifying further into the Suburbs
70
100%
81%
60%
66% 65%
50%
55%
25%
100% 99%
93% 90%
59% 55%
13% 12%
0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
60.0%
70.0%
80.0%
90.0%
100.0%
New York Chicago Houston Washington, DC Boston Seattle-Bellevue San Francisco Los Angeles
CBDinvestmentsales(asa%oftotalvolumes)
2014 2015 Q1
Source: JLL Research
Westside
Palo Alto /
Santa Clara
Lake Union /
Belltown
Cambridge /
495 Mass
Pike
72. 56.7%
43.3%
Primary markets Secondary markets
Secondary market activity continues to rise on a square footage
basis, accounting for 57.8 percent of 2015 activity year-to-date
71
Source: JLL Research
2013
47.1%
52.9%
Primary markets Secondary markets
2014
42.2%
57.8%
Primary markets Secondary markets
2015
YTD
74. While stable in the primary markets, composition of non-CBD
investments diversifying into Class B in secondary markets
73
Source: JLL Research
76% 76% 72%
24% 24% 28%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2013 2014 2015 Q1
Class A Class B
75% 76%
55%
25% 24%
45%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2013 2014 2015 Q1
Class A Class B
Primary, non-CBD activity Secondary, non-CBD activity
75. With nearly $11.0b of deal flow, these submarkets drove 62.8 and
36.0 percent of primary and secondary activity, respectively
74
Source: JLL Research
West Loop (Chicago)
$1.0 billion
Portland CBD
$0.2 billion
SE Suburban (Denver)
$0.3 billion
LoDo (Denver)
$0.3 billion
Buckhead (Atlanta)
$0.4 billion
RTP/RDU (Raleigh)
$0.7 billion
Airport Area (Phoenix)
$0.2 billion
Bellevue CBD
$0.5 billion
Westside (LA)
$0.5 billion
Capitol Hill (DC)
$0.5 billion
Times Square $3.2b
Plaza District $1.2b
Water Street Corridor $0.5b
Grand Central $0.5b
Houston CBD
$0.6 billion
Primary markets Secondary markets
77. 76
Source: JLL Research
2015 outlook strongest in nearly a decade
Markets across the U.S. expect to see continued employment growth within office-using sectors
and corporate occupiers remain certain that expansionary activity is now necessary. As a result,
leasing activity is expected to increase in the coming quarter, likely nearing 60 million square feet
on average.
Large relocations and expansions, once occupied will likely push absorption above 2014’s total of 55
million square feet. Additionally, traditional industries are increasingly committing to expansion space
unlike in previous years, and that growth will impact a wider array of geographies.
As occupancy gains mount, overall vacancy will likely dip to 15.0 percent by year-end, but this
accelerating decline could be tempered if projects currently under construction don’t secure tenants
before delivery.
Rental rate growth will continue to accelerate, especially as Trophy and Class A spaces disappear in
advance of new supply coming online. Landlords anticipating significant growth in demand are
pushing rates ahead of other fundamentals, but economic expansion so far is padding the impact.
1.
2.
3.
4.
78. If cracks exist in the growing economy, they
aren’t yet visible in the leasing, sales or
development markets. In fact, growth, both
economic, as well as real estate-centric, is
shifting from tech-heavy markets and spilling
over into secondary and tertiary markets,
giving legs to a longer-term economic
expansion despite a slowdown and correction
in the energy markets.