Category Archives: Office

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

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

Forsyth remains among the most expensive streets in America

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JLL’s Most Expensive Streets report reveals where office tenants pay top dollar

Just how much will companies pay to occupy one of America’s most desired office addresses? According to JLL’s 2017 Most Expensive Streets study, which looks at priciest U.S. office space, Forsyth in Clayton is one address with the most expensive rents… Read More

Bank of America Plaza Designated as BOMA 360 Performance Building

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Property Demonstrates Best Practices in All Aspects of Management and Operations

Bank of America Plaza has been officially designated a BOMA 360 Performance Building by BOMA International according to JLL (NYSE: JLL), property manager for the downtown St. Louis building. The prestigious BOMA 360 designation recognizes commercial properties that demonstrate best practices in all aspects… 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… 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… 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… Read More

Office Market Gets Back on Track

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St. Louis Office Market Highlights:

  • Quarterly absorption totaled 160,764 square feet. Clayton and West County buoyed the market with 294,176 square feet of absorption.
  • The suburbs continue to carry the region. Class A asking rates in the suburbs are 29.7 percent higher than the CBD.
  • Healthcare and financial services firms are driving future activity, the two
  • Read More