Monthly Archives: April 2016

Building from the Ground Up: Industrial Spec Spotlight

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industrial spec

Last year set some modern-day records for the Chicago industrial market, including a new high water mark for net absorption at 19.1 million square feet. With vacancy under 7 percent for the first time since 2001, JLL brought together its top industrial clients to discuss what’s next. The word of the day is spec, said JLL’s George Cutro, Director of Midwest Industrial Research. It’s 70 percent of the market’s development pipeline and returning to levels last seen in 2007.… Read More

JLL Chicago Football Greats Share NFL Draft Predictions

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The 2016 NFL Draft’s first round kicks off tonight, and we have the perfect view of Draft Town from JLL’s headquarters at Aon Center. In anticipation, we checked in with our former football stars for their Chicago Bears’ predictions:

NFL Draft

Name: Kurt Kittner
Title: Managing Director, Downtown Tenant Representation
Played for: Chicago Bears, Atlanta Falcons, University of Illinois
Position: Quarterback
Best known for: Winning the Big Ten Championship. Career leader at Illinois with 70 touchdown passes and 24 wins.
Hopes the Bears draft: Zeke Elliott, Running Back at Ohio State.… Read More

JLL Celebrates Earth Day 2016

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The built environment accounts for about 40 percent of global energy consumption and around a third of the world’s carbon emissions, which means the real estate industry can play a significant role in reducing climate change impact.

In the last year alone, JLL signed the Caring for Climate declaration, pledged emissions reductions to the NAZCA and attended COP21 in Paris to show our support for a strong international climate agreement. To continue this momentum, the firm celebrated Earth Day last week and JLLers from around the world took part in related activities.

A video posted by JLL (@jllnews) on


In Chicago, sustainability is an integral part of JLL’s corporate headquarters renovation at Aon Center. A prime example is our LED lighting and sensor control system that automatically dims the lights for a 40 percent reduction in energy, while also providing plenty of light for work. Lights come on when employees arrive and dim when they go home. Whether dark or light, we’re always thinking green.

Check out some of our #JLLEarthDay social media highlights!… Read More

Our Economy: The Suburban Story

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Gregg_Raus_Mark_Kolar_Adam_Pines

JLL’s Northwest Market suburban team: Gregg Raus, Mark Kolar and Adam Pines

While today’s sensationalized headlines have led to some natural jitters across the suburban office landscape, a deeper dive into the numbers reveals a market on the rise and experiencing significant economic growth. More than 50 suburban business leaders joined JLL, the Schaumburg Business Association and the Federal Reserve Bank of Chicago, along with additional sponsors MECU and Rabine Group, last week to discuss the impact of global economic conditions on Schaumburg and the surrounding suburban submarkets.… Read More

Change of Plans: The Evolution of Law Firm Office Space

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Change of Plans

Like all other sectors, the legal industry is faced with changing demands around how it conducts business, interacts with clients and attracts and retains talent. More than 100 law firm leaders joined JLL this morning at Rustle & Roux to discuss what law firms need to do to stay competitive and how that is reflected in their real estate.

JLL research guru Christian Beaudoin set the stage, reinforcing the importance of law firms in the downtown office landscape. Law firms represent 42 percent of pre-leased space in Chicago’s new office towers under development, highlighting a subtle shift in tenant demand to the north and west. While 75 percent of JLL corporate clients have adopted open plan workspaces, what’s really going on inside law offices?… Read More