The Metropolitan Square Building will soon be home to The Eatery, the first food hall in downtown St. Louis. Owners of the office skyscraper plan to invest $2.5 million to renovate a former restaurant and common area space on the building’s ground floor into a new dining destination. Property manager JLL confirms that Arista… Read More
Industrial space faces squeeze with record-high rents and historic vacancy lows, according to JLL research
The billion-dollar question: can new construction keep up with demand for industrial real estate? Healthy consumer spending and buoyant e-commerce sales are driving demand for warehouse and distribution space, pushing vacancy rates to a 17-year low and rents through the roof. But demand is outweighing supply and new construction is struggling to keep up.
Customer needs and technology are changing the way banks utilize brick and mortar branches. The ability to deposit checks, transfer money, and pay others by computer or cell phone is lessening the need for in-person banking. The result is fewer and smaller branches.
Since 2010 the number of bank branches in JLL markets has fallen by 5.6 percent. The… Read More
There are no signs of slow down at Hazelwood Logistics Center, a 165-acre business and industrial park developed by JLL’s client, NorthPoint Development.
According to a recent article in the St. Louis Business Journal, nearly 300 new jobs will be created as two distribution companies – Bunzl Distribution and Quiet Logistics – prepare to move to the North St. Louis County business park. Additional reports also state that Amazon is close to announcing plans to… Read More
Commercial real estate brokerage firm JLL (NYSE: JLL) today announced Rick Spector, senior vice president of retail brokerage, raised nearly $25,000 in 10 weeks for the Gateway Chapter of the Leukemia and Lymphoma Society (LLS). Spector was one of 17 men and women who competed in the “Man/Woman of the Year” competition… Read More
Commercial Real Estate’s Leading Independent Information Provider Recognizes Market’s Top Leasing and Sales Brokers
ST. LOUIS, MAY 17 . . . Three brokers from JLL have been named 2016 CoStar Power Brokers TM by CoStar Group, Inc. (NASDAQ: CSGP). Awarded the distinction were David Biales, executive vice president specializing in office leasing; David Branding, executive vice… Read More
Jones Lang LaSalle Incorporated (NYSE: JLL) today reported diversified revenue increases for the first quarter of 2017, resulting in diluted earnings per share of $0.24 and adjusted diluted earnings per share of $0.45.
According to CEO Christian Ulbrich, “Strong revenue growth and continued market share gains combined with expected margin performance contributed to solid first-quarter results. Favorable market conditions and healthy prospects for new business make us confident we will deliver on the expectations we… Read More
The branch bank is evolving. JLL research points to the old model for relying on sheer numbers to win market share is being replaced by a more customer-centric approach. Technology continues to advance and banks are having to adapt to both corporate and personal customers. According to JLL research, five changes are on the horizon… Read More