Monthly Archives: October 2015

Chart of the week

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11-2-15_COWClick on image to view full versionRead More

Will current construction satifsy increasing tenant demand?

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10-26-15_JeffInghamJLL 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

Orange County employment update │ October 2015

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10-22-15_Orange County Economic Overview_Employment update_October 2015_Page_1In 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

Does ‘big-box’ leasing sometimes create statistical anomalies?

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10-21-15_ImpactSeriesJLL’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