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City Rail Link series part 1: Overview
Vertical Vacancy Review Q2 2020
JLL to achieve global net zero carbon emissions by 2030
Traditionally given over to ventilation shafts or solar panels, today’s rooftops are increasingly becoming green spaces as part of a drive towards cleaner cities
Asia’s cities are leading the charge on employing super-fast internet speeds
Artificial intelligence may be in its infancy in the foodservice industry but it’s got huge potential
Investors and supermarket chains are becoming increasingly involved in the niche sector
City hotels are looking to locals during the lull in travelling further from home
Investment in health and safety tech helps industry prepare for the “silver tsunami”
Wellingtonians are voting with their feet with a noticeable return to the heart of the city.
Retailers invest in touchless technology, expecting longer-term shifts in consumer behavior
Local travel has been picking up after months of lockdown
While the need for more hospital beds has slowed, cities are now better prepared for a potential second wave of coronavirus
Apparel companies adjust as coronavirus impacts retail
E-learning, traffic patterns and off-campus housing are all part of complex strategies to bring students back
Currently, data centers in Asia Pacific are witnessing a surge in demand from both corporate users and investors. Find out more!
Green buildings are a key part of the solution to battle climate change. A building is classified as green if it meets certain defined criteria such as energy sustainability, water efficiency and environmental protection.
The CRL will have a significant impact on Auckland and its economy. This report delves into Auckland’s current issues and how the CRL can reimagine its future.
Overall North Shore industrial property vacancy increased 140 bps to 3.4% over 1H20, however limited supply is expected to keep vacancy levels low.
Overall vacancy in the Auckland City industrial areas slightly rose with supply continuing to slowly increase, while rents remained stable.
Across the Auckland city fringe average net face rents have fallen across the board in 2Q20, with rents in the CBD Fringe undergoing the largest decline.
Since 2H19, the total Christchurch retail vacancy has fallen only 0.9%, however with recent market shocks, rents decreased and incentives rose during 2Q20.
Auckland CBD retail vacancy has held up comparatively well during 1H20, but we expect to see vacancy tick up more noticeably throughout the rest of this year.
With the prevalence of Government tenants as a key demand driver for oﬀice space in the capital, prime demand is likely to remain high.
Although vacancy rates in the Wellington retail property market have held up thus far, we expect it to change after government support schemes end.
There has been a slight increase in vacant office space in Auckland North Shore over 1H20 as a result of diverse business impacts resulting from the pandemic.
There are noticeably fewer tenants seeking industrial space in South Auckland than in previous quarters but demand still remains.
The vacancy rate in Auckland suburban retail has increased 50 bps from last half while prime and secondary rents fell 8.9% and 3.6% accordingly.
Overall vacancy in the CBD increased with the main adjustment in lower grade oﬀice buildings while demand remains for premium offices in the Auckland CBD.