Author Archives: Natalie Pelsor

Can Co-working Work at the Mall?

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Co-working tenants in office spaces are big and growing bigger. Are co-working operations a good fit for retail buildings and shopping centers? Would you work at the mall?

James Cook talks with:

  • Stephanie Lee & Ellen Shakespear of Spaceus, a creative co-working space in Boston.
  • Scott Homa, the director of U.S. office research for JLL
  • Keisha
  • Read More

More development and company expansions bring vacancies to cyclical low

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Industrial commercial real estate continues its stronghold in the St. Louis market. At nearly six million square feet in the construction pipeline halfway through the year, St. Louis continues to see companies expand and new businesses enter the market, not to mention industrial employment remains at post-recession highs, as warehouse and manufacturing levels stay elevated.

From last quarter, vacancy continued its downward trend to below 5.0 percent across the region. At the… Read More

St. Louis Retailer’s Lifestyle Focus Attracts Multi-Family Housing, Experiential Retail and Consistent Crowds

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The last 10 years have not been the easiest for malls or retailers of any kind, but The Meadows at Lake St. Louis seems to have landed on the winning formula — an outdoor mixed-use development including shopping, dining, frequent events, and easy access to parking. In addition to the recent announcement for “PURE… Read More

Final Lease Agreements Signed for Hazelwood Logistics Center

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1.8 million square feet filled to capacity just two years since park’s inception

JLL’s industrial logistics brokerage team announced today that Chadwell Supply and Land Air Express have signed lease agreements for the final two buildings in Hazelwood Logistics Center, bringing the 165 acre 1.8 million-square-foot industrial park to full… Read More

Lease and loan agreements help cement future for One Metropolitan Square

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Exciting plans continue to unfold at One Metropolitan Square, a premier high-rise office building in downtown St. Louis.
JLL client The 601W Companies, which owns the 42-story office building, recently finalized a loan refinance for the property, and has committed to making a number of improvements, including a new coffee shop,… Read More

JLL’s Blaise Tomazic Weighs in on Commercial Real Estate Scene in STL

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The St. Louis Business Journal recently tapped JLL’s research manager, Blaise Tomazic for his expertise and knowledge about the St. Louis commercial real estate market. Blaise was one of six featured experts from the area who provided insight into today’s market conditions and how the St. Louis region stacks up when it comes to investment… Read More

Property Management Success Comes with Investing in Your Team

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As part of the JLL Property Management team, we pride ourselves on offering the very best support to our many clients across the world who place their trust in us to manage their expansive properties. Our goal with our clients is to be an optimal partner who is always interested in their overall success.

But, this… Read More

Where are the Workers?

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How the worst labor shortage in U.S. history is impacting the economy.

A new report by JLL points to a looming problem for the commercial real estate market: A labor shortage that leaves vital jobs unfilled and whose effects ripple across the economy.
As of January 2018, a record 6.3 million positions… Read More

St. Louis Office Insight: Asking rents move up as quality space remains limited

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The first quarter of 2018 brought negative absorption to the region for the first time since 2014. However, overall fundamentals remain strong, unemployment is below 4.0 percent and office occupying job growth continues to outpace the rest of the region. Both Kellwood and The Art Institute downsized this quarter, both vacancies are over 30,000 square… Read More