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… 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.
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… 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… Read More