Heading into the second half of the year, the momentum in Nashville’s office sector shows no signs of slowing.
The already low vacancy rate for Class A office space has dropped even further, from 5.4 percent in first-quarter 2014 to 4.4 percent in second-quarter 2014, according to JLL’s Nashville Office Insight Q2 2014 report. The overall direct vacancy rate also continues to decline, from 9.9 percent in the first quarter to 9.1… Read More
Governors of many states are turning to the private sector and following proven strategies for delivering cost-effective real estate management that saves taxpayers money.
In Tennessee, Governor Bill Haslam took office in 2011 and challenged his new commissioners to determine more effective ways to run state government and to provide the very best services at the lowest possible… Read More
JLL has just issued its bi-annual Global Real Estate Transparency Index 2014, and the findings are highly encouraging for rising secondary markets in the U.S. like Nashville. The report quantifies real estate market transparency in 102 markets, helping investors and occupiers understand crucial differences between various countries across the globe.
As in the past, the world’s most transparent markets continue to be dominated by the highly liquid English-speaking regions, with the United… Read More
Look for leasing volumes in Memphis’s industrial market to continue to accelerate throughout 2014. That’s part of the positive forecast for Memphis included in JLL’s North America Industrial Outlook. According to the report, total net absorption was a positive 154,430 square feet in the Memphis market in the first quarter of 2014, which… Read More
Nashville has been making it onto a lot of top 10 lists lately.
A new ranking is particularly welcome news because it shows Nashville has entered elite company in the important tech information sector. Metro Nashville ranks No. 10 in the country for growth in the sector, according to Forbes, which… Read More
Steady job growth continues to be good news for Tennessee’s commercial real estate (CRE) markets.
Memphis added 500 jobs in March 2014 and the unemployment rate registered 8.2 percent, a full percentage point lower than the 9.2 percent unemployment rate in October 2013, according to the U.S Bureau of Labor Statistics (BLS).
Consistent job growth has pushed the total number… Read More
Senior Vice President Kevin McDowell will relocate his family to Nashville, Tenn.
Kevin McDowell, JLL Senior Vice President for Project and Development Services, will be permanently relocating to Nashville in his role as lead of the Tennessee division for JLL’s Southeast Region. McDowell has managed JLL projects in… Read More
We’ve simplified our name because real estate is complex enough
Underscoring its global operation, scale and vision for the future, Jones Lang LaSalle (NYSE: JLL), the professional services and investment management firm specializing in real estate, has announced that it is now using the name “JLL” and introducing a refreshed logo. The shorter name and new logo are: