Monthly Archives: June 2015

How does Newark Airport rank in value to owners and occupiers of airport-centric industrial properties?

0 CommentsBy

In an effort to reduce delays and heavy congestion at Newark Airport, The Port Authority of New York and New Jersey started a $97.3 million rehabilitation program in early 2014.

airport outlook 2015 full

According to the Port Authority, the capital improvements are projected to save approximately 30 seconds per flight, resulting in $9.4 million annually… Read More

Six key developments impacting U.S. seaports and nearby real estate

0 CommentsBy

As economies around the world remain volatile, the implication on the flows of goods and materials in and out of the U.S. has been meaningful. JLL’s research team explores the impact of six key developments on the warehouse and distribution market.Slide1

How does uneven GDP growth abroad affect the U.S.?

Growth on a global scale has… Read More

Not Everyone Gets a Trophy

0 CommentsBy

Skyline Trophy ImageThis is a true statement for Newark and the Hudson Waterfront, which are highlighted in the 2015 JLL Skyline report. Although our tri-state area neighbor New York City boasts the largest concentration of Trophy buildings in the country, Newark and the Hudson Waterfront skylines are mostly comprised of Class A assets.  Trophy buildings make up… Read More

JLL’s Industrial Outlook-Q1 2015

0 CommentsBy

Northern NJ

Quarterly net absorption totaled 41.0 MSF and outpaced 34.4 MSF in new space completions as satisfied demand exceeded supply. Vacancy, as a result, finished at 6.9%, marking a 10-year low.

Nearly all markets have scenarios where their construction pipelines will be unable to keep up with tenant requirements this year. Vacancy will… Read More

Are retailer’s real estate assets helping or hindering their last mile performance?

0 CommentsBy

Page1-JLL_IndustrialImpact_Going the extra mile to win the last mile

JLL’s article “Going the extra mile to win the last mile” explores consumers’ expectations regarding their online purchases.

In an era of rapid e-commerce innovation, the omni-channel marathon is turning into a sprint to win the consumer over in the last mile – but that… Read More

JLL’s 2015 Skyline Report is Available

0 CommentsBy

JLL’s signature Skyline Report is now available digitally!  This interactive website provides clients and prospects with market intelligence and insights on leading office buildings across U.S. and Canadian cities.

Visitors to the Skyline website can:JLL Skyline

  • Discover the five themes shaping the Skyline today and in the future
  • Visualize key market metrics in 47 cities across the U.S. and Canada
  • Analyze
  • Read More

Happy National Running Day!

0 CommentsBy

In the spirit of encouraging health and wellness, JLL New Jersey recognizes National Running Day.

Last week, our staff participated in the Corporate Fun Run at the Meadowlands Race Track near our East Rutherford, NJ office. It was a great team building exercise that was done to benefit charity.

CorpFunRunRead More

Construction sector leads job growth in New Jersey

0 CommentsBy

COW_New Jersey_May_25_2015-1CROPPED

  • Total employment in New Jersey surpassed 4.0 million as employers added 4,300 new jobs during the month of April 2015.
  • Approximately 46,400 jobs have been created in the state over the course of the past year, with the biggest gains coming from the construction, education/health services and trade, transportation & utilities sectors.
  • Despite adding 2,100
  • Read More