Trends & Insights: The Future of Commercial Real Estate

BGO Chief Economist Ryan Severino, JLL chief economist David Rea, and Alberto Lopez, Global Forecasting Director at JLL, come together to discuss the evolution of rent forecasting in commercial real estate. AI is allowing for more precise calculations and forecasts than ever before, significantly improving predictive models. But the reliable interpretation and refinement of data are still paramount and require a human perspective. The discussion also covers the forecasting limitations, data quality requirements, and what the future could hold for this groundbreaking approach.  Subscribe: Apple Podcasts | Spotify | Google Podcasts   Leave a message on the podcast hotline. We may use it on an upcoming show. Call (602) 633-4061. Or email us at trendspodcast@JLL.com.  Get more insights about commercial real estate here. 

As the role of artificial intelligence (AI) in society continues to expand, there is a growing concern about the potential loss of human connection and the meaning of physical space. But Yuehan Wang, a technology research leader at JLL, thinks that AI may revolutionize our relationship with the built environment, prompting a reevaluation of human connection and trust. On this episode of Trends & Insights, Wang joins Eric Solomon, The Human OS founder and CEO, to delve into the unforeseen consequences of AI and its potential to revolutionize our relationship with physical space. Subscribe: Apple Podcasts | Spotify | Google Podcasts   Leave a message on the podcast hotline. We may use it on an upcoming show. Call (602) 633-4061. Or email us at trendspodcast@JLL.com.  Get more insights about commercial real estate here. 

The world's biggest companies, including major real estate firms, are increasingly exploring use cases for generative AI tools. Beyond their ability to create songs or write code, AI tools like ChatGPT can crunch data and build predictive models that can, for instance, make property management more efficient. Join Ankit Kapoor from consulting giant McKinsey, and Daniel Fenton, leader of JLL’s generative AI application, on this episode of Trends & Insights to learn about effectively harnessing generative AI in commercial real estate, how human integration remains a work in progress, best practices for leveraging its capabilities, and what’s next on the AI frontier. Subscribe: Apple Podcasts | Spotify | Google Podcasts   Leave a message on the podcast hotline. We may use it on an upcoming show. Call (602) 633-4061. Or email us at trendspodcast@JLL.com.  Get more insights about commercial real estate here. 

The recovery of the luxury hotel industry from the challenges of the pandemic have been extraordinary. Guests have returned and investors have noticed. Last year, global hotel liquidity finished at $51 billion, with more than 20% of the single-asset liquidity being derived from luxury assets—its highest portion since 2015, according to JLL research. In this episode of "Trends & Insights: The Future of Commercial Real Estate," Maybourne Hotel Group’s Marc Socker and Zach Demuth, JLL’s Global Head of Hotel Research, delve into how why global investors are staying positive on luxury hotels in 2024, in part due to the sector’s shedding its traditional habits and embracing a more inclusive approach, underlining a new era of hospitality. Subscribe: Apple Podcasts | Spotify | Google Podcasts   Leave a message on the podcast hotline. We may use it on an upcoming show. Call (602) 633-4061. Or email us at trendspodcast@JLL.com.  Get more insights about commercial real estate here. 

Retailers like gyms, grocery and department stores have traditionally played a crucial role as anchor tenants. But recent studies have flagged sports stadiums as having the potential to rival traditional anchors, generating millions, if not billions, of dollars. The recent attention has pushed developers to take a deeper look at sports stadiums. One big question for them: what happens when the stadium lights dim? Listen to industry experts Ersal Ozdemir, founder and owner of real estate development company Keystone Group and American soccer team Indy Eleven, and Jim Renne, JLL's national director for sports entertainment project development, chat about the creation of authentic communities, the life of stadiums beyond game days, and the economic drivers beyond these projects. Subscribe: Apple Podcasts | Spotify | Google Podcasts   Leave a message on the podcast hotline. We may use it on an upcoming show. Call (602) 633-4061. Or email us at trendspodcast@JLL.com.  Get more insights about commercial real estate here. 

Over 30 U.S. cities have committed to developing building performance standards by Earth Day in April, part of the Biden administration's National Building Performance Standards Coalition. But not all standards are the same, either in their ambition nor specific targets. New York's Local Law 97 aims to lower greenhouse gas emissions in large buildings. Other cities prioritize energy use intensity , which measures a building’s energy efficiency. In this episode of Trends & Insights: The Future of Commercial Real Estate, experts explore the nuances of these regulations, the potential penalties for non-compliance, and the strategies building owners are using to navigate this evolving landscape. Tune in to gain a deeper understanding of how new green standards are reshaping the industry and the opportunities they present for sustainability and innovation. Subscribe: Apple Podcasts | Spotify | Google Podcasts   Leave a message on the podcast hotline. We may use it on an upcoming show. Call (602) 633-4061. Or email us at trendspodcast@JLL.com.  Get more insights about commercial real estate here. 

Discover how car parks are harnessing technology to meet the demands of smarter cities, and just generally adapting to the changing urban landscape, in this episode of Trends & Insights: The Future of Commercial Real Estate. Join industry experts Adam Bidder, from Q-Park, and Colin Chan, head of JLL's Car Park Solutions team, as they explore the intersection of cars, parking and a city’s infrastructure. Subscribe: Apple Podcasts | Spotify | Google Podcasts   Leave a message on the podcast hotline. We may use it on an upcoming show. Call (602) 633-4061. Or email us at trendspodcast@JLL.com.  Get more insights about commercial real estate here. 

In the face of growing climate risks, businesses around the world are seeking solutions to mitigate the potential impact. Among the emerging tools at their disposal are nature-based solutions (NBS), which use nature and its ecosystems to address environmental challenges. It means using natural elements like forests, wetlands, and green spaces to provide sustainable and effective solutions. In the latest episode of Trends & Insights: The Future of Commercial Real Estate, climate experts Amanda Skeldon (JLL's UK Director of Climate and Nature) and Sean Mallon (Global Initiative Lead for the Climate Business Network at WWF) discuss how NBS can help tackle risks and promote business resilience. They provide practical advice and real-life examples on forthcoming policies and actionable strategies that can drive a sustainable and resilient future. Subscribe: Apple Podcasts | Spotify | Google Podcasts   Leave a message on the podcast hotline. We may use it on an upcoming show. Call (602) 633-4061. Or email us at trendspodcast@JLL.com.  Get more insights about commercial real estate here. 

Charles Myers, of Signum Global,  and JLL's  Ben Breslau delve into the potential risks and opportunities that await in the commercial real estate market for 2024. Gain valuable insights into how economic factors, including AI, interest rates, and geopolitical risks, will shape the industry landscape in the coming years as the industry experts cover a range of buzzing topics, including the economy, deglobalization, clean energy, the future of the office, and, of course, one of the hottest issues on the planet: artificial intelligence (AI). Tune in to the full podcast episode now. Subscribe: Apple Podcasts | Spotify | Google Podcasts   Leave a message on the podcast hotline. We may use it on an upcoming show. Call (602) 633-4061. Or email us at trendspodcast@JLL.com.  Get more insights about commercial real estate here.   

Gone are the days of warehouses being purely functional spaces with four walls, a roof, and not much else. In recent years, they have evolved into sustainable buildings infused with green technology that prioritizes the well-being of their workers. In this episode of Trends & Insights: The Future of Commercial Real Estate, industry experts Michael Ignatiadis from JLL and Jai Mirpuri from ESR Group dive into the rapidly evolving landscape of industrial real estate, sharing valuable insights about how sustainable practices and a tight labor market have shifted design elements in places like Japan, and whether we might soon see this globally. Subscribe: Apple Podcasts | Spotify | Google Podcasts   Leave a message on the podcast hotline. We may use it on an upcoming show. Call (602) 633-4061. Or email us at trendspodcast@JLL.com.  Get more insights about commercial real estate here.   

In this episode of "Trends & Insights: The Future of Commercial Real Estate" podcast, we are joined by guests working at the cutting edge of artificial intelligence (AI) to discuss the role it will play in revolutionizing commercial real estate. Jeevan Kalanithi, CEO and Co-Founder of OpenSpace, walks us through how his company uses computer vision and generative AI on construction sites. Raj Singh, the Managing Partner of JLL Spark Global Ventures, details AI’s potential economic benefits, its evolution within the industry so far, and the importance of integrating AI tools into existing processes. Join host James Cook as we explore the challenges and opportunities AI presents in commercial real estate. James Cook is the director of retail research in the Americas for JLL. Subscribe: Apple Podcasts | Spotify | Google Podcasts  Leave a message on the podcast hotline. We may use it on an upcoming show. Call (602) 633-4061. Or email us at trendspodcast@JLL.com. Get more insights about real estate here.

The transition to electric vehicles (EVs) is picking up speed, but the charging infrastructure is struggling to keep pace. On this episode of the 'Trends & Insights: The Future of Commercial Real Estate' podcast, host James Cook, along with EVgo's Adam Happel and JLL's Josephine Tucker, delves into the burgeoning demand for EV charging stations across the US. They discuss the anticipated growth in EV adoption, the urgent need for a tenfold increase in fast chargers, and the evolving public-private partnerships aiming to bridge the infrastructure gap. As the experts envision a future dominated by EVs, the race is on to develop a robust charging network that fuels this green revolution on the roads. Explore the full discussion and insights on the challenges and promises that lie ahead. James Cook is the director of retail research in the Americas for JLL. Subscribe: Apple Podcasts | Spotify | Google Podcasts  Leave a message on the podcast hotline. We may use it on an upcoming show. Call (602) 633-4061. Or email us at trendspodcast@JLL.com. Get more insights about real estate here.      

While a bigger paycheck is still a driver of job turnover, a new report from JLL shows that quality of life and personal development have never been more important for employees.   Despite economic uncertainty, the fight for quality talent continues. According to JLL research, more than 50% of office workers have left their jobs since the start of the pandemic. And more than 90% say they would consider changing jobs again in the next 12 months.  To attract and retain talent in the hybrid era, employers must rethink the pre-pandemic playbook. But can companies create workplaces that provide the flexibility that employees want, while also meeting productivity goals? Can a well-designed hybrid strategy foster real collaboration within the workplace – and help make your company a place workers want to visit? Flore Pradère, JLL's research director for Global Work Dynamics, and Amber Schiada, head of JLL America’s Work Dynamics research, discuss today’s new employee value proposition.  James Cook is the director of retail research in the Americas for JLL. Subscribe: Apple Podcasts | Spotify | Google Podcasts Listen on the web: BuildingPlaces.show Leave a message on the podcast hotline. We may use it on an upcoming show. Call (602) 633-4061 Read more real estate research here.

Investors are funneling billions of dollars into the life sciences industry, helping early-stage biotech companies—responsible for bringing nearly two-thirds of new products to market in the past decade—discover new therapies, make a positive clinical impact and grow. But first, they need to find more space—and finding any lab space in today’s market is nearly impossible, with demand high and supply nearly dried up.  Meanwhile, midsize biotech companies are facing a bear market and trying to conserve cash to weather the slowdown. One way they’re doing this: by subleasing excess space for the near future. This has given scaling companies a huge opportunity to get the space they need with more flexible leases. How do these deals work? Robert Coughlin, managing director of JLL's life sciences practice, explains. James Cook is the director of retail research in the Americas for JLL. Subscribe: Apple Podcasts | Spotify | Google Podcasts Listen on the web: BuildingPlaces.show Leave a message on the podcast hotline. We may use it on an upcoming show. Call (602) 633-4061 Read more real estate research here.

As tenants call for increased flexibility to meet the demand of dispersed teams and hybrid environments, flexible space can help make an asset more competitive in the market. What started as a sweet deal for startups and smaller companies looking for malleable lease terms, co-working has accelerated to a multibillion-dollar industry in demand from every sector. This is why JLL has predicted that 30% of office space will be flexible by 2030.   So, how can you be sure you’re serving up what your tenants need and ensuring your assets have the right mix of space amid this changing environment? Find out in this special live episode of Building Places, where host James Cook interviews JLL’s trifecta of flex expertise, including Jacob Bates, Head of Americas Flex by JLL, Anastacia Anderson, Vice President of Investor Partnerships, and Kez Anderson, Senior Vice President of Sales.   James Cook is the director of retail research in the Americas for JLL. Subscribe: Apple Podcasts | Spotify | Google Podcasts Listen on the web: BuildingPlaces.show Leave a message on the podcast hotline. We may use it on an upcoming show. Call (602) 633-4061 Read more real estate research here.