JLL Senior Managing Director Jeff Ingham spoke exclusively with GlobeSt.com for their article “Deliveries Still Won’t Satisfy Office Demand” about how the 3.5 million square feet of planned construction will affect the strong tenant demand for office space in Orange County. Jeff explains, “We see a big trend of construction in this market, but it’s not enough space to meet the demand for office space.” JLL research… Read More
In September, Orange County gained 3,400 jobs with the following sectors recording the biggest changes: Government (+10,100) and Educational & Health Services (+2,200). Over the last 12 months, Orange County added 44,900 jobs. The County’s unemployment rate decreased to 4.0 percent from 4.5 percent the month prior, remaining lower than… Read More
JLL’s Les Boudwin coined the term ‘surge-demand’ when Amazon took occupancy of a 1.0-million-square-foot facility in Dupont, WA in the fall of 2013. Buildings of this size are rare in greater Seattle, and this one deal comprised nearly a quarter of the market’s net absorption that year.
Recent Amazon move-ins in Baltimore and Tampa Bay also elevated… Read More