A new industrial revolution, spurred on by e-commerce, is sparking growth in St. Louis real estate, according to David Branding, executive vice president for the St. Louis industrial brokerage at JLL, which had $6.8 billion in global revenue in 2016.… Read More
Blockchain is a new technology that can help organizations connect to each other across platforms. It combines records into one digital system that everyone can view and add to at any time. While the financial services sector was the first to embrace blockchain, it’s now also gaining interest from the logistics industry… Read More
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
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
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
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.
In St. Louis,… 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
Members of Team JLL, along with more than 1,000 participants, took part in the “Master the Met” race, a vertical challenge to the top of the Metropolitan Square Building, the tallest building in St. Louis. JLL St. Louis, which manages the building and also is headquartered at the Met,… Read More