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
The world has never been more urban than it is now, and this trend isn’t expected to slow down anytime soon. By 2050, the world will have grown by 2.5 billion additional urban dwellers, with almost all of this growth occurring in cities in the developing world. The right ecosystem for change can make sustainable urban solutions a reality—not just in a few cities, but worldwide.
Presented by Ani Dasgupta, Global Director, WRI Ross Center for Sustainable Cities, at the ICLEI World Congress in Seoul, South Korea, April 9, 2015.
Read more on #TheCityFix: http://bit.ly/1Pp7rdU
Plenary session of the for Grand Lille Committee (Comité Grand Lille), 3 July 2015, presentation on The Metroploitan Century and Governing Metropolitan Areas, by Joaquim Oliveira Martins, Head, Regional Development Policy.
www.oecd.org/gov/regional-policy/
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
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
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
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.
The world has never been more urban than it is now, and this trend isn’t expected to slow down anytime soon. By 2050, the world will have grown by 2.5 billion additional urban dwellers, with almost all of this growth occurring in cities in the developing world. The right ecosystem for change can make sustainable urban solutions a reality—not just in a few cities, but worldwide.
Presented by Ani Dasgupta, Global Director, WRI Ross Center for Sustainable Cities, at the ICLEI World Congress in Seoul, South Korea, April 9, 2015.
Read more on #TheCityFix: http://bit.ly/1Pp7rdU
Plenary session of the for Grand Lille Committee (Comité Grand Lille), 3 July 2015, presentation on The Metroploitan Century and Governing Metropolitan Areas, by Joaquim Oliveira Martins, Head, Regional Development Policy.
www.oecd.org/gov/regional-policy/
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
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
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
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 (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 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.
Q1 2015 U.S. office market statistics, trends and outlookJLL
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 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
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 CBD had a strong quarter of activity. Absorption was positive driving vacancy down to 11.9 percent, the third consecutive quarter since 2008 to reach that low.
Cushman & Wakefield Toronto Americas Marketbeat Office Q1 2019 Guy Masse
Outlook
Given low availability, robust demand, and little relief from new
supply, the office story in Downtown Toronto is expected to remain
one of historically tight conditions and rising rental rates. On the
suburban front, availability is expected to trend upward in GTA
West as over 800,000 square feet (sf) hits the market in the second
half of 2019. GTA East will continue to see a moderate performance
with less than 200,000 sf of space tracked to become available this
year.
Since 2010 more than 4.8 million square feet of office space has been absorbed by local companies growing operations and expanding footprints. Office demand growth has favored downtown, but has not been limited to it.
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.
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 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.
Q1 2015 U.S. office market statistics, trends and outlookJLL
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 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
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 CBD had a strong quarter of activity. Absorption was positive driving vacancy down to 11.9 percent, the third consecutive quarter since 2008 to reach that low.
Cushman & Wakefield Toronto Americas Marketbeat Office Q1 2019 Guy Masse
Outlook
Given low availability, robust demand, and little relief from new
supply, the office story in Downtown Toronto is expected to remain
one of historically tight conditions and rising rental rates. On the
suburban front, availability is expected to trend upward in GTA
West as over 800,000 square feet (sf) hits the market in the second
half of 2019. GTA East will continue to see a moderate performance
with less than 200,000 sf of space tracked to become available this
year.
Since 2010 more than 4.8 million square feet of office space has been absorbed by local companies growing operations and expanding footprints. Office demand growth has favored downtown, but has not been limited to it.
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.
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
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.
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.
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 KA Housing - Catalogue - Listing TurkeyListing Turkey
Welcome to KA Housing, a distinguished real estate development nestled in the heart of Eyüpsultan, one of Istanbul’s most promising districts.
Just 10 minutes from the bustling city center, Eyüpsultan offers a serene escape with the convenience of urban living. The direct metro line ensures seamless connectivity to all parts of Istanbul, making it an ideal location for residents who seek both tranquility and vibrancy.
KA Housing boasts unparalleled accessibility, with proximity to Istanbul Airport only 30 minutes away, facilitating easy international travel. Effortless city access is guaranteed by direct metro and transportation links to Istanbul’s cultural and commercial hubs. Quick access to key metro lines connects you to every corner of the city within minutes, making commuting and exploring the city hassle-free.
The development offers luxurious living spaces with a range of unit layouts from 1+1 to 4+1, designed with meticulous attention to detail. Each unit features balconies or terraces, providing stunning vistas of Istanbul and enhancing the living experience. High-quality materials and superior craftsmanship ensure durability and elegance, while sound-proof insulation and high ceilings (2.95 m) offer comfort and sophistication.
Residents of KA Housing enjoy exclusive on-site amenities, including a state-of-the-art gym, outdoor swimming pool, yoga area, and walking paths. Entertainment options abound with a private cinema, children’s playground, and a variety of dining options including a café and restaurant. Security and convenience are paramount with 24/7 security, a dedicated carpark garage, and an IP intercom system.
KA Housing represents a prime investment opportunity with limited availability in a high-demand area, ensuring enduring value and potential for lucrative returns. Homes in this development provide exceptional value without compromising on quality, offering affordable luxury for discerning buyers. The construction is of the highest quality, built to the latest seismic and disaster resistance standards, ensuring safety and resilience.
The community and surroundings of KA Housing are enriched by close proximity to prestigious universities such as Haliç University, Bilgi University, and Istanbul Ticaret University, making it an ideal location for students and academics. The development is adjacent to the Alibeyköy stream leading into the Halic waters, offering serene natural escapes amidst lush greenery. Residents can enjoy the cultural richness of the area, surrounded by historical and cultural landmarks that blend leisure, nature, and culture seamlessly.
https://listingturkey.com/property/the-ka-housing/
Keep Your Home Naturally Cool and Warm Out Change in Seasons
Vinra Construction is a private limited company registered under the ROC. The management has an experience of over 15 years of understanding the needs and delivering apt solutions to the end users We are providing turnkey solutions in construction fields. like Construction, Interior Designing Facility Management, Plantation Management, etc..
Vinra Construction Tech Enabled Company for Eco-Friendly Home Construction
Contact With Vinra for a Greener Future >>> Call us @ 888 4898 765
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.
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
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.
It is worth seeing both inside and outside with heart-warming cafes, tasty restaurants and elegant stores… And it is ready to offer a vivacious social life with a warm and cozy space design.
A folding swimming pool and indoor swimming pools, playgrounds, Turkish bath, sauna… It has them all. Everything you need for your well-being and for having a pleasant time will be at your service. You simply need to align the rhythm of life with the rhythm of Referans Bahcesehir.
https://listingturkey.com/property/referans-bahcesehir/
Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szet...Volition Properties
=== Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szeto) ===
Ever been curious about Real Estate Investing in the US?? At Volition, for the past 14 years, we have been focused on helping investors invest in over $250M of real estate and generate $100M of wealth in the Toronto market, but we are always open to learning more about other business models and learning from other investors.
The US has always been an intriguing market to invest in. But the US is a big place… if you’re interested in investing in the US, you probably have a lot of questions, like:
☑️ Specifically WHERE should you invest?
☑️ What are the best markets to invest in and why?
☑️ How much are property prices there?
☑️ What are the returns like?
☑️ What is cashflow like?
☑️ Compared to investing in Toronto or other cities in Ontario, what are the benefits / tradeoffs?
☑️ What ownership structure should I use?
☑️ What are the tax implications?
☑️ Can I get financing?
☑️ What are tenants like?
Enter Erwin Szeto, a longtime friend of Volition. Since 2005, Erwin Szeto and his team have navigated the challenging landscape of being landlords in Ontario. Now, they are shifting their focus and guiding their clients' investments toward the more landlord-friendly environment of the USA. This decision comes after assisting Canadian clients in transacting over $440,000,000 in income properties. Faced with issues like affordability constraints, tenant-friendly laws, rent control, and rental licensing in Canada, Erwin sees a clear opportunity in the U.S. Here, there is a significant influx of investments leading to the creation of high-paying manufacturing jobs. Erwin and his clients are poised to capitalize on these opportunities where landlord rights are stronger and there is no rent control.
To facilitate this transition, Erwin has partnered with and become a client of SHARE, a one-stop-shop U.S. Asset Manager. Founded by Canadians for Canadians, SHARE enables as passive an ownership experience as possible for landlords in the U.S., while still maintaining direct, 100% ownership.
Erwin is “Making Real Estate Investing Great Again”!!
Website: https://www.infinitywealth.ca/
Facebook: https://www.facebook.com/iwinrealestate and https://www.facebook.com/ErwinSzetoOfficial
Podcast: https://www.truthaboutrealestateinvesting.ca/
Instagram: https://www.instagram.com/iwinrealestate/ and https://www.instagram.com/erwinszeto/
Rixos Tersane Istanbul Residences Brochure_May2024_ENG.pdfListing Turkey
Tersane Suites Residences is a luxurious real estate project located in the heart of Istanbul, next to the beautiful Golden Horn. This unique development offers hotel concept residences with Rixos management, making it the perfect choice for both homeowners and investors.
The Tersane Suites Residences offers a wide range of options, from studio apartments to spacious four-bedroom units, all designed to the highest standard. The suites are finished with high-quality materials and feature modern, open-plan living spaces, fully-equipped kitchens, and large balconies with stunning views of the city and sea.
One of the standout features of Tersane Suites Residences is the Rixos management, which provides a truly exclusive and upscale living experience. Residents will have access to a range of luxury amenities, including a fitness center, spa, and indoor and outdoor swimming pools. Plus, the on-site restaurants and cafes provide a taste of the local and international cuisine.
The Tersane Suites Residences also offers a great opportunity for investors, as it provides a rental guarantee program. This means that investors can enjoy a steady income stream, with the peace of mind that their property is being managed by a reputable and experienced team.
The location of Tersane Suites Residences is also unbeatable, with easy access to the city’s main transportation links and within close proximity to the historic center, making it the perfect base for exploring all that Istanbul has to offer.
One FNG by Group 108 Sector 142 Noida Construction UpdateOne FNG
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1. U.S. office sector posts highest
quarterly absorption of the recovery
United States Office Review Q2 2014
2. Rents are running away from tenants in
urbanized quality cores with level of increase
expected to escalate due to capital demand
(investment sales) having just as big of an
impact on rent growth over the next 24 months
as leasing demand due to increasingly bullish
underwriting projections from sales /
refinancings.
3. Fundamentals are tightening across markets, particularly
absorption and development
2
Source: JLL Research
Leasing activity
• Q2 posted 61.9 million square feet of leasing activity.
• Leasing levels up 6.2 percent from Q1 2014.
• Compared to Q2 2013, leasing volume is up 0.2 percent.
Absorption
• Absorption levels increase, resulting in the 17th consecutive quarter of occupancy growth.
• The 13.9 million square feet of net absorption during Q2 represents the highest quarterly occupancy growth
during this cycle so far.
• This quarter’s biggest contributors to absorption were New York, Boston, Houston, Chicago, Philadelphia
Seattle, Los Angeles and San Francisco.
Vacancy
• Vacancy dropped by 30 basis points to a recovery low of 16.3 percent. This comes after two quarters at 16.6
percent.
• Both CBDs and suburbs played a role in this decline, falling to 13.7 percent and 18.0 percent, respectively.
Rents
• Despite improved market conditions, asking rents declined by 0.7 percent to $30.00 per square foot. This was
mostly the result of blocks of quality Class A space being taken off the market in many markets, compounded
with falling rents and elevated vacancy in Washington, DC.
• In supply-constrained CBDs, this was more pronounced, as rents fell by 1.0 percent. In the suburbs, asking
rents increased slightly to $24.23 per square foot.
Construction
• YTD construction starts have totaled almost 21.0 million square feet. This is nearly equal to all starts posted in
2013.
• Although Houston remains the leader in construction, 18 markets registered more than 1.0 million square feet
as volumes have jumped by 38.4 percent to 65.4 million square feet nationally.
4. Nearly half of all markets (49.0 percent) reported an increase in
leasing activity in Q2 compared to Q1
3
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2011 2012 2013 2014
Up Neutral Down
Source: JLL Research
5. In turn, leasing volumes rose by 6.2 percent to 61.9 million
square feet after two consecutive quarters of declines
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
Leasingactivity(s.f.)
Source: JLL Research
6. While 0.2 percent higher than Q2 2013 leasing activity, this was
slightly below the Q2 average since 2007
5
62,856,296
62,499,312
54,446,297
66,724,307
67,948,333
63,411,335
61,762,387
61,906,383
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
Q2 2007
Q2 2008
Q2 2009
Q2 2010
Q2 2011
Q2 2012
Q2 2013
Q2 2014
Leasing activity (s.f.)
Source: JLL Research
7. Outside of top markets, leasing activity relatively even across
geographies, similar to previous quarters
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
9,000,000
10,000,000
NewYork
Chicago
Washington,DC
LosAngeles
Boston
Philadelphia
Dallas
SanFrancisco
OrangeCounty
NewJersey
Denver
SanDiego
Seattle
Phoenix
SiliconValley
Houston
Minneapolis
Portland
St.Louis
FairfieldCounty
Austin
Charlotte
Detroit
Baltimore
Oakland-EastBay
Indianapolis
Miami
Pittsburgh
SanFranciscoPeninsula
Atlanta
Sacramento
KansasCity
Tampa
Cincinnati
HamptonRoads
Cleveland
Columbus
Raleigh-Durham
Orlando
WestchesterCounty
Jacksonville
FortLauderdale
WestPalmBeach
Milwaukee
LongIsland
SaltLakeCity
SanAntonio
Richmond
Leasingactivity(s.f.)
Source: JLL Research
38.9% 20.6% 40.5%
8. Q2 represents highest quarterly absorption throughout the
recovery so far (13.9 million square feet)
7
-1.0%
-0.5%
0.0%
0.5%
1.0%
1.5%
2008 2009 2010 2011 2012 2013 2014
Quarterlynetabsorption(as%ofinventory)
Source: JLL Research
15-year trailing annual average
9. As a result, YTD absorption represents roughly 56.4 percent of
last year’s occupancy gains
8
-4.0%
-3.0%
-2.0%
-1.0%
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
YTDnetabsorption(as%ofinventory)
Source: JLL Research
15-year trailing
annual average
10. Class A space, both in CBDs and suburbs, continues to lead the
way in take-up of space
9
-10,000,000
-5,000,000
0
5,000,000
10,000,000
15,000,000
2010 2011 2012 2013 2014
Quarterlynetabsorption(s.f.)
Class A (CBD) Class A (suburban)
Class B (CBD) Class B (suburban)
Class C (CBD) Class C (suburban)
Source: JLL Research
11. Although tech and energy continue to make strong gains in
absolute terms, their share of absorption is decreasing as the
recovery gains momentum elsewhere
10
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
5.1%
33.5%
19.0%
18.4%
23.9%
2012
11.1%
21.6%
22.3%
18.6%
26.4%
2013
7.5%
25.2%
16.7%
24.6%
26.0%
2014
12. Only nine markets have experienced a net loss of occupancy
YTD, of which less than half are more than -200,000 square feet
11
-1,000,000
-500,000
0
500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
NewYork
Houston
Atlanta
Boston
SiliconValley
LosAngeles
Phoenix
Denver
Chicago
Seattle-Bellevue
Baltimore
Dallas
OrangeCounty
SanFrancisco
Charlotte
Portland
Detroit
Miami
Philadelphia
St.Louis
SaltLakeCity
Milwaukee
Raleigh-Durham
WestPalmBeach
Cincinnati
FortLauderdale
FairfieldCounty
SanFranciscoPeninsula
LongIsland
KansasCity
Minneapolis
Austin
Sacramento
Columbus
Indianapolis
Cleveland
SanDiego
HamptonRoads
Oakland-EastBay
Jacksonville
SanAntonio
TampaBay
WestchesterCounty
Pittsburgh
Richmond
Orlando
NewJersey
Washington,DC
YTDnetabsorption(s.f.)
Source: JLL Research
13. Energy, tech and Sunbelt markets all posting above-average
absorption; Sunbelt surpassing energy in some cases
12
0.5%
1.0%
1.4%
1.0%
0.9%
1.0%
0.9%
2.1%
1.3%
1.4%
1.3%
0.7%
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
YTDnetabsorption(s.f.)
Source: JLL Research
Energy Tech Sunbelt
U.S. average
14. Gains in NYC, Boston and much of the Sunbelt push up East
Coast to top share of absorption during Q2
13
-100%
-80%
-60%
-40%
-20%
0%
20%
40%
60%
80%
100%
2010 2011 2012 2013 2014
Shareofquarterlynetabsorption
East Coast Central West Coast
Source: JLL Research
15. Even though Atlanta and South Florida are nearing 2013
absorption levels already, rest of the East Coast is catching up
14
Source: JLL Research
-10,000,000
-5,000,000
0
5,000,000
10,000,000
15,000,000
20,000,000
2010 2011 2012 2013 2014
Netabsorption(s.f.)
Atlanta South Florida Rest of the East Coast
16. -3,000,000
-2,000,000
-1,000,000
0
1,000,000
2,000,000
3,000,000
4,000,000
2010 2011 2012 2013 2014
Netabsorption(s.f.)
Atlanta Chicago Los Angeles Miami Philadelphia Phoenix
Diversified markets hit another recovery high with 3.1 million
square feet of occupancy gains, this quarter led by Chicago
15
Source: JLL Research
Atlanta and Phoenix have
absorbed a combined 13.0
million square feet since
2010, or 65.1 percent of
cumulative total.
17. Quarterly Class B absorption over the past four quarters is taking
place 3.4x faster than from 2010 to Q2 2013…
16
Source: JLL Research
10,975,302
10,604,042
0
2,000,000
4,000,000
6,000,000
8,000,000
10,000,000
12,000,000
2010-Q2 2013 Past four quarters
ClassBnetabsorption(s.f.)
783,950 s.f. per quarter 2,651,011 s.f. per quarter
18. …although 5.8x as much Trophy and Class A space has been
absorbed than B and C during the same time period
17
Source: JLL Research
Trophy and Class A
net absorption
118.4
m.s.f.2010-2014
Class B and C net
absorption
20.5
m.s.f.2011-2014
19. Class A space saw its highest share of quarterly absorption this
quarter since Q2 2012
18
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%
0.0%
50.0%
100.0%
150.0%
200.0%
250.0%
300.0%
350.0%
2011 2012 2013 2014
ClassAshareofquarterlyabsorption
Source: JLL Research
20. At the same time, all total net absorption took place in Class A
space during Q2
19
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%
0.0%
20.0%
40.0%
60.0%
80.0%
100.0%
120.0%
140.0%
160.0%
180.0%
2011 2012 2013 2014
ClassAshareofquarterlyabsorption
Source: JLL Research
21. Although higher than in Q1 2014, suburbs display the opposite,
trend, with only two-thirds of absorption in Class A space in Q2
20
116.9%
97.9%
62.3%
75.1%
167.8%
102.5%
84.3% 85.3%
43.2%
73.4% 72.8% 70.3%
61.1%
67.6%
0.0%
20.0%
40.0%
60.0%
80.0%
100.0%
120.0%
140.0%
160.0%
180.0%
2011 2012 2013 2014
ClassAshareofquarterlyabsorption
Source: JLL Research
22. Limited Class A options, particularly for larger tenants, have
boosted YTD Class B absorption in certain CBDs
21
2.7%
2.3%
2.2%
2.1%
1.8%
1.5%
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
3.0%
Milwaukee Oakland CBD Greenwich CBD Atlanta Phoenix Silicon Valley CBD
YTDCBDClassBnetabsorption(%ofinventory)
Source: JLL Research
U.S. average
23. Still, Class A continues to trump Class B according to most
indicators
22
Source: JLL Research
of absorbed space in 2014
has been Class A
per square foot difference
between Class A and B space…
rate at which Class A rates are growing
compared to Class B year-on-year
difference between Class A and
Class B total vacancy
24. Due to high levels of take-up, total vacancy fell by 579,661
square feet over the quarter to 16.3 percent, or 30 basis points
23
15.0%
15.5%
16.0%
16.5%
17.0%
17.5%
18.0%
18.5%
19.0%
2009 2010 2011 2012 2013 2014
Totalvacancy(%)
Source: JLL Research
26. Total vacancy is stable or declining in all segments of the market;
CBD Class A experiences largest drop (-50 basis points)
25
10.0%
12.0%
14.0%
16.0%
18.0%
20.0%
22.0%
2010 2011 2012 2013 2014
Totalvacancy(%)
Class A (CBD) Class A (suburban) Class B (CBD)
Class B (suburban) Class C (CBD) Class C (suburban)
Source: JLL Research
27. Industry Real estate footprint Most affected markets
State government Contracting California, Illinois, New Jersey
Federal government Contracting Washington, DC
Media/print Contracting LA, NYC
Finance/banking Contracting NYC, Charlotte, Chicago, Palm Beach, Pittsburgh
Law firms Contracting (rightsizing) Washington, DC, NYC, SF, Atlanta, LA
Consulting Contracting (rightsizing) NYC, Chicago, Washington, DC
Accounting Contracting (rightsizing) Chicago, NYC, LA
Telecom Stable NJ, Dallas, Atlanta
Retail/consumer goods Stable NYC, Atlanta, Los Angeles
Education Growing Everywhere
Media (digital and TV) Growing Atlanta, NYC, LA, Philadelphia, Washington, DC
Green energy/clean technology Growing Pittsburgh, Silicon Valley, Denver
Real estate (residential) Growing Southern CA, Nevada, AZ, FL, GA, Carolinas
Technology Growing Silicon Valley, San Francisco, Austin, Seattle, Portland,
Midtown South NYC, Cambridge, MA
Shared office space providers / co-working
spaces Growing All markets particularly coastal markets and Chicago
Natural gas/oil/energy Growing Denver, Houston, Dallas, Pittsburgh
Biotech/pharmaceutical Growing San Francisco, San Diego, NJ/Phil, Boston, RDU
Office growth being driven by atypical tenant industries
26
Source: JLL Research
28. Demographics and technology are driving productivity and
utilization and the next evolution of office space use
27
Source: JLL Research
15%
space reduction by
U.S. law firms and
financial services
relocating
72%
of global CREs plan
to aggressively
increase density in
next 3 years
150
Square-foot-per-
employee average
target density, down
from 225 in 2009
50%
of the U.S.
workforce was
baby boomers in
2010. Gen Y will
be 50% by 2020
29. Many of these changes show stark pre- and post-recession
contrasts
28
Source: JLL Research
Floor plates
Floor plates are up
from 25,000
square feet before
the recession to
60,000 square
feet.
Personal space
Before the
recession,
employees had
around 300 s.f. per
person; now they
have 200 s.f.
Interaction
Employees have
gone from rarely
running into others
to a nine-in-ten
change of bumping
into a coworker.
Building features
Aesthetic and
building features
such as increased
roof heights and
floor-to-ceiling
windows are “in.”
30. And, as a result, law firms are shifting
29
Source: JLL Research
15.2%
Giveback by law firm
across the U.S. when
relocating
20.5%
Giveback by law firm
across the top seven U.S.
markets when relocating
24.7%
Giveback by law firm
across DC when
relocating
• Going digital
• Elimination of law libraries
• One-sized fits all office
• Higher administrative ratios
• Migration to glass boxes
• Migration to long and lean
• Migration to smaller floorplates
31. Consulting and accounting are shifting
30
Source: JLL Research
25.0%
Giveback by consulting
firms across the U.S.
when relocating
225 s.f.
Average space per
consultant in
years past
90 s.f.
Average space per
consultant in the most
efficient firms today
• Benching
• Work flexibly and client officing
• Offices gone, collaboration rooms in
• Increasingly looking at new
construction to meet efficiency
standards
• Industry giving back most space
32. Technology companies are shifting
31
Source: JLL Research
22.0%
Percent increase in
high-tech service jobs
since 2009
13.6%
Total vacancy in core tech
markets, compared to 16.3
percent nation-wide
2.2%
Growth in
core tech market
rents in 2014
• Benching is standard
• Less personal space, more shared
and amenity space
• “Open hangar” design preferred
• Migration to Class B+ with
character
• Space viewed as core to culture
• Remote work is waning
33. Banks are shifting
32
Source: JLL Research
10.1%
Give-back by average bank
across the U.S. when
renewing (flat headcount)
86.0%
Percent of banking
transactions that no
longer need a teller
66.0%
Percent of surveyed
banks planning to
reduce CRE footprint
• Regulation and cost pressures
forcing portfolio consolidation
• Offices shrinking
• Business units competing
• Branch reductions common
• Increasing importance of back
office (second- and third-tier
markets)
• Remote working increasing
34. Even the federal government is shifting
33
Source: JLL Research
170 s.f.
Target utilization rate per
employee for federally
leased space
$1.7 billion
Amount spent annually
by the GSA for properties
deemed underutilized
15.9%
Average give-back by
GSA across Metro DC
in FY 2013
• Telecommuting
• Benching
• Co-locations
• Minimal funds to implement
• Consolidations in low cost
buildings/submarkets
• Migration to off-center locations
• Disposition of underutilized
assets.
35. As office-using employment increases by 199,000 net new jobs,
vacancy declines to 16.3 percent
34
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
2011 2012 2013 2014
Totalvacancy(%)
Office-usingemployment(thousands)
Office-using employment (thousands) Total vacancy (%)
Source: JLL Research
36. CBD and suburban vacancy both inch downward, this quarter to
13.7 percent and 18.0 percent, respectively
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. Following declines in total and direct vacancy, sublease space
falls to 53.7 million square feet, or 1.3 percent quarter-on-quarter
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
Subleasespace(s.f.)
Source: JLL Research
38. After 13 consecutive quarters of growth, rents decline slightly
due to Class A space removals and drops in Washington, DC and
Downtown Manhattan
37
-6.0%
-4.0%
-2.0%
0.0%
2.0%
4.0%
6.0%
2008 2009 2010 2011 2012 2013 2014
Quarterlyrentgrowth(%)
Source: JLL Research
39. Year-on-year, rents are still rising faster than before, up 2.7 and
1.7 percent for Class A and B space, respectively
38
$15.00
$20.00
$25.00
$30.00
$35.00
$40.00
$45.00
$50.00
2010 2011 2012 2013 2014
Averageaskingrents($p.s.f.)
Class A (CBD) Class A (suburban) Class B (CBD)
Class B (suburban) Class C (CBD) Class C (suburban)
Source: JLL Research
40. U.S. office market continues to move along the clock as fewer
available options exist for tenants, spurring development
Peaking
phase
Falling
phase
Rising
phase
Bottoming
phase
Atlanta, Indianapolis, Jacksonville
Los Angeles, Salt Lake City, Tampa, United States
Miami, Milwaukee, Oakland-East Bay,
Philadelphia, Raleigh-Durham, Richmond, San Diego
Columbus, Long Island, Orlando,
Washington, DC
Dallas, San Francisco Peninsula
Charlotte, Chicago, Cincinnati, Fairfield County, Fort
Lauderdale, San Antonio, St. Louis, Westchester County
Houston, San Francisco, Silicon Valley
West Palm Beach
Cleveland, Minneapolis, Orange County, Phoenix
New Jersey
Baltimore, Detroit, Hampton Roads, Kansas City,
Sacramento
New York, Portland
Austin, Pittsburgh, Seattle-Bellevue
Boston, Denver
Source: JLL Research
41. Peaking
phase
Falling
phase
Rising
phase
Bottoming
phase
CBDs remain in the lead, with falling vacancy pushing rents in
cores of San Francisco, Houston and Portland up 4.0 percent
Atlanta, Jacksonville, Philadelphia
Boston, New York (Midtown), Tampa,
United States
Seattle, Miami
Charlotte, Dallas, Fort Lauderdale, Los Angeles,
Milwaukee, Orlando, Westchester County
Austin, Houston
Baltimore, Sacramento,
West Palm Beach
Kansas City, New York (Downtown),
Phoenix, Richmond, San Antonio
Fairfield County, Indianapolis, Minneapolis
Columbus, San Diego,
Washington, DC
Pittsburgh, Portland, San Jose CBD
Chicago, Cleveland,
Oakland CBD, Raleigh-Durham
New York (Midtown South), San Francisco
Denver
Cincinnati, Detroit
Salt Lake City
St. Louis
Source: JLL Research
42. Peaking
phase
Falling
phase
Rising
phase
Bottoming
phase
The suburbs are also on the rise, having witnessed quarterly rent
growth of 3.6 percent year-on-year
Cleveland, Jacksonville, Long Island (Nassau),
Milwaukee, Orange County, Portland, St. Louis,
United States
Denver, Indianapolis, Tampa
Chicago, Detroit, Miami,
Northern Delaware
Long Island (Suffolk)
Dallas, Silicon Valley
Atlanta, Baltimore, Bellevue (non-CBD), Boston,
East Bay, Lehigh Valley, Philadelphia, San Diego, Seattle
Houston, San Francisco (non-CBD)
Northern and Central New Jersey,
Northern Virginia, Orlando,
Suburban Maryland, West Palm BeachCincinnati, Fairfield County, Hampton Roads (South), Minneapolis,
Oakland Suburbs, Sacramento, San Antonio, Westchester County
Cambridge, San Francisco Peninsula
Charlotte, Fort Lauderdale, Hampton Roads
(Peninsula), Kansas City, Raleigh-Durham
Phoenix, Richmond, Salt Lake City
Austin, Los Angeles
Pittsburgh
Bellevue CBD
Southern New Jersey
Source: JLL Research
43. After spiking, CBD rents fall due to removals of quality space;
suburban rents on the up quarterly and are more stable
42
-4.0%
-3.0%
-2.0%
-1.0%
0.0%
1.0%
2.0%
3.0%
4.0%
2011 2012 2013 2014
Quarterlyrentgrowth(%)
CBD rent growth Suburban rent growth
Source: JLL Research
CBD average: 0.9%
Suburban average: 0.2%
44. As a result of drops in CBDs due to removals and steady
improvement in the suburbs, the gap has narrowed by $0.27 per
square foot
43
$20.00
$25.00
$30.00
$35.00
$40.00
$45.00
2010 2011 2012 2013 2014
Averageaskingrent($p.s.f)
CBD Suburbs
Source: JLL Research
$11.36
$15.59
45. A similar trend has emerged regarding the Class A premium vs.
overall rents, which is down $0.05 per square foot to $4.97 per
square foot compared to Q1
44
$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
$3.00
$3.50
$4.00
$4.50
$5.00
$5.50
2010 2011 2012 2013 2014
ClassApremium($p.s.f.)
Source: JLL Research
46. After jumping up earlier in the year, concessions have flatlined of
late
45
3.5
4.1
5.1
6.1 6.2
5.7
5.5
5.3 5.3
$23.00
$24.00
$25.00
$26.00
$27.00
$28.00
$29.00
$30.00
$31.00
0.0
1.0
2.0
3.0
4.0
5.0
6.0
7.0
2006 2007 2008 2009 2010 2011 2012 2013 2014
TIallowance($p.s.f.)
Freemonthsofrent
Free months of rent TI allowance ($ p.s.f.)
Source: JLL Research
47. New supply coming to market is slowly increasing, but still well
below historic norms
46
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
Completions(s.f.)
Source: JLL Research
Average annual completions
48. The vast majority of new completions are Class A, the majority
of which is arriving in suburban markets rather than CBDs
47
0
5,000,000
10,000,000
15,000,000
20,000,000
25,000,000
2010 2011 2012 2013 YTD 2014
YTDcompletions(s.f.)
Class A (CBD) Class A (suburban) Class B (CBD)
Class B (suburban) Class C (CBD) Class C (suburban)
Source: JLL Research
49. Construction volumes jumped 38.4 percent compared to YE
2013, led by Houston
48
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
Underconstruction(s.f.)
Source: JLL Research
50. The majority of new construction is now in suburbs rather than
CBDs and the share continues to grow thanks to Silicon Valley,
Dallas, Austin and Houston, in particular
49
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2010 2011 2012 2013 2014
Shareofconstruction
CBD Suburbs
Source: JLL Research
51. 35.3 percent of markets reported an increase in construction starts
over the quarter…
50
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2011 2012 2013 2014
Up Neutral Down
Source: JLL Research
52. …resulting in almost 21.0 million square feet of starts during the
first half of the year, nearly equivalent to all of 2013’s starts
51
11,843,789
18,490,244
17,558,896
22,251,850
20,986,559
0
5,000,000
10,000,000
15,000,000
20,000,000
25,000,000
2010 2011 2012 2013 YTD 2014
Constructionstarts(s.f.)
Source: JLL Research
53. Houston once again leads construction starts, with Silicon Valley
and Washington, DC close behind
52
2,545,988
1,982,305
1,579,746
743,205
648,170
358,000 321,000
247,836 242,969 188,968
118,000 100,000 60,000 32,000
0
500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
Constructionstarts(s.f.)
Source: JLL Research
54. Strong preleasing activity is helping new developments go ahead,
but is also reducing the ability to ease supply constraints
53
Source: JLL Research
San Francisco: 65.0%
Washington, DC: 44.0%
New York: 54.6%
Chicago: 41.8%
Atlanta: 55.0%
Houston: 55.5%
Seattle: 65.0%
55. Most landlords and investors of U.S. office
product are optimistic about the recovery
across most markets, but more pessimistic in
terms of placing all of their capital allocations
ahead. Already challenges have developed for
capital allocation in many coastal gateways
and we are seeing the same yield compression
and broader buyer pool develop in more
adjusted risk-adjustment segments too recently.