JLL’s Jay Nugent featured on

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Jay.NugentJLL Senior Vice President Jay Nugent was featured in Biznow’s article “Why Retail is Driving Office Rents in OC.”  The article discusses the rising asking rents at buildings in close proximity to quality retail developments such as Fashion Island, which receives a 120% premium and the Irvine Spectrum Center at a 53% premium in comparison to the rest of their submarkets.  Jay explains “OC has always been more of a suburban marketplace where people have to get in their cars to get access to retail.  Employers now realize that having offices in walking distance of retail not only helps with recruitment and employee productivity, but retaining employees as well.”

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