Category Archives: Commercial Real Estate

Clayton and West County Continue to Drive Office Growth

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JLL’s Q3 office insight for St. Louis shows that office absorption has topped 100,000 square feet, bringing the vacancy rate to 12.5 percent. JLL (NYSE: JLL) reports year-to-date absorption in Clayton and West County have combined for 480,000 square feet while the other four submarkets (Downtown, South County, St. Charles County, and Northwest County) are in… Read More

JLL’s David Branding Weighs in on Commercial Real Estate Scene in STL

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The St. Louis Business Journal recently tapped JLL’s executive vice president David Branding for his expertise and knowledge about the St. Louis commercial real estate market. David was one of four featured experts from the area who provided insight into today’s industrial market conditions and how the St. Louis region stacks up when it comes to… Read More

Favorable Startup Conditions Are Plentiful in St. Louis

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 Crunchbase News recently ranked St. Louis as the fourth best city in the Midwest for “entrepreneurs and investors.” While Chicago pulled away from the pack and led all five major categories, St. Louis finished in the top five in four of them. Some highlights have St. Louis startups taking in $579 million of funding since 2015. Our city… Read More

Back to School 2017

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It may seem like school just went out on recess, but summer is nearly over and families across the U.S. are gearing up for the back-to-school season. JLL’s Back-to-School Consumer Shopping Survey looks at how parents are budgeting for the season, where they buy clothing and supplies and the most important factors influencing… Read More

St. Louis Job Market is Strong; Sees All-Time Highs in Employment

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Q2 2017 reports from JLL St. Louis indicate that the region’s job growth remains on the upswing. St. Louis’ unemployment rate has been below 5.0 percent for nine consecutive months now; its longest streak since 2001. In the past 12 months, the market’s education, healthcare and professional service sectors have added more than… Read More

A lot Can Change in Five Years

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In 2012 everyone was singing “Call Me Maybe” and dancing to “Gangnam Style.” But for the St. Louis industrial market, everything was not so upbeat. Vacancy was 9.1 percent, new construction was non-existent, and 18 spaces over 200,000 square feet were available. The market was showing signs of turning, having absorbed one million square feet. Little did everyone know, 2012 marked the beginning of a huge market expansion. Since then, the market has absorbed… Read More

Vacancy rates in Clayton are at an all-time low while demand remains high for Class A office space. That combination leads JLL office expert David Biales to believe the timing is right for The Boulevard St. Louis, a premier mixed-use development that just announced a $100 million expansion that will include 100,000 square feet of Class A office space.

“The Boulevard has always been a premier location, but this expansion will solidify its position in the market as the premier destination for office and retail,” said Biales. “Its location off I-64 and I-170 provides easy highway access and premier visibility to a heavily populated area with traffic counts averaging around 130,000 cars per day.”

A Chicago-based joint venture that purchased The Boulevard last year recently retained JLL to market the rollout of the office portion for the project. The expansion will break ground early next year and open year end 2019. Owners say the advancement of the $100 million second phase includes an exciting mix of retail, residential, entertainment and class A office space to enhance the region’s premier mixed-use development located across from the Saint Louis Galleria.

“We’re extremely excited to be moving forward with this much anticipated second phase and to begin marketing it to the region,” said Sol Barket, a St. Louis native and founder of Condor Partners.  “The Boulevard is a great brand that appeals to many residents and visitors in the St. Louis region. This next phase will undoubtedly further enhance the development by offering more opportunities for people to live, work, play and dine.”

Office tenants will have access to ample free garage parking with direct sky bridge access to an office complex. Highly visible exterior signage will also be available to several tenants facing both Brentwood Boulevard and I-170.

The Boulevard opened in 2004 and includes a professional office complex and 74 luxury residential apartments. It is home to Missouri’s first Crate and Barrel store and Missouri’s first Soft Surroundings location, as well as restaurants Maggiano’s Little Italy, P.F.Chang’s China Bistro, and Allegro at The Boulevard.

JLL Ramps Up Real Estate Services with Launch of JLL Spark

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JLL (NYSE:JLL) today announced a significant addition to its extensive proptech capabilities with the launch of JLL Spark, a global business that will identify and deliver new technology-driven real estate service offerings. JLL Spark will be led by co-CEOs Mihir Shah and Yishai Lerner who have successful, broad-based track records of founding, managing and investing in profitable technology businesses.

JLL Spark will ensure that JLL and its clients benefit from technology-driven transformation by building a… Read More

Industrial Continues to Keep Pace with New Developments

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As we reach the halfway point in 2017, absorption has topped one million square feet. Commencement of leases by Fairfield Manufacturing, XPO Logistics, and Quiet Logistics added almost 800,000 square feet of occupied space in the second quarter. Growth in the industrial market is also adding jobs; employment in transportation and warehousing… Read More

In the Heartland, Tech and Innovation Thrive in St. Louis

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Tech and innovation markets are synonymous with big coastal cities like Silicon Valley and New York, but in the heartland St. Louis continues to earn national credibility as one of the hottest up and coming tech markets in the U.S.

A recent article in the St. Louis Business Journal reports that financial services… Read More