jll great lakes skyline 2014

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COLUMBUS DETROIT CLEVELAND CINCINNATI PITTSBURGH Great Lakes Skyline 2014 the 5 hard hitting facts IN COLUMBUS, QUALITY SPACE IS IN HIGH DEMAND OF SPACE IS CURRENTLY UNDER CONSTRUCTION 443,000 SF NEW SPECULATIVE CONSTRUCTION which means more state-of-the-art space options in the near future. SINCE ITS HIGH POINT IN Q4 2010. 11.5 % CINCINNATI OFFICE SPACE IS MORE ECONOMICAL TODAY THAN ALMOST A DECADE AGO 2014 PITTSBURGH IS RANKED AMONG IS AMONG 6 MARKETS NATIONALLY THAT HAVE EXPERIENCED A RENT DECREASE SINCE 2005. (Local market knowledge will be key to finding office space in the Pittsburgh CBD.) (Consider Detroit’s CBD now as premium space; it may be limited within the next years.) PREMIUM, CLASS A OFFICE SPACE IS NOW AVAILABLE IN THE CBD. As a result JLL experts observed this trend slowing down and even plateauing nationwide. '(752,7·6 REDEVELOPMENT STRATEGY PUSHING CBD TOTAL VACANCY down to leading to DOWNTOWN OCCUPIERS CONVERTED SUBURBAN TENANTS to with single-digit direct vacancy rates. 11 4.5 % CLEVELAND WAS AMONG THE TOP 4 CITIES IN THE NATION TO EMPLOY RIGHTSIZING—IMPROVING WORKPLACE EFFICIENCIES AND CUTTING COSTS. 2005 and CITIES IN THE U.S. DIRECT VACANCY IS

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Page 1: JLL Great Lakes Skyline 2014

COLUMBUS

DETROIT

CLEVELAND

CINCINNATI

PITTSBURGH

Great Lakes Skyline 2014the 5 hard hitting facts

IN COLUMBUS, QUALITY SPACE IS IN HIGH DEMAND

OF SPACE IS CURRENTLY UNDER CONSTRUCTION443,000SF

NEW SPECULATIVE CONSTRUCTION

which means more state-of-the-art space options in the near future.

SINCE ITS HIGH POINT IN Q4 2010. 11.5%

CINCINNATI OFFICE SPACE IS MORE ECONOMICAL TODAY THAN ALMOST A DECADE AGO

2014

PITTSBURGH IS RANKED AMONG

IS AMONG 6 MARKETS NATIONALLY THAT HAVE EXPERIENCED A RENT DECREASE SINCE 2005.

(Local market knowledge will be key to finding office space in the Pittsburgh CBD.)

(Consider Detroit’s CBD now as premium space; it may be limited within the next years.)

PREMIUM, CLASS A OFFICE SPACE IS NOW AVAILABLE IN THE CBD.

As a result

JLL experts observed this trend slowing down and even plateauing nationwide.

'(752,7·6¬����REDEVELOPMENT STRATEGY

PUSHING CBD TOTAL VACANCY

downto

leading to

DOWNTOWN OCCUPIERSCONVERTED SUBURBAN TENANTS

to

with single-digit direct vacancy rates.

11

4.5%

CLEVELAND WAS AMONG THE TOP 4 CITIES IN THE NATION TO EMPLOY RIGHTSIZING—IMPROVING WORKPLACE EFFICIENCIES AND CUTTING COSTS.

2005

and

CITIES IN THE U.S.

DIRECT VACANCY IS