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Area Development - Site Selection, Facility Planning and Workforce Development

Jones Lang LaSalle: Office Occupier Outlook Q3 2010

In its outlook for office occupiers, Jones Lang LaSalle advises corporations not to wait to seek commercial real estate deals.

11/9/2010
Corporate real estate clients and investors should not wait to seek the best deals on commercial real estate, Jones Lang LaSalle says in a recent paper. While the market overall is still soft, certain geographic locations and sectors are showing strong recovery signs, hinting that the current occupier's market won't last for long.

Uncertainty in the labor market is limiting broad-based demand for commercial real estate. But corporate profits have boosted confidence, having increased 65 percent since reaching bottom in the fourth quarter of 2008. Many corporations have invested these profits in their facilities.

In 2011, the amount of choice in the leasing market will begin to decline. Looking ahead, the office market is still far from its peak, and low competition for space nationally will result in a tenant-favorable market.

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