Monthly Archives: April 2015

JLL Higher Education – Prepare Colleges and Universities for Real Estate Success

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Middleton-Pratt_Lauren_Color_HiResFrom: Lauren Middleton-Pratt
Higher Education Market Lead

All institutions of higher learning have real estate needs, and JLL Boston has a vested interest in addressing those needs. In 2014, JLL New England continued to build on its work in the higher education arena by assembling a team of real estate professionals representing the full range of our practice. Most recently, the global real estate and… Read More

Green and productive space pays out

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BestBobFrom Bob Best
Executive Vice President

What happens when we set out to make a building greener and more productive at the same time. Something amazing.

The Federal Building in San Diego decided to make a number of changes with impressive results.

First, they changed their fluorescent lighting from T12s with flickering magnetic ballasts to more energy-efficiency T8s with electronic ballasts.

Second, the brought in more daylight… Read More

Tech redefines financial services real estate

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strope_blogFrom Lisa Strope
New England Research Manager

As banks continue to recover from the last financial crisis they also face heightened regulation, potential for security breaches and a squeeze on expenses. This, according to a new report by JLL, is having a major impact on their real estate decisions.

While banks still represent the largest occupiers of trophy Class A office space in… Read More

Categories: Insights and tagged , , , .

Taming your capital monster

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Most companies believe they are creating a capital plan that supports business goals but in fact, the world’s largest companies often miss their real estate capital plan by billions each year – felled by the ‘capital monster.’

The capital monster strikes when companies are unintentionally inhibiting growth because they do not effectively develop, prioritize, manage and execute their capital plan. So how do you tame the beast?

Residential deliveries are peaking

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Travis D'Amato

Travis D’Amato
Senior Vice President, Capital Markets

Boston’s apartment pipeline has been a hot topic in the media lately.

Newly delivered Class A properties are offering one to two months of concessions to maintain their lease-up velocity. Deliveries will peak in 2015 and then inevitably reduce due to rising construction costs and improving condominium economics.

Despite the pipeline, investment sales have set records across all… Read More

Greater Boston sees steady growth with suburbs leading charge

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strope_blogFrom Lisa Strope
New England Research Manager

Greater Boston showed measured growth in the first months of 2015 as direct rents grew 40 basis points quarter-over-quarter, according to JLL’s 2015 Q1 Boston Office Insight report.

Winter storms slowed activity in the CBD and Cambridge, but the suburban markets didn’t miss a beat. The suburbs recorded total direct absorption of 780,000 square feet in Q1, with over 80%… Read More

Choosing the right strategy for your build out

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If you are building out a new office space in Boston, you will need to obtain a building permit from the City – but which kind will you need? The answer depends on the scope of your project.

A short form permit is needed for minor alterations to an existing building that will not change the use, egress, or increase living space or fire protection of the existing building. An example would be… Read More

Categories: Topics.

Innovation District celebrates an anniversary

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Than_Thearin_ColorFrom Thearin Than
Senior Research Analyst

The Seaport District, once Boston’s industrial neighborhood filled with empty warehouse buildings and parking lots, now stands as one of Boston’s tightest Class B markets with a vacancy rate of 7.0 percent.

This growth can be attributed to late Mayor Menino’s plan to promote the area as Boston’s innovation District in 2010, strategically coinciding with Boston’s diversified employment growth… Read More

A super bet

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As we all know the 2015 Super Bowl came down to one deciding play. The end zone interception by Patriots safety Malcom Butler was the difference between a New England victory and defeat. It also meant that the JLL Boston office won its bet with our colleagues at JLL Seattle.

We recently enjoyed salmon-based chowder and beer at a victory party in our One PO offices. Patriots swag went to winners of a… Read More