Tag Archives: Google

Chicago 2025: In the shared economy, do you know who your customer is?

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Spoiler alert. In the shared economy, everyone’s customer is the end user. The knowledge worker, the talent, the Millennials, whatever you want to call it. At Chicago 2025, JLL Chicago’s marquee event held earlier this month, we heard from some of the industry’s top thought leaders on how they’re navigating the shared economy’s major changes to the way we operate.

shared economy

Panelists John Gavin, Andrea Zopp and Chris Kelly

The No. 1 thing tenants talk about is talent, said World Business Chicago president and CEO Andrea Zopp, which is positive news for Chicago. We’re drawing college graduates at a higher rate than our comparable cities because people are looking for quality of life, affordability and a wide variety of housing options to evolve in an urban environment. And what talent wants is driving both major business decisions and major municipal ones, like Chicago’s investment in Divvy, our bike share program. All employers want is the ability to compete, and Chicago’s diverse economy, connectivity, access to transit, and quality of neighborhoods are all formidable tools for their arsenal. Expect forward-thinking initiatives like the planned express train to O’Hare to go a long way in attracting and retaining our major corporate occupiers.… Read More

Chicago 2025: The world will never move this slowly again

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Hundreds of industry leaders joined JLL Chicago to discuss Chicago 2025 and the shared economy. Transforming industries and challenging traditional business models, shared economy giants from Uber to WeWork have also become daily staples for all of us.

Chris Kelly

Chris Kelly, co-founder and president of Convene, a New York-based “workplace-as-a-service” platform and provider that expanded into Willis Tower last summer, kicked off the big event with a keynote. We’re on the cusp of a new paradigm, which will redefine the form and utility of office buildings. Seeing as office building design hasn’t changed since the turn of the century, the shared economy lifestyle is posing unique challenges for developers and owners alike.

The world will never move this slowly again. Knowing that two of the world’s largest economic forces, the shared economy and technology, have yet to make their mark on real estate’s dominant design, Chris shared some key predictions in building the office towers of the future:… Read More

Culture commandments from Google, Paylocity, ABT and Andigo

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“Culture eats strategy for breakfast.” –Peter Drucker

As the nature of work continues to change dramatically, the technology available to us, services we offer our employees and the spaces we create are evolving as well. A focus on experiences is driving the future of workplace culture, which was the topic of conversation last week at the Schaumburg Business Association’s Commercial Real Estate Summit – The Future of Work.

Our own Senior Vice President Mark Kolar and National Workplace Consulting lead Ed Nolan hosted a panel of workplace experts from both established and rapidly growing buzzworthy brands: Google HR Business Manager Jacky Schiestel; Paylocity VP of Human Resources Jay Schedler; ABT Electronics Co-President Mike Abt; and Andigo COO Jean Theis. Enjoy their culture commandments as inspiration to make bold changes in your own workplace.

culture

JLL’s Adam Pines and Mark Kolar; ABT’s Mike Abt; Andigo’s Jean Theis; Paylocity’s Jay Schedler; JLL’s Ed Nolan; SBA’s Kaili Harding; and Google’s Jacky Schiestel

Just say yes

ABT doesn’t have an employee manual, but for more than 80 years and three generations, the founding family has been instilling a culture of “yes.” Employees quickly learn to take on any reasonable request from a customer, which infuses the store with positive energy and optimism.… Read More

Everybody gets a roof deck: Fulton Market goes from Oprah to office mecca

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We’ve all seen it before. The meatpacking plant becomes the pioneering coffee shop becomes the hippest new neighborhood on the fringe. With 54 percent of the world’s population now living in urban areas and one million more moving to cities each week, the demand is there for these once-neglected submarkets to become cities’ greatest assets. For a prime local example, look no further than Fulton Market.

Fulton Market

Unlike the sleepy, 9-to-5 CBD and over-saturated River North and West Loop submarkets, Fulton Market offers off-the-beaten-path edge just minutes from downtown and is beginning to host an ever-widening array of uses. How did it all start? As one of Oprah’s “Favorite Things.”… Read More

Oh beautiful, for spacious offices: Expanding leases speak to market strength

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Here’s some exciting office market news before your July 4th long weekend. Both the Chicago CBD and suburbs finished Q2 with a flurry of deals. In fact, since Q3 2014, more than 60 percent of 20,000-plus square-foot leases in both submarkets have been expansions.
CBDandSuburbsExpansions
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Tech, suburban migration fuel Chicago CBD office growth

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The downtown office market saw measured growth in the first quarter of 2015, with vacancy down to 12.7 percent and rent up 4.7 percent. But those numbers alone don’t tell the full story.

“The tech boom and suburban migration are not new phenomena, but both classes of tenants continue to drive leasing momentum,” said JLL Senior Vice President Nooshin Felsenthal. “It all comes back to job growth and companies’ desire to attract top-tier talent.”

Merchandise_Mart

Photo credit: Steve Geer

Here are seven secrets behind downtown’s rising office market and its potential for landlord leverage:… Read More

Why Fulton Market / River West?

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Fulton Market District

NOTE: The following post originally appeared on the Catapult Chicago Blog.

By Corey Siegrist
Vice President, Tenant Representation
Jones Lang LaSalle

From dozens of new restaurants to Sterling Bay’s purchase of 10+ buildings, the Fulton Market/River West area is quickly becoming one of the most sought-after neighborhoods for tech and emerging growth… Read More