Jones Lang Lasalle

Dr. Megan Walters

Real Value In A Changing World

JLL is a leading professional services firm that specializes in real estate and investment management. A Fortune 500 company, JLL helps real estate owners, occupiers and investors achieve their business ambitions. In 2016, JLL had revenue of $6.8 billion and fee revenue of $5.8 billion and, on behalf of clients, managed 4.4 billion square feet, or 409 million square meters, and completed sales acquisitions and finance transactions of approximately $136 billion. 

At the end of the first quarter of 2017, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of more than 78,000. As of March 31, 2017, LaSalle Investment Management had $58.0 billion of real estate under asset management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. 

JLL has over 50 years of experience in Asia Pacific, with 36,800 employees operating in 95 offices in 16 countries across the region. The firm won the 'World's Best' and 'Best in Asia Pacific' International Property Consultancy at the International Property Awards in 2016 and was named number one real estate investment advisory firm in Asia Pacific for the sixth consecutive year by Real Capital Analytics. 

Thematic (Sector/Industry)

Australia Real estate / Thematic (Sector/Industry)

<figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/041/744/original/Blog_8Dec2017_v2.JPG?1515573771" class="editor-image img-responsive" data-smartkarma-image-id="41744"></figure>By <a href="http://www.jllapsites.com/research/author/annabel-mcfarlane/" target="_blank">Annabel McFarlane</a> / <a href="http://www.jllapsites.com/research/sectors/office/" target="_blank">Office</a> / <a href="http://www.jllapsites.com/research/geographies/australia/" target="_blank">Australia</a>Leasing incentives emerged in the late 1980s and have become an entrenched feature of Australian office markets. Historically, they were expressed as months rent-free over a ten-year lease (gross or net depending on the market).The level of incentive offered was intrinsically linked to market conditions. Higher vacancy creates competition between owners and a more generous incentive package for a tenant. In contrast, tight market conditions generate…

By Annabel McFarlane / Office / AustraliaLeasing incentives emerged in the late 1980s and have become an entrenched feature of Australian office markets. Historically, they were expressed as months rent-free over a ten-year lease (gross or net depending on the market).The level of incentive offered was intrinsically linked to market conditions. Higher vacancy creates competition between owners and a more generous incentive package for a tenant. In contrast, tight market conditions generate…

Australia's CBDs: Incentives Disconnect?