Tag Archives: Research

JLL’s U.S. Employment Data and Trends

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United States unemployment rate is the lowest it has been since August 2007, setting the stage for an imminent interest rate hike from the Federal Reserve in the near future. JLL’s employment report digs into the data and the trends.

The November 2016 employment summary includes:

  • The U.S. labor market added 178,000 net new jobs in November, consistent with monthly additions during the second half of 2016 but below the year-to-date and 2015 averages.
  • Labor-market tightening
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JLL Data Center Outlook 2016

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New Jersey Data Center Outlook

In New Jersey, supply is somewhat ahead of demand at the moment, creating a more tenant favorable market. Historically a financial services driven market, the activity is more spread out over a diversified tenant base which includes social media, healthcare and technology clients.

Blog-Data Center Image

“The current supply allows for special concessions, like the flexibility for tenants to ramp their

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Which Sectors Occupy Office Space Along the Hudson Waterfront?

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  • COW_New Jersey_May_2_2016
  • While banking/financial services firms had initially populated office space in the Hudson Waterfront, other sectors have also sought to establish their footprint in this strategically located market.
  • Retail/consumer goods, business services and information/high-tech sectors collectively accounted for approximately 85.0 percent of the leases completed in the Waterfront during the first quarter.
  • Among the
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Office Insights – Q1 2016

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​While last year’s activity was largely driven by expansions, 2016 is starting out with tenants staying the course. More than half (53.8%) maintained their current occupancy this quarter, rather than expanding. But that hasn’t tempered landlord optimism.

Rents increased 3.2% on average nationwide—the highest quarterly rent growth of this cycle. Bolstered by strong tenant demand and unshaken by concerns over the strength of the economy, landlords continued to push rates in the… Read More

Chart of the Week: Northern and Central NJ’s Industrial Asking Rents

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  • COW_New Jersey_Oct_12_2015-1Average asking industrial rental rates took a leap forward in third quarter of 2015 thanks to a strong lift in Central New Jersey’s asking rental rates.
  • The gap between rates in Northern New Jersey and Central New Jersey continued to compress during the third quarter. Asking rental rates in Northern New Jersey are now only $0.88 per square foot higher than rents in
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New Jersey Remains a Primary Market on JLL’s List of Top U.S. Life Sciences Clusters [REPORT]

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Key trends drive life sciences firms to premier markets, despite higher rents and labor costs

The U.S. life sciences industry continues to thrive, with markets including Boston, Raleigh-Durham and the San Francisco Bay Area topping the list of the most densely concentrated regions for well-known biotechnology firms. Although rents are growing in these markets, firms are choosing to remain situated, due to their need for  R&D infrastructure and qualified labor pools. As a result… Read More

Chart of the Week-Competitive rental rates encourage interest in New Jersey’s Class A office product

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COW_New Jersey_July_27_2015-1

  • A flight-to-quality emerged in the Northern and Central New Jersey office market during the first half of 2015, as tenant requirements led to nearly 580,000 square feet of Class A space being absorbed, compared to more than 1.0 million square feet of negative net absorption witnessed in the Class B market.
  • This was in contrast to the 2012-2014 period, when consolidations and sluggish
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Advance the science of real estate data with RED from JLL

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JLL’s innovative tool helps you make more strategic real estate decisions. This single platform provides you with insightful portfolio data, based on location, operating costs and size.RED from JLL.1

  • Develop predictive models
  • Benchmark against industry peers
  • Leverage JLL’s network

Learn more about this innovative technology.

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