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: 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 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
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. 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.
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 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
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. 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.
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.
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.
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.
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
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.
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.
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
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.
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.
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.
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
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.
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.
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
JLL Detroit Industrial Insight & Statistics - Q3 2016Harrison West
Metro Detroit’s industrial absorption has driven down vacancy numbers and left the region with a lack of space for tenants to move into, especially in regards to Class A properties.
Atlanta's office market rebounded
in the fourth quarter of 2018 after
two consecutive quarters of negative
absorption. Leasing activity well ahead
of 2017's pace allowed the market to
record the second strongest quarter of
absorption since 2015. As the market
moves in a positive direction, vacancy
rates will continue to decline while rental
rates increase at a faster pace.
Leasing volume has been stuck in neutral for several quarters. Nevertheless, activity in the Midtown, Central Perimeter, North Fulton and Northwest remains steady with corporate relocations boosting demand as well.
Construction costs continue to grow nationwide, and many landlords are looking to redevelop existing stock in major markets.
Tenant improvements (TIs) are also gaining momentum, and office landlords are competing for by offering more attractive TI packages. These offerings allow tenants to customize interiors without paying for a full redesign out of pocket, and are a key piece of lease negotiations. The average TI allowance nationwide is $30.00 per square foot, and just over $50.00 per square foot in CBDs.
Jll commercial real estate market report toronto 2014Chris Fyvie
office space toronto, toronto office space, office search toronto, office space in toronto, office rentals toronto, commercial office space, commercial real estate toronto, office rent toronto, toronto offices for lease
-U.S. Office Market Was Driven by the Tech
Sector in the Fourth Quarter of 2018
-Absorption exceeds construction completions, vacancy
declines and the pipeline grows
-Tech markets tighten
-Rents rise, but the pace slows:
JLL September 2015 Baltimore Employment UpdatePatrick Latimer
Baltimore’s steady economic recovery continued in September as payrolls grew by 2.1 percent compared to the previous year and the unemployment rate edged downwards to 5.3 percent.
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.
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/
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.
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
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.
Dynamics 365 Bid Management for Construction ProjectsDynamic Netsoft
This PDF provides a straightforward guide to using Dynamics 365 for efficient bid management in construction projects. Learn how to streamline processes, improve accuracy, and enhance productivity with practical tips and step-by-step instructions.
https://dnetsoft.com/dynamics-365-bid-management-software
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/
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.
Total Environment Tangled Up In The Green - Residential Plots Where Nature an...JagadishKR1
Embark on a journey where lush landscapes and contemporary living converge at Total Environment's Tangled Up In The Green Residential Plots in Devanahalli, Bangalore. Surrounded by verdant expanses, these plots offer an idyllic setting for your dream home. Immerse yourself in the serenity of nature while enjoying the finest amenities and design, where every moment is a harmonious blend of luxury and tranquility.
Discover Yeni Eyup Evleri 2, nestled among the rising values of Eyupsultan, offering the epitome of modern living in Istanbul.
With its spacious living areas, contemporary architecture, and meticulous details, Yeni Eyup Evleri 2 is poised to be the star of your happiest moments. Situated in the new favorite district of Eyupsultan, claim your spot and unlock the doors to a peaceful life alongside your loved ones. Nestled next to the historical and natural beauties of Eyupsultan, embrace the comfort of modern living and rediscover life.
Social Amenities:
Yeni Eyup 2 offers a life filled with joy with its green landscaping areas, gym, sauna, children’s play areas, café, outdoor pool, and basketball court. Reserve your place for unforgettable moments!
Reliable Structure:
With 1+1, 2+1, and 3+1 apartment options, Yeni Eyup Evleri 2 is designed with first-class materials and craftsmanship. The doors to a safe and comfortable life are here! Choose the option that suits you best and step into your dream home.
Project:
Yeni Eyup 2 is conveniently located, with Istanbul Airport just 26 minutes away, the Mecidiyeköy Metro Line 4 minutes away, and the Tram Stop 5 minutes away, making your life easier with its central location.
Location:
Your home is positioned in a privileged location, providing easy access to the city center, shopping malls, restaurants, schools, and other important places.
Yeni Eyup 2 offers 1+1, 2+1, and 3+1 apartment options designed to meet different needs. Find an option suitable for every lifestyle and open the doors to a comfortable life in your dream home.
https://listingturkey.com/property/yeni-eyup-evleri-2/
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.
Serviced Apartment Ho Chi Minh For RentalGVRenting
GVRenting is the leading rental real estate company in Vietnam. We help you to find a serviced apartment for rent in Ho Chi Minh & Saigon. Discover our broad range of rental properties in Vietnam.
For more details https://gvrenting.com/
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..
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Revenue Keys- Begur Village Survey-Sketchrevenuekeys
Find Land Survey Number View A Begur village Begur Hobli Bangalore The Revenue Department of Karnataka By The Survey Sketch Made Citizen Simple Easy to Find Survey Number,s
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.
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2. The increase in corporate profitability and
economic growth will continue to result in
headcount increases and expansionary leasing
activity across markets. As a result, the rate of
absorption will likely reach 2.0 percent of total
inventory in 2015, a 25 percent increase from
2014 levels.
3. Fundamentals are tightening across markets, particularly
absorption, fueling new development
2
Source: JLL Research
Leasing activity
• Leasing activity declined by 10.2 percent overall in the fourth quarter as a result of quarterly declines in 50.0
percent of markets that JLL tracks. Leasing activity, yet, was up in the large-block segment (20K and >) and is
expected to pick up again in 2015 as employment gains continue to surpass pre-recession employment totals
and rightsizing is showing signs of plateauing.
Absorption
• Net absorption in the fourth quarter was the highest on record since the recession at 16.8 million square feet
and 54.7 million square feet in 2014. This is nearly four times the amount recorded at year-end 2010 and 37
percent higher than 2013. At year-end, New York, Houston and Chicago alone contributed to more than 30
percent of total net absorption for 2014.
Vacancy
• With absorption at a post-recession high, vacancy is at its lowest point in the cycle at 15.6 percent with New
York, San Francisco, Portland and Salt Lake City all at 10.0 percent vacancy or less. As tenants plan for further
expansion in 2015, vacancy is expected to decline further, especially in Class A segments and CBDs.
Rents
• Rent growth was relatively flat across markets in the fourth quarter, but saw more significant growth in the Class
A and B segments of suburban markets, largely a result of greater expansionary activity as vacancy rates in
CBDs tighten.
Construction
• Construction activity increased by 12.2 percent from the third to fourth quarter with nearly 80 million square feet
under construction at year-end, 77.8 percent of which is speculative. Only 10 markets tracked by JLL are
without construction activity while markets like Houston, Silicon Valley, Austin and San Francisco (energy and
tech) continue to top lead in terms of construction as a percent of total inventory.
5. Following several quarters of strong leasing activity, Q4 posted
lower results
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. Slowdowns in New York, San Francisco, Chicago and Boston
pushed year-end totals 5.2 percent below 2013 activity
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
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
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
NewYork
Washington,DC
Boston
Dallas
LosAngeles
Chicago
NewJersey
Denver
OrangeCounty
SanFrancisco
SiliconValley
Atlanta
Philadelphia
Seattle
SanDiego
Houston
Oakland-EastBay
Austin
Phoenix
Minneapolis
Detroit
Portland
Baltimore
Pittsburgh
Charlotte
St.Louis
FairfieldCounty
Indianapolis
Milwaukee
Cincinnati
Cleveland
WestPalmBeach
Tampa
Sacramento
Miami
Columbus
FortLauderdale
Orlando
SanFranciscoPeninsula
Raleigh-Durham
SaltLakeCity
WestchesterCounty
LongIsland
HamptonRoads
SanAntonio
Jacksonville
Richmond
Leasingactivity(s.f.)
Source: JLL Research
41.8% 20.4% 37.8%
8. 7
29.3 MSF
total square feet leased in Q4 in
transactions 20,000 s.f. or larger
101
average term in months
48% / 11% / 37%
of tenants are growing / shrinking / stable
(respectively)
52% / 48%
urban / suburban breakdown
of Q4 volume
Large-block leasing activity increased by 3.5 percent compared
to Q3
Source: JLL Research
9. 8
54% of total leasing activity over 20,000 s.f.
46% of tenants are growing
16% of tenants are shrinking
23 companies were ‘new to market’
Banking, finance, and insurance generated the
most activity at 3.3MSF leased
Technology followed, leasing 2.8MSF
46% of total leasing activity over 20,000 s.f.
51% of tenants are growing
6% of tenants are shrinking
14 companies were ‘new to market’
Technology generated the most activity at 3.6MSF
leased
Banking, finance, and insurance followed, leasing
1.8MSF
Companies that ignored the debate all together in Q4?
WeWork and Regus
Traditional industries, such as finance, continue to dominate core
leasing activity; tech’s campus preference make it lead suburbs
Source: JLL Research
10. 9
Urban Suburban Total metro
397,525
412,940
447,220
584,063
717,839
754,502
939,491
1,147,817
2,016,105
3,952,458
0 5,000,000
Minneapolis
Atlanta
Houston
Boston
San Francisco
Seattle-Bellevue
Chicago
New Jersey
Washington, DC
New York
450,791
454,524
465,752
498,688
519,785
636,858
809,550
894,578
1,096,835
2,546,429
- 5,000,000
Charlotte
Northern Virginia
San Francisco
Peninsula
Atlanta
Dallas
Oakland-East Bay
Philadelphia
Los Angeles
Orange County
Silicon Valley
878,203
911,628
1,023,561
1,096,835
1,161,837
1,288,716
1,558,642
2,016,105
2,566,775
3,952,458
- 5,000,000
Boston
Atlanta
Los Angeles
Orange County
Philadelphia
Chicago
New Jersey
Washington, DC
Silicon Valley
New York
New York and Silicon Valley lead large-block leasing volume
across markets
Source: JLL Research
11. 10
However, large leasing is taking place throughout the United
States, with a focus on gateway markets
Seattle CBD
Zillow: 155,000 s.f.
Pleasanton North (East Bay)
Workday: 151,000 s.f.
Sunnyvale (Silicon Valley)
Google: 946,000 s.f.
North County (Orange County)
St. Joseph Heritage
Medical Group: 192,000 s.f.
Dallas CBD
Crosstex Energy: 158,000 s.f.
Minneapolis CBD
Seed Partners: 280,000 s.f.
West Loop (Chicago)
Hyatt: 229,000 s.f.
Hudson Waterfront (NJ)
ISO Insurance: 392,000 s.f.
Penn Plaza/Garment (NYC)
Amazon: 470,000 s.f.
Southwest (DC)
U.S. Dep’t of Education: 314,000 s.f.
Source: JLL Research
12. Month 00, 2014 11
Unknown
Creative
Consumer-oriented
Non-profit
Professional and business services
Finance
Scientific & technical
- 5,000,000 10,000,000 15,000,000
Unknown
Manufacturing & distribution
Retail & hospitality
Marketing, advertising,…
Media & entertainment
Association, non-profit, union
Education
Government
Accounting, consulting, research,…
Other professional and business…
Law firm
Real estate
Banking, finance, insurance
Aerospace, defense, transportation
Energy & utilities
Architecture, engineering,…
Life sciences
Telecom/Mobile
Healthcare
Technology
- 2,000,000 4,000,000 6,000,000
Leasing activity within the scientific and technical industry cluster… …dominated by technology companies, led activity in the fourth quarter
Tech and finance drove fourth-quarter leasing activity, with law,
health and life sciences also boosting volumes
Source: JLL Research
13. Month 00, 2014 12
199
83 50
83
39 44
17
0
50
100
150
200
250
-
1,000,000
2,000,000
3,000,000
4,000,000
5,000,000
6,000,000
7,000,000
Numberoftransactions(s.f.)
Leasingactivity(s.f.)
s.f. leased number of transactions
Leasing continues to be divided between large (100,000+) and
small (< 30,000) transactions, seeing new growth in middle
Source: JLL Research
14. 13
485,234
6,597,165
18,216,762
4,038,366
- 10,000,000 20,000,000
C
B
A
Trophy
41% of tenants signed leases
that represented growth in
Trophy buildings in Q4
Life sciences
Architecture, engineering,…
Real estate
Manufacturing & distribution
Government
Telecom/Mobile
Healthcare
Law firm
Banking, finance, insurance
Technology
- 2,000,000 4,000,000 6,000,000
Tenants continue to seek high quality space, even as rents rise in top
metros across the country
Within the Trophy segment, technology tenants leased the largest share
of space in Q4
Tenants continue to take up space in Class A buildings, although
dwindling space options are picking up Class B’s share
Source: JLL Research
15. 14
48%
of companies grew in Q4
11%
of companies shrunk in
Q4
37%
of companies were stable
in Q4
Technology
• 17.8% of companies
Banking, finance, insurance
• 7.1% of companies
Healthcare
• 3.6% of companies
Banking, finance, insurance
• 7.0% of companies
Technology
• 3.4% of companies
Government
• 3.3% of companies
Law firm
• 3.8% of companies
Banking, finance, insurance
• 1.9% of companies
Manufacturing & distribution
• 0.9% of companies
Nearly half of all companies grew during the quarter, while law
and finance remain flat
Source: JLL Research
17. After a recovery high in Q3, Q4 demonstrated even more gains in
occupancy, with 16.8 million square feet of net absorption
16
-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
18. As a percent of total inventory, YTD net absorption posts highest
level since 2007
17
-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
19. Absorption in CBD and Suburban Class A continued to mount in
2014, but Suburban markets maintain the lead
18
-10,000,000
-5,000,000
0
5,000,000
10,000,000
15,000,000
20,000,000
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
20. Quarterly Class B absorption over the past four quarters is taking
place 4x faster than from 2010 to Q3 2013…
19
Source: JLL Research
14,049,878
15,493,469
0
2,000,000
4,000,000
6,000,000
8,000,000
10,000,000
12,000,000
14,000,000
16,000,000
18,000,000
2010-Q3 2013 Past four quarters
ClassBnetabsorption(s.f.)
936,658 s.f. per quarter 3,873,367 s.f. per quarter
21. With demand for creative office space strengthening Class B in
many submarkets across the United States
20
9.6%
7.8%
5.9%
4.6%
3.7%
3.3%
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
Boston
(East Cambridge)
San Francisco
(SOMA)
Philadelphia
(The Navy Yard)
Chicago
(River West)
Portland
(Lloyd District)
New York
(Penn Plaza/Garment)
YTDCBDClassBnetabsorption(%ofinventory)
Source: JLL Research
U.S. average
22. Only four markets experienced a net loss of occupancy in 2014,
all of which were greater than -100,000 square feet
21
-2,000,000
0
2,000,000
4,000,000
6,000,000
8,000,000
10,000,000
NewYork
Houston
Chicago
Boston
Atlanta
Phoenix
SiliconValley
Dallas
LosAngeles
Seattle
SanFrancisco
OrangeCounty
Denver
Philadelphia
Raleigh/Durham
Charlotte
SanDiego
Baltimore
Minneapolis
Portland
Detroit
Miami
SaltLakeCity
SanFranciscoPeninsula
Austin
WestPalmBeach
TampaBay
Cincinnati
FortLauderdale
KansasCity
St.Louis
Columbus
Sacramento
Milwaukee
Oakland-EastBay
FairfieldCounty
Indianapolis
Richmond
Jacksonville
Cleveland
SanAntonio
Pittsburgh
Orlando
HamptonRoads
NewJersey
WestchesterCounty
LongIsland
Washington,DC
YTDnetabsorption(s.f.)
Source: JLL Research
YTD net occupancy losses amount to
1.0 million square feet
in Washington, DC
23. Diversification of absorption prominent heading into 2015: New
York, Florida, Atlanta and Philadelphia boost East Coast in Q4
22
-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
24. More than one-fifth of absorption took place outside a specialized
industry or geographic segment in 2014 as recovery broadens
23
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
25. Tech and Sunbelt markets all posting above-average absorption;
energy markets expected to slow in 2015
24
1.4%
1.6%
2.6%
1.5%
2.5%
2.4%
2.5%
3.6%
1.9%
2.4%
3.0%
2.8%
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
3.0%
3.5%
4.0%
YTDnetabsorption(s.f.)
Source: JLL Research
Energy Tech Sunbelt
U.S. average
26. Atlanta and South Florida maintain absorption levels as New
York, Boston, Philly and Carolinas boost East Coast gains
25
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
Netabsorption(s.f.)
Atlanta South Florida Rest of the East Coast
27. 4.6x as much Trophy and Class A space has been absorbed than
Class B and C during the same time period from 2010-2014
26
Source: JLL Research
Trophy and Class A
net absorption
140.2
m.s.f.2010-2014
Class B and C net
absorption
30.5
m.s.f.2011-2014
28. -4,000,000
-3,000,000
-2,000,000
-1,000,000
0
1,000,000
2,000,000
3,000,000
4,000,000
5,000,000
2010 2011 2012 2013 2014
Netabsorption(s.f.)
Atlanta Chicago Los Angeles Miami Philadelphia Phoenix
Diversified markets hit another recovery high with 3.8 million
square feet of occupancy gains this quarter, led by Chicago
27
Source: JLL Research
Atlanta and Phoenix have
absorbed a combined 14.7
million square feet since
2010, or 54.5 percent of
cumulative total.
29. Lack of available Class A space keeping absorption volume
steady quarter-over-quarter
28
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%
0.0%
50.0%
100.0%
150.0%
200.0%
250.0%
300.0%
350.0%
2011 2012 2013 2014
ClassAshareofquarterlyabsorption
Source: JLL Research
31. Absorption in Class A space maintains largest share, with CBDs
and suburbs nearly evenly split
30
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% 67.4% 66.8%
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
32. But demand for creative office space is strengthening Class B in
many submarkets across the United States
31
7.3%
5.9%
5.6%
4.7%
3.3%
2.6%
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
7.0%
8.0%
San Francisco
(SOMA)
Philadelphia
(The Navy Yard)
Boston
(East Cambridge)
Chicago
(River West)
Portland
(Lloyd District)
New York
(Penn Plaza/Garment)
YTDCBDClassBnetabsorption(%ofinventory)
Source: JLL Research
U.S. average
33. Still, Class A continues to trump Class B according to most
indicators
32
Source: JLL Research
of absorbed space in 2014
has been Class A
per square foot difference
between Class A and B space…
premium charged for Class A space
versus Class B
difference between Class A and
Class B total vacancy
35. The steep decline in vacancy this year, currently at 15.6 percent,
is the result of nearly 55 million square feet of absorption
34
12.0%
13.0%
14.0%
15.0%
16.0%
17.0%
18.0%
19.0%
20.0%
2009 2010 2011 2012 2013 2014
Totalvacancy(%)
Source: JLL Research
36. Vacancy now at lowest level since 2008 and expected to decline
even more until new space comes to the market
35
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
Totalvacancy(%)
Source: JLL Research
37. Total vacancy declining overall, but Class B in CBDs posting
sharpest decline amidst falling Class A vacancy
36
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
38. As office-using employment increased by 877,000 net new jobs
in 2014, vacancy declines to 15.6 percent
37
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
2011 2012 2013 2014
Totalvacancy(%)
Office-usingemployment(thousands)
Office-using employment (thousands) Total vacancy (%)
Source: JLL Research
39. CBD vacancy just 70 basis points from historic low, but
Suburban vacancy still relatively high
38
5.0%
7.0%
9.0%
11.0%
13.0%
15.0%
17.0%
19.0%
21.0%
23.0%
Totalvacancy(%)
Source: JLL Research
40. Sublease vacancy inched upward in Q4 as a result of Covington
moving into new development in DC, leaving old space behind
for a few years
39
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
42. Q4 2014 U.S. overall office clock
Peaking
phase
Falling
phase
Rising
phase
Bottoming
phase
Houston, San Francisco, Silicon Valley
Boston, Denver, Los Angeles,
Miami, Tampa, United States
Cincinnati, Detroit, Hampton Roads, Long Island,
San Antonio, St. Louis, Westchester County
Phoenix, Salt Lake City
Atlanta, Fort Lauderdale, Indianapolis,
Kansas City, Orange County, Orlando, Richmond
Sacramento, West Palm Beach
Baltimore, Columbus,
Washington, DC
Dallas
Austin, Pittsburgh, Portland
San Francisco Peninsula
Jacksonville New Jersey
Chicago, Cleveland, Fairfield County,
Oakland-East Bay, Raleigh-Durham, San Diego
New York
Charlotte, Milwaukee, Philadelphia
Seattle-Bellevue
Minneapolis
Source: JLL Research
43. Q4 2014 U.S. CBD office clock
Peaking
phase
Falling
phase
Rising
phase
Bottoming
phase
Austin, Houston, Portland, San Jose CBD
Miami, Seattle CBD
Dallas, Indianapolis, Salt Lake City, Stamford CBD
Atlanta, Fort Lauderdale, Greenwich CBD,
Los Angeles, Midtown (New York), Orlando,
United States
Cincinnati, Washington, DC, West Palm Beach
Boston, Denver, Pittsburgh, Tampa
Richmond, San Antonio, San Diego
Baltimore, Columbus,
Kansas City, White Plains CBD
Jacksonville, Oakland CBD
Midtown South (New York), San Francisco
Chicago, Downtown (New York), Philadelphia
Charlotte, Cleveland, Detroit, Raleigh-Durham
St. Louis
Milwaukee, Phoenix
Sacramento
Minneapolis
Source: JLL Research
44. Peaking
phase
Falling
phase
Rising
phase
Bottoming
phase
Q4 2014 U.S. suburban office clock
Atlanta, Baltimore, Cleveland, East Bay Suburbs, Hampton Roads
(Peninsula), Miami, Milwaukee, Raleigh-Durham, San Diego,
Westchester County
Boston, Long Island (Nassau), Portland,
Salt Lake City
Long Island (Suffolk)
Charlotte, Fort Lauderdale, Oakland Suburbs, Orlando, Philadelphia
Columbus, Lehigh Valley,
Northern Delaware,
West Palm Beach
Central New Jersey, Northern
New Jersey, Northern Virginia,
Suburban Maryland
Dallas
Denver, Indianapolis, Jacksonville, St. Louis, Tampa
Chicago, Cincinnati, Fairfield County,
Hampton Roads (Southside), Sacramento, San Antonio
Bellevue CBD, Richmond
Austin, Kansas City, Minneapolis, Phoenix
Cambridge, Houston,
San Francisco (non-CBD)
San Francisco Peninsula
Silicon Valley
Southern New Jersey
Los Angeles, Pittsburgh
Seattle-Bellevue, United States
DetroitSource: JLL Research
45. Rent growth remains subdued, but is expected to jump as lack of
availability, combined with higher growth, is forecasted for 2015
44
-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
46. CBD segments posting negative or nearly flat results, while
suburban segments record 2.0 percent or more, year-over-year
45
$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
47. But quarterly rent growth was slightly higher in CBDs than
suburbs, though still below historic norms
46
-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%
48. The rent gap is growing between CBD and Suburbs, increasing
by $0.07 in Q4
47
$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
$15.05
49. However, the rent gap between Class A and overall rents inching
downward as demand for all other classes increases
48
$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
$3.00
$3.50
$4.00
$4.50
$5.00
$5.50
2010 2011 2012 2013 2014
ClassApremium($p.s.f.)
Source: JLL Research
50. TI allowances are beginning to elevate due to new construction
providing higher concessions
49
3.5
4.1
5.1
6.1 6.2
5.7
5.1
5.3
5.8
$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
52. Completions are at their highest rate since 2009, but still far
below pre-recession peaks
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
Annualcompletions(s.f.)
51
Source: JLL Research
-60.5%
53. Geographic diversity of construction starts in Q4 helped to push
volumes to roughly 80.0 million square feet
52
Source: JLL Research – numbers represent Q4 starts in square feet
2,496,472
Seattle
221,827
Portland
1,233,071
Bay Area
252,164
San Diego
499,200
Phoenix
416,531
Denver
590,000
Houston
314,964
Dallas
1,036,769
DC
3,029,952
New York
934,850
Charlotte
753,000
Chicago
55. Starts of major developments continue to rise: seven of more than
500,000 s.f. broke ground in Q4 totaling more than 6.8 m.s.f.
54
Source: JLL Research
3 World Trade Center (New York)
2,861,402 s.f.
Silverstein
18.0% pre-leased (Group M)
Central Place (Northern Virginia)
552,781 s.f.
JBG
64.6% pre-leased (CEB)
Zurich North America HQ (Chicago)
753,000 s.f.
Stonemont
100.0% pre-leased (Zurich)
400 Bellevue Square (Bellevue)
724,693 s.f.
Kemper
0.0% pre-leased
Partners Healthcare (Boston)
700,000 s.f.
Federal Realty
100.0% pre-leased (Partners Healthcare)
300 South Tryon Street (Charlotte)
630,000 s.f.
Spectrum/Mass Mutual
31.7% pre-leased (Babson Capital)
Moffett Gateway (Silicon Valley)
600,864 s.f.
Jay Paul
0.0% pre-leased
6,822,740 s.f.
3,882,576 s.f. available
2,568,295 s.f. pre-leased
37.6% pre-leased
56. Over the course of 2014, tightening fundamentals have led to a
surge of UC totals, up 68.9 percent year-on-year
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
2010 2011 2012 2013 2014
Underconstruction(s.f.)
55
Source: JLL Research
57. Market Under construction (s.f.) Share
Houston 16,225,602 20.3%
Bay Area 8,246,777 10.3%
Dallas 5,245,160 6.6%
New York 5,203,624 6.5%
Seattle-Bellevue 5,144,406 6.4%
Washington, DC 4,779,129 6.0%
Silicon Valley 4,284,425 5.4%
Boston 4,017,760 5.0%
Chicago 3,692,067 4.6%
San Francisco 3,618,785 4.5%
Philadelphia 3,585,450 4.5%
Austin 3,444,990 4.3%
Phoenix 2,345,759 2.9%
Los Angeles 2,099,739 2.6%
Denver 1,813,315 2.3%
Raleigh-Durham 1,694,995 2.1%
Cincinnati 1,679,533 2.1%
All other markets 10,951,731 13.7%
United States 79,826,470 100.0%
As the recovery broadens, construction is moving away from just
tech and energy and into a variety of markets
Houston Dallas New York Seattle Washington, DC
Silicon Valley Boston Chicago San Francisco Philadelphia
Austin Phoenix Los Angeles Denver Raleigh-Durham
Cincinnati All other markets
56
Source: JLL Research
58. Typical floor plate Share of s.f.
< 20,000 s.f. 8.2%
20,000-29,999 s.f. 27.9%
30,000-39,999 s.f. 18.9%
40,000-49,999 s.f. 10.1%
50,000+ s.f. 34.9%
< 50,000 s.f. 50,000-99,999 s.f. 100,000-249,999 s.f.
250,000-499,999 s.f. 500,000+ s.f.
Building size Share of s.f.
< 50,000 s.f. 1.6%
50,000-99,999 s.f. 4.6%
100,000-249,999 s.f. 25.3%
250,000-499,999 s.f. 35.4%
500,000+ s.f. 33.2%
The average development is now 250,070 s.f., with a typical floor
plate of 33,657 s.f.
57
< 20,000 s.f. 20,000-29,999 s.f. 30,000-39,999 s.f.
40,000-49,999 s.f. 50,000+ s.f.
Source: JLL Research
59. Urban Suburban
Most construction is taking place in Suburban and non-CBD
locations, largely due to booms in energy and tech markets
58
CBD Non-CBD
Source: JLL Research
60. Market Under construction (s.f.) Share
Hines 4,126,714 5.9%
Trammell Crow 3,083,604 4.4%
Silverstein 2,861,402 4.1%
Boston Properties 2,568,963 3.7%
KDC 2,421,167 3.5%
Jay Paul 1,962,886 2.8%
Related 1,700,000 2.4%
Liberty 1,570,077 2.2%
O'Donnell 1,200,000 1.7%
Skanska 1,142,045 1.6%
Tishman Speyer 1,131,840 1.6%
Kilroy 1,045,895 1.5%
All others 45,011,877 64.5%
United States 79,826,470 100.0%
Hines, Trammell Crow, Silverstein, Boston Properties and KDC
are all developing more than 2.0 million square feet
Hines Trammell Crow Silverstein Boston Properties
KDC Jay Paul Related Liberty
O'Donnell Skanska Tishman Speyer Kilroy
All other developers
59
Source: JLL Research
61. Most construction underway will be completed in late 2015 and
throughout 2016, when the national office market will peak
0
5,000,000
10,000,000
15,000,000
20,000,000
25,000,000
2015 2016 2017 2018
Projectedcompletions(s.f.)
Spec BTS
60
Source: JLL Research
62. A similar pattern emerges when only looking at available space;
the vast majority will come online in 2015 and 2016
0
2,000,000
4,000,000
6,000,000
8,000,000
10,000,000
12,000,000
2015 2016 2017 2018
Projectedcompletions(s.f.)
Spec BTS
61
Source: JLL Research
64. Office investment sales up 21.3 percent year-over-year, seeing its
highest volume since 2007
63
$0.00
$50.00
$100.00
$150.00
$200.00
$250.00
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Officeinvestmentsalevolumes(billionsof$US)
Q1 Q2 Q3 Q4
Source: JLL Research
65. Market Sales volume ($) Share
New York $2,426,600,000 13.7%
Boston $2,065,599,379 11.6%
Washington, DC $1,623,250,000 9.1%
Chicago $1,152,925,000 6.5%
Northern Virginia $973,304,190 5.5%
San Francisco
Peninsula
$925,233,131 5.2%
Los Angeles $863,145,000 4.9%
Houston $724,800,000 4.1%
Seattle-Bellevue $566,070,260 3.2%
Minneapolis $484,504,900 2.7%
Denver $469,779,843 2.6%
Atlanta $393,431,088 2.2%
Portland $362,150,000 2.0%
Oakland-East Bay $361,510,000 2.0%
Phoenix $354,078,825 2.0%
All other markets $4,021,912,058 22.6%
United States $17,768,293,674 100.0%
Primary markets driving quarterly volumes, followed by select
secondary markets
New York Boston Washington, DC Chicago
Northern Virginia San Francisco Peninsula Los Angeles Houston
Seattle-Bellevue Minneapolis Denver Atlanta
Portland Oakland-East Bay Phoenix All other markets
64
Source: JLL Research
66. A trend consistent across CBD, Suburban markets
Primary markets continued to see highest velocity of CBD and Non-CBD transaction activity this
quarter by dollar volume
65
$2,427
$1,571
$1,248
$773
$622
$925 $899 $817
$481 $380
$-
$500
$1,000
$1,500
$2,000
$2,500
$3,000
New York Washington,
DC
Boston Chicago Houston San
Francisco
Peninsula
Northern
Virginia
Boston Minneapolis Chicago
Q4officeinvestmentsalevolume(millionsof$US)
Most active CBD markets Most active Non-CBD markets
Of CBD volumes in Primary markets
Of Non-CBD volumes in Primary markets
Source: JLL Research
67. 6.9%
64.5%
28.7%
Trophy Class A Class B
Trophy and Class B segments similarly saw transaction volumes
rise in 2014…
66
8.1%
58.2%
33.7%
Trophy Class A Class B
Source: JLL Research
68. 56.7%
43.3%
Primary markets Secondary markets
…but secondary market activity rising on a square footage basis,
accounting for 52.9 percent of 2014 activity
67
47.1%
52.9%
Primary markets Secondary markets
Source: JLL Research
69. Secondary CBD investment rising with noteworthy activity in
Tampa, Atlanta and Philadelphia this quarter
68
54% 55%
62%
79%
51%
71%
49%
45%
46% 45%
38%
21%
49%
29%
51%
55%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2013 Q1 2013 Q2 2013 Q3 2013 Q4 2014 Q1 2014 Q2 2014 Q3 2014 Q4
CBDtransactionvolumesas%oftotal
Primary Secondary
Most active
secondary
CBDs:
Tampa, Atlanta,
Philadelphia
Source: JLL Research
70. Florida, Texas and California seeing noteworthy turnover in
annual investment sale volumes, surpassing the U.S. average
69
32%
21%
20% 20%
19%
17%
16%
15% 14% 13% 13% 13% 13% 12% 11% 11%
0%
5%
10%
15%
20%
25%
30%
35%
CBDassetturnoverratio,2014(%)
United States: 11.0%
Source: JLL Research
71. While majority of markets have seen suburban investment overtake
CBDs, 67.0 percent of sales volume took place in urban markets
70
2%
16%
19%
19%
27%
28%
30%
52%
53%
55%
56%
59%
59%
60%
72%
73%
74%
75%
81%
92%
95%
97%
100%
100%
100%
100%
98%
84%
81%
81%
73%
72%
70%
48%
47%
45%
44%
41%
41%
40%
28%
27%
26%
25%
19%
8%
5%
3%
0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
60.0%
70.0%
80.0%
90.0%
100.0%
Suburban Urban
Source: JLL Research
72. With leading suburban submarkets driving 52.5 percent of U.S.
suburban transaction activity in H2 2014
71
0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
60.0%
70.0%
80.0%
90.0%
Submarkettransactionvolumes
(asa%ofsuburbanmarket,H22014)
Source: JLL Research
75. 74
Source: JLL Research
2015 outlook strongest in nearly a decade
U.S. GDP and consumer spending levels are forecasted to grow by 3.2 and 2.5 percent, respectively
in 2015, which will lead to further corporate expansion and real estate demand.
The increase in corporate profitability and economic growth will continue to result in headcount
increases and expansionary leasing activity across markets. As a result, the rate of absorption will
likely reach 2.0 percent of total inventory in 2015, a 25 percent increase from 2014 levels.
Vacancy rates in many CBDs and select non-CBD markets on the edge of CBDs will see vacancy
rates decline to single-digits, but fundamentals will also become increasingly tighter in suburban
markets as lack of vacancy, coupled with increasing rents, pushes tenants outside of the core CBD.
JLL forecasts over the next 27 months call for rent increases nationally of 13.0 to 14.0 percent,
driven largely by a new wave of developments delivering, priced at 20.0 to 25.0 percent premiums,
which will trickle down to reset market pricing.
Exactly half of all markets are now posting under construction levels equating to 1.0 percent of
inventory levels. With many developers increasingly thinking about commencing construction on
proposed sites, the market over the next 36 months will likely shift from an under-supplied market to
an over-supplied one by late 2016. Geographies with substantial amount of construction underway
already (Texas, Bay Area), could see momentum turn a year earlier for tenants.
1.
2.
3.
4.
5.
76. The slowdown in the energy industry, as a
result of the decline in oil prices in recent
weeks, will yield a slower demand environment
in energy hotbeds such as Houston over the
short to mid-term. Likewise, absorption in
high-priced tech markets like San Francisco
and Silicon Valley could also slow as rental
rates reach peak levels amidst declining
vacancy.