Landlord provided tenant improvement (TI) allowances spiked by nearly 10 percent in the latter half of 2017, outpacing rent growth, as a few features of the office and construction environments began to take hold in the industry. Read more about how these concepts are impacting the cost of building out in our recently released 2018 Office Fit Out Guide.
•Nearly 70 million-square-feet of new office product was delivered across the U.S. in 2017, driving landlords of both new and existing assets to compete for tenants with large TI packages.
•As tenants begin to move to higher quality space, landlords are increasing TI packages to entice tenants and assist them in building out those sought after superior spaces.
•Construction costs grew a solid 15.5 percent over the last five years as materials and labor costs continue to mount. Consequently, tenants are increasingly expecting landlords to foot a growing part of the build budget.
Spotlight on Quick Serve Restaurants
Spotlight on how experiential trends are reshaping the food and beverage industry: Quick Serve Restaurant (...
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Spotlight on how experiential trends are reshaping the food and beverage industry: Grocery
The food and beverage industry is continually shifting, and grocery is no exception, experiencing a 5.4 percent increase in sales over 2015.
Spotlight on Quick Serve Restaurants
Spotlight on how experiential trends are reshaping the food and beverage industry: Quick Serve Restaurant (QSR)
2018 U.S. and Canada Fit Out Guide
Gain insight into the average costs to build out three different office layouts in the U.S. and Canada using data developed from more than 2,800 projects. Learn more about our report: http://www.us.jl
Open floor plan opens lines of communication – while saving costs
If you’re looking for an open floor plan, a Progressive style office might just be the right style for you – and you’d be in good company.
In light of the recent tariff announcement, here's what you need to know about steel, aluminum and construction
On March 1st, President Trump announced a new tariff on imported steel and aluminum products coming into the U.S. The construction industry is positioned to see the most impact in the near future.
U.S. Construction Update: Year-end 2017
2017 ended on a high note for the construction industry as both construction spending and the workforce saw positive growth year-over-year.
Spending on U.S. construction in 2017 to hit $1.2 trillion
Looking at the top five largest growth sectors, we can begin to see where activity picked up throughout the year.
U.S. Spending on airport construction and renovation skyrockets
2017 hit record highs for construction spending on airport facilities, hitting an estimated $4.7B for the year – over three times 2016 levels.
What's your cool new office space going to cost you?
Tech offices on average cost 15 percent less than a traditional office space.
How does geography impact your outpatient renovation cost?
JLL’s Outpatient Renovation Cost Guide highlights the average out-of-pocket cost per square foot to renovate an outpatient facility across the nation. Check out the top five highest cost markets.
Rebuilding by the numbers
Low construction unemployment and slim workforce in will slow rebuilding progress in Houston and South Florida.
Sports facility development profile
Snapshot U.S. Sports Facilities Construction to increase to $5B
U.S. construction materials costs and inflation
Speaking of freedom, how much do capitols cost?
Comparing the costs of constructing capitol buildings across the U.S. is pretty revealing. How much do popular capitols actually cost?
Make safety a priority with the OSHA Top 5
Take a look at the top 5 OSHA violations in 2016 in order to avoid accidents and make safety a focus for your team.
Where's our workforce? Here's the top (and bottom) states for construction unemployment
Construction unemployment continues its spring decline as projects are underway. Check out the top and bottom states for construction unemployment.
Industrial construction continues to thrive as vacancy hits 17-year low
The overall industrial construction pipeline continues to grow, up 29 percent from Q4 2016. JLL's Q1 Industrial Outlook takes a look at what is driving construction.
U.S. Construction trends and outlook (Q3 2016)
Our Q3 U.S. Construction Outlook explores the current state of the construction industry and expectations for the coming months. Specifically, we take a look at how economic risk, labor shortages and
Bigger piece of pie in the South: Contractors’ future work demand growing