In the New Year, companies will continue to look to their physical office space as a strategic way to attract and retain top talent. JLL compiled a list of seven things to consider when enhancing your workplace and your employees’ experiences in 2017.
Below are three tips to keep in mind:
Keep pushing flexibility
Flexible space has proven to be more productive and cost-effective, but employees still aren’t taking advantage because they still aren’t… Read More
After registering negative absorption earlier this year, a rebound in leasing velocity changed the course of the Northern New Jersey Class A market during the past six months. Demand for Class A space led to 335,970 square feet being absorbed in the second quarter, followed by an additional 501,450 square feet
While banking/financial services and pharmaceutical/life sciences have historically accounted for a large portion of Northern and Central New Jersey office demand, information/technology companies recently stepped into the batter’s box. This sector accounted for nearly one-third of leasing activity during the third quarter compared to less than 10.0 percent of transactions one
JLL’s Jerry Sullivan, senior vice president of New Jersey’s project and development services (PDS), shares the impact of upgrading the workplace to encourage collaboration and productivity.
Given the trends we are tracking in the workplace, Sullivan indicates “Greater focus on including programmed work areas that have mixed-use, multi-functional attributes for meetings, work activities and socialization are becoming important benefits to employees when they evaluate their work experience.”
Nearly two-thirds of leasing activity witnessed in the Northern and Central New Jersey office market since the beginning of 2016 was focused in three key business sectors: banking/financial services, pharma/life sciences and information/technology.
While banking/financial services and pharma/life sciences have historically accounted for a large portion of office tenant
After less than 2.0 million square feet of leasing transactions were completed in the Northern and Central New Jersey office market during the first quarter, leasing velocity ticked upward to just over 2.4 million square feet three months later.
However, demand remained below the more than 3.0 million square feet of leases
JLL’s 2016 Skyline Report focuses on the top-tier office market, looking at some of the most iconic and high-rent properties within CBDs and urban cores. This proprietary digital research piece provides insights on office supply, demand, rents and investment in 1,175 Skyline buildings across 52 markets in the United States and Canada.