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Office Space

We make owned and leased office space more valuable by improving its productivity and financial performance

​​​​​​​​​​​​​​​​From acquisition to disposition—and every phase in between—our specialists in leasing, management and capital markets know how to position office assets and portfolios for long-term success. We devise more strategies and execute more transactions involving office space than any other property type.

If you're an owner or institutional investor, you'll benefit from our intimate knowledge of office markets and tenants—in your own back yard and around the globe. We'll skillfully manage your property to enhance its value and help you achieve the highest returns. And when it's time to sell, we'll bring the right buyers to the table and execute a transaction that exceeds your expectations.

If you're a company that owns or leases office space, we'll make sure it's flexible enough to meet your business and financial goals, operates efficiently and is capable of driving productivity.

Tapping over 230 years of global real estate experience, JLL's network at every level – international, regional and local – serves to build relationships between owners, occupiers and investors. In China, we offer you the most extensive market coverage through highly experienced agency professionals who are constantly in touch with the changing real estate situations in the markets. Our resources, commitment and experience gives you an integrated solution tailored specifically for your unique office needs, and access to the industry's best practices.


To know more about JLL China 
Office sector capability, please submit your inquiry via "Contact us" at the right navigation.​

 

 

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Co-working spaces in shopping malls - what’s the secret to this ‘perfect match’?/china/en-gb/news/647/coworking-in-shopping-mallCo-working spaces in shopping malls - what’s the secret to this ‘perfect match’?<h3><span style="font-size:18px;"><strong><em>​Both software and hardware upgrade are key to the success</em></strong></span></h3><p><strong>SHANGHAI, March 20, 2018</strong> – Co-working companies are scooping up empty space in China's shopping malls, where retail landlords are seeking new ways to adjust to the boom in e-commerce.</p><p>In Shanghai, WeWork took space in the Xuebao Shopping Mall. MyDreamPlus' leased space in the Fucheng International mall in Chengdu, while Guangzhou G.T. Land Plaza's has used its own model for co-working office space.</p><p>"Shopping centers have been seeking ways to counter the impact of  e-commerce, which has hit traditional retailers and mall owners hard in recent years. Introducing co-working spaces offers a new dimension from the current focus on family-based and entertainment activities", according to <strong>Eric Hirsch, Head of Markets, Beijing at JLL.</strong></p><p>"The benefits for a shopping mall when you bring in co-working spaces is that, in addition to helping fill vacant space, they should create more business opportunities for their retail and F&B tenants during working days when foot traffic is traditionally lower." Hirsch added.</p><p>For malls, it can also provide specific benefits. CapitaMall Wangjing ushered in a 1500 square meter UR Work co-working space, killing several birds with one stone: While differentiating its brand from other malls, the move also ushered in a raft of new shoppers.</p><h3><strong>Why is converted retail space a favorite?</strong></h3><p>A key issue for co-working in 2018 is how to offer increasingly innovative, fun, and rich communities to their demanding millennial workforces. Some co-working firms are finding moving into a shopping mall might be a good approach.</p><p>The "Easywork" space launched by Longfor in 2016 started with a 2,044 square meter space at their Beijing Changying Paradise Walk integrated development. Linked to an outdoor patio, it combines functions as a working space and showroom vehicle (for example for meetings, exhibitions and roadshows) for the tenant companies. By the end of its first half month in operation, it was running at 100% occupancy.</p><p>Another big factor for younger employees: Ease of transit.</p><p>"When finding a site for co-working, firstly you definitely have to look at how convenient the transit is, whether it's in a business district, whether it's close to a metro station,"<strong> Joe Zhou, JLL Head of Research for China</strong>, "Shopping malls normally locate in these transportation hubs."</p><h3><strong>A hard couple to match – both software and hardware need to fit</strong></h3><p>Experts warn that updating retail spaces for co-working habitation require more than a sticking-plaster solution. </p><p>"Owners need to get the rebuild right," said <strong>Ellen Wei, Head of Retail Shanghai & China Landlord Representation Lead at JLL</strong>. </p><p>There are two elements to this: <strong>Hardware and software</strong>.<br></p><p>In 'hardware' terms, malls and <a href="http://www.joneslanglasalle.com.cn/china/en-gb/services/property-types/office" target="_blank">offices</a> have completely different requirements for daylight penetration and interior layout design and themes. Co-working, for example, is best suited to small spaces, ideally 1000-2000 square meters. </p><p>The challenge for a rebuild is thus to wall off that kind of free-standing space and meet the daylight, layout and other standards for office space. </p><p>Office hours are also different to typical retail opening hours, so the challenge is to equip the co-working space with a dedicated entrance, elevator, power supply and HVAC. These are factors that decide whether a co-working rebuild is feasible.</p><p>In 'software' terms, an office space has to be sufficiently isolated from the mall operationally. Particular care is required during the rebuild to keep the co-working space isolated from elements such as the mall's PA background music and interior smells.</p><p>"A perfect match between a mall and a co-working space needs the right conditions for re-engineering," Ellen said.<br></p><p style="text-align:center;">​​– ends –​​</p><p>​​<span style="line-height:20.8px;">​</span><em style="line-height:1.6;">>>>Read more about <a href="http://www.joneslanglasalle.com.cn/china/en-gb/services" target="_blank" rel="nofollow">JLL ​Services​</a></em><br>​<em style="line-height:1.6;">>>>Read more about </em><em style="line-height:1.6;"></em><em style="line-height:1.6;"><a target="_blank" rel="nofollow" href="http://www.joneslanglasalle.com.cn/china/en-gb/news" style="line-height:1.6;">JLL News</a>​</em><br>​<em style="line-height:1.6;">>>>Read more a​bout​ </em><a target="_blank" rel="nofollow" href="http://www.joneslanglasalle.com.cn/china/en-gb/research" style="line-height:1.6;"><em>JLL Research​​​</em></a><em style="line-height:1.6;"><br></em>​​<br></p><span class="ms-rteFontSize-1 ms-rteThemeForeColor-5-0"><strong><em></em></strong></span><span class="ms-rteFontSize-1 ms-rteThemeForeColor-5-0"><strong><em>About JLL</em></strong></span><p>JLL (NYSE: 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 year-end 2016, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of more than 77,000. As of December 31, 2016, LaSalle Investment Management has $60.1 billion of real estate under asset management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, <a target="_blank" href="http://www.joneslanglasalle.com.cn/" rel="nofollow">www.jll.com</a>. </p><p>JLL has over 50 years of experience in Asia Pacific, with 36,000 employees operating in 94 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 fifth consecutive year by Real Capital Analytics.​ <a target="_blank" rel="nofollow" href="http://www.joneslanglasalle.com.cn/asiapacific">www.jll.com/asiapacific</a>  </p><p>In Greater China, the firm was named ‘Best Property Consultancy in China’ at the International Property Awards Asia Pacific 2016, and has more than 2,200 professionals and 14,000 on-site staff providing quality real estate advice and services in over 80 cities across the country​.  <a target="_blank" rel="nofollow" href="http://www.joneslanglasalle.com.cn/china/en-gb">www.joneslanglasalle.com.cn</a>​​​​​​​​​​​​​​​​​<br></p>0x0100E81015D9D08198458B498FF948D658F90052B0972AFC77B94093C478C1B5B47C88
Record-breaking Q4 2017 real estate investment volumes in Asia Pacific sound a positive note for 2018/china/en-gb/news/644/2017q4-asia-real-estateRecord-breaking Q4 2017 real estate investment volumes in Asia Pacific sound a positive note for 2018<p>​​<strong style="font-size:18px;color:#262626;font-family:"segoe ui semilight", "segoe ui", segoe, tahoma, helvetica, arial, sans-serif;"><em>​​​​​Investors look to traditional favourites Hong Kong, Australia and Japan, with uplift in cross-border investment activity</em></strong></p><p><strong>SHANGHAI, 27 February 2018</strong>  –  Investment volumes in the last quarter of 2017 reached a new high of US$52 billion in Asia Pacific, up 16 per cent compared to the same period in 2016, according to new data from real estate consultant JLL.  Direct investment in China was RMB208 billion, almost the same as 2016.</p><p>Shanghai saw a notable 41% pickup in international investment to become the third largest recipient of offshore capital in the world. Investors were particularly active during the fourth quarter with nearly US$3.5 billion in acquisitions. Notable among them was Hong Kong-based Gaw Capital's US$757 million acquisition of Sky Soho, a group of Grade-A commercial assets.</p><p>Traditional favourites Hong Kong, Australia and Japan all saw an increase in transaction volumes, with Hong Kong's red-hot market leading the way. Its Q4 transaction volumes reached US$7.4 billion, a 171 per cent year-on-year increase driven by mega-deals such as the US$1.15 billion sale of Wheelock's 8 Bay East in Kwun Tong. Australia (+40 per cent) and Japan (+31 per cent) followed behind Hong Kong. The Hong Kong figures exclude the US$5.2 billion sale of The Centre, which will close in early 2018.</p><h3><strong>Asian investors sweep the podium</strong></h3><p>Driven by a number of high-profile deals throughout the year, investors from China, Singapore and Hong Kong took the top three places for most active cross-border purchasers of real estate in 2017. With combined foreign acquisitions of US$60 billion, capital from the three biggest spenders made up nearly 20% of all cross-border flows. By far the largest increase in activity came from Hong Kong, where overseas purchases have more than doubled since 2016. Similarly, capital outflows from Singapore have grown consistently in recent years, from just US$8.4 billion in 2014 to US$15.6 billion in 2017.</p><p>A record year for Chinese outbound capital flows saw acquisitions of foreign property worth US$39.4 billion in 2017. Not only does this represent a year-on-year growth rate of 31%, it also marks the first time that Chinese investors have been the most prolific movers of capital over the course of a full year. One of the key drivers for the exponential growth of Chinese outbound investment over the past years has been Chinese investors looking to diversify their portfolios. This factor will remain unchanged over the years to come. With tough government measures implemented to restrict capital flows since 2016, future capital flows will be measured and targeted. Investment decisions will be made in greater alignment with the government's strategic aims, its industrial policy and the international activities of Chinese corporations. With all of these, further growth of Chinese outbound investment can be expected in the medium to long term.</p><h3><strong>Investor interest in traditional favourites Australia and Japan remains</strong></h3><p>Australia remains a top pick for investors with its comparatively higher yields, strong rental growth prospects in Sydney and Melbourne, and position as one of the world's most transparent real estate markets. Investment volumes in Australia reached US$7.2 billion in Q4 2017, compared to US$5.2 billion in Q4 2016. Transaction volumes in Japan reached US$10.5 billion in Q4 2017, up 31 per cent year-on-year, with foreign investors remaining active. Norges Bank Investment Management, the Norwegian pension fund, made their first Asia Pacific real estate investment in Tokyo in December. The joint venture with Tokyu Land saw them scoop a portfolio of five prime retail assets.</p><p>For more information, download our "<a href="http://www.theinvestor.jll/gcf/" rel="nofollow" target="_blank">Global Capital Flows</a>" report.</p><p style="text-align:center;">​​– ends –​​</p><p>​​<span style="line-height:20.8px;">​</span><em style="line-height:1.6;">>>>Read more about <a href="http://www.joneslanglasalle.com.cn/china/en-gb/services" target="_blank" rel="nofollow">JLL ​Services​</a></em><br>​<em style="line-height:1.6;">>>>Read more about </em><em style="line-height:1.6;"></em><em style="line-height:1.6;"><a target="_blank" rel="nofollow" href="http://www.joneslanglasalle.com.cn/china/en-gb/news" style="line-height:1.6;">JLL News</a>​</em><br>​<em style="line-height:1.6;">>>>Read more a​bout​ </em><a target="_blank" rel="nofollow" href="http://www.joneslanglasalle.com.cn/china/en-gb/research" style="line-height:1.6;"><em>JLL Research​​​</em></a><em style="line-height:1.6;"><br></em>​​<br></p><span class="ms-rteFontSize-1 ms-rteThemeForeColor-5-0"><strong><em></em></strong></span><span class="ms-rteFontSize-1 ms-rteThemeForeColor-5-0"><strong><em>About JLL</em></strong></span><p>JLL (NYSE: 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 year-end 2016, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of more than 77,000. As of December 31, 2016, LaSalle Investment Management has $60.1 billion of real estate under asset management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, <a target="_blank" href="http://www.joneslanglasalle.com.cn/" rel="nofollow">www.jll.com</a>. </p><p>JLL has over 50 years of experience in Asia Pacific, with 36,000 employees operating in 94 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 fifth consecutive year by Real Capital Analytics.​ <a target="_blank" rel="nofollow" href="http://www.joneslanglasalle.com.cn/asiapacific">www.jll.com/asiapacific</a>  </p><p>In Greater China, the firm was named ‘Best Property Consultancy in China’ at the International Property Awards Asia Pacific 2016, and has more than 2,200 professionals and 14,000 on-site staff providing quality real estate advice and services in over 80 cities across the country​.  <a target="_blank" rel="nofollow" href="http://www.joneslanglasalle.com.cn/china/en-gb">www.joneslanglasalle.com.cn</a>​​​​​​​​​​​​​​​​​</p>0x0100E81015D9D08198458B498FF948D658F90052B0972AFC77B94093C478C1B5B47C88
JLL makes FORTUNE’s 2018 World’s Most Admired list/china/en-gb/news/643/fortune-2018JLL makes FORTUNE’s 2018 World’s Most Admired list<h3><span style="font-size:18px;"><strong><em>​​​Ranking recognizes company's reputation for innovation, people management and global competitiveness</em></strong></span></h3><p><strong>SHANGHAI, 31 January 2018</strong> – JLL has again been named to FORTUNE magazine's World's Most Admired Companies list. The list is a major authority on corporate reputations compiled each year by FORTUNE and Korn Ferry Hay Group through a survey of 3,900 top executives, directors, experts and financial analysts.</p><p>"We are proud to again be included on Fortune's annual list of the World's Most Admired Companies," said <strong>Christian Ulbrich, JLL CEO</strong>. "This continued recognition reflects our strong core values of teamwork, ethics and excellence, and our commitment to enabling our clients and our people to achieve their ambitions." </p><p>FORTUNE's list of World's Most Admired Companies determines the companies with the strongest reputations within and across industries. Korn Ferry Hay Group, a global consulting firm, has worked with FORTUNE each year since 1997 to select and rank the Most Admired Companies and identify why they are highly regarded. </p><p>The World's Most Admired Companies list, and more information on how the rankings were determined, can be found on the <a href="http://fortune.com/worlds-most-admired-companies/" target="_blank" rel="nofollow">FORTUNE website</a>.</p><p>Clients and third-party organizations continue to recognize JLL globally for its ethics, corporate citizenship and commitment to being an employer of choice. JLL has collected the following U.S. and global awards in the last year:</p><p></p><ul><li>Dow Jones Sustainability Index, North America, second year in a row<br></li><li>One of World's Most Ethical Companies, Ethisphere Institute, 10th year in a row<br></li><li>LinkedIn Top Companies, second year in a row<br></li><li>Working Mother 100 Best Companies<br></li><li>Perfect score on the Human Rights Campaign Foundation's Corporate Equality Index, fourth year in a row<br></li></ul><div><p style="text-align:center;">- ends -​</p><em style="line-height:1.6;">>>>Read more about <a href="http://www.joneslanglasalle.com.cn/china/en-gb/services" target="_blank"><span class="ms-rteThemeForeColor-5-0"></span></a><a href="http://www.joneslanglasalle.com.cn/china/en-gb/services" target="_blank"><span class="ms-rteThemeForeColor-5-0">JLL Services​</span></a></em><br><p><em style="line-height:1.6;">>>>Read more about </em><em style="line-height:1.6;"><a target="_blank" href="http://www.joneslanglasalle.com.cn/china/en-gb/news" style="line-height:1.6;">JLL News</a><br></em><em style="line-height:1.6;">>>>Read more about​ </em><a target="_blank" href="http://www.joneslanglasalle.com.cn/china/en-gb/research" style="line-height:1.6;"><em>JLL Research</em></a>​​</p><p>​​</p><p><strong class="ms-rteThemeForeColor-5-0"><em>About JLL</em></strong></p><p>JLL (NYSE: 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 2017, JLL had revenue of $7.9 billion and fee revenue of $6.7 billion; managed 4.6 billion square feet, or 423 million square meters; and completed investment sales, acquisitions and finance transactions of approximately $170 billion. At the end of 2017, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of 82,000.  As of December 31, 2017, LaSalle had $58.1 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit  <a href="http://www.joneslanglasalle.com.cn/" target="_blank" rel="nofollow">www.jll.com</a>. </p><p>JLL has over 50 years of experience in Asia Pacific, with over 37,000 employees operating in 96 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​.​​ <a href="http://www.joneslanglasalle.com.cn/asiapacific" target="_blank" rel="nofollow">www.jll.com/asiapacific</a>  </p><p>In Greater China, the firm was named ‘Best Property Consultancy in China’ at the International Property Awards Asia Pacific 2016, and has more than 2,200 professionals and 14,000 on-site staff providing quality real estate advice and services in over 80 cities across the country​​.  <a href="http://www.joneslanglasalle.com.cn/china/en-gb" target="_blank" rel="nofollow">www.joneslanglasalle.com.cn​</a>​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​</p></div><p></p>0x0100E81015D9D08198458B498FF948D658F90052B0972AFC77B94093C478C1B5B47C88

 

 

Asia Pacific Property Digest 4Q 2017/china/en-gb/research/304/asia-pacific-property-digest-4q-2017Asia Pacific Property Digest 4Q 2017Sustained momentum leads to record-breaking investment volumes0x01010063443623C9F9004FA21AA8EABD6132C80096456DD4F4AF204EB9DD2C24B361B045
Asia Pacific Property Digest 3Q 2017/china/en-gb/research/296/asia-pacific-property-digest-3q-2017Asia Pacific Property Digest 3Q 2017Real estate activity on track for Asia Pacific0x01010063443623C9F9004FA21AA8EABD6132C80096456DD4F4AF204EB9DD2C24B361B045
Who was filling Tianjin's office sapce in 2017?/china/en-gb/research/302/2017-tianjing-officeWho was filling Tianjin's office sapce in 2017?For the past three years, the residents in the downtown of Tianjin saw an average of one high-quality office building with 50,000 sqm GFA(Gross Floor Area) rising every three months. 0x01010063443623C9F9004FA21AA8EABD6132C80096456DD4F4AF204EB9DD2C24B361B045