By: Wes Powell, International Director & Tom Poser, Executive Vice President
The expected passage of Proposition C will impact building owners, investors and tenants. The tax will increase the gross receipts tax paid by the landlord, directly increasing their operating expenses. Real estate owners already fund a significant portion of the city’s tax revenue. On average, San Francisco generates $300-$400 million from transfer tax and nearly $2 billion in property… Read More
Fire. Flood. Earthquake. As company CFO, are these events what keep you awake at night worrying about potential business disruptors? How about a prolonged power outage?
What about your computer system being invaded by a malicious actor, either to steal information or to install ransomware? What if your cloud-based platform has a single point of failure that you overlooked?
Building out office space can be overwhelming – not to mention expensive.
This year, for example, we estimate that even basic fit-outs for traditional office space in San Francisco will run $173.74 per square foot for the average user. That’s for a design based on a simple, low-cost budget with finishes focused on function over quality and containing basic technology and aesthetic design.
Cryptocurrency and blockchain, the ledger technology behind most cryptocurrency, is having a dynamic and disruptive effect on many aspects of the commercial real estate sector. In a series of blogs, we take a look at the latest developments in crypto and blockchain and delve into the areas of commercial real estate where they are having the biggest impact.
You know an investment sector is taking off… Read More
A new white paper titled Diversity: The Business Advantage reinforces what recent reports by organizations like the Center for Talent Innovation, accounting firm Grant Thornton and academic journal the Harvard Business Review have also said: diversity and inclusion fuel innovation and help drive growth and success for companies in today’s business environment.
“For the third straight year, the National Association of Female Executives (NAFE) declared JLL the… Read More
Last week we learned big news: unemployment in the U.S. dipped below 4 percent for the first time since 2000. Now at 3.9 percent, the jobless rate is reaching historically low levels. Unemployment was lower during the Korean War and even dipped as low as 1.2 percent during WWII, but 3.9 percent is a significant figure for peacetime.
“The low labor participation rate in the U.S., even while… Read More
Agile methodology used to be the sole domain of computing and IT departments. Today, the concept has spread to working in general—including the workplaces in which the work is performed. So, when you’re thinking about the future of work, agility should be top of mind.
Formation before function
Agile methodology was conceived as a management concept to speed IT projects, such… Read More
By: Jeff Badstubner, Senior Vice President, Retail Market Lead, JLL
Growth in Northern California’s grocery retail sector has been a “start and stop” affair in the last two years, following some tectonic regional shifts in 2015, most notably the $9 billion acquisition of Pleasanton-based Safeway by Albertsons. High construction and labor costs in the Bay Area have shown no signs of abating and this, as well as physical and psychological… Read More
Oh boy, it’s that time of the year again: MARCH MADNESS! The brackets are out. I’m ready for tip-off.
This year is a bit different though. Just before the four best prepared teams head to San Antonio for the Final Four (March 31-April 2) I’ll be celebrating a poignant anniversary. On March 25, it will be exactly 40 years since my teammates and I celebrated… Read More