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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.


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Decentralized offices perform well despite large supply/china/en-gb/news/623/shanghai-third-quarter-real-estate-marketDecentralized offices perform well despite large supply<h3><span style="font-size:18px;"><em>​​​According to JLL Shanghai Third Quarter Property Review</em></span></h3><p><strong>Shanghai, October 11, 2017</strong> – Shanghai's office market remained active with domestic financial service firms, TMT companies, and coworking operators leasing space in the CBD. "The decentralized <a href="http://www.joneslanglasalle.com.cn/china/en-gb/services/property-types/office" target="_blank">office​</a> market continued to perform strongly, with vacancy falling and rents rising even as the market experienced a large wave of new supply," said <strong>Eddie Ng</strong>, Managing Director for JLL East China. High-end <a href="http://www.joneslanglasalle.com.cn/china/en-gb/services/property-types/residential" target="_blank">residential </a>prices continued to rise on limited supply and solid demand from local upgraders. In the retail market, five new completions made the third quarter the year's most active so far. <a href="http://www.joneslanglasalle.com.cn/china/en-gb/services/property-types/industrial-and-logistics" target="_blank">Logistics</a> rental growth accelerated as supply remained limited and vacancy declined. Office and hotel deals dominated Shanghai's <a href="http://www.joneslanglasalle.com.cn/china/en-gb/services/investors-and-developers/capital-markets" target="_blank">investment​</a> market in a quiet quarter for overall investment volumes.</p><h3><strong>Office</strong></h3><p><strong><em>Strong upgrade demand helps fill new Grade A space</em></strong>. Leasing demand in the CBD continued to be led by domestic financial services companies, particularly those in the asset management and securities sectors. Technology, media, and telecommunications (TMT) firms also contributed to take up as they continued to upgrade and expand. "Coworking operators also expanded in the CBD, as multiple high-profile operators secured locations," said <strong>Anny Zhang</strong>, Head of Markets for JLL Shanghai. The decentralized market remained active, with Pudong demand feeling the effects as some companies looking to save costs considered decentralized options. Firms upgrading and expanding from older Grade A and B buildings drove demand for new space, while also leading to heightened vacancy in those older buildings.</p><p><strong><em>Pudong Expo area sees wave of new completions</em></strong>. No new projects reached completion in the CBD. While leasing activity remained steady, competition from the decentralized market led CBD vacancy to rise slightly, up 0.1 pps q-o-q to 12.5%. In the decentralized market, nine projects with a total GFA of 397,000 sqm reached completion, of which eight were located in the Pudong Expo area. As the majority of those projects are reserved partially or completely for self-use, overall decentralized vacancy fell by 1.5 pps to 24.2% despite the new supply.</p><p><strong><em>Robust demand supports rental growth in the decentralized market</em></strong>. While the CBD saw moderate leasing, older properties felt rental pressure as space was vacated by tenants' upgrade and expansion activity. As a result, overall CBD rents recorded a slight decline of 0.3% q-o-q. Meanwhile, rents in the decentralized market - and particularly in fringe CBD areas - continued to gain momentum, with rents rising 1.3% q-o-q.</p><h3><strong>Strata-titled Office</strong></h3><p><strong><em>Capital values rise on strong demand and limited supply</em></strong>. Inquiry levels remained strong, particularly from tenants seeking to buy space for self-use. A lack of new completions this quarter, however, limited buying opportunities and contributed to sales volumes reaching only 58,129 sqm in 3Q17, down 55.7% from the quarter before. Limited inventories and lack of new supply helped landlords remain confident, particularly in popular submarkets such as Hongqiao Transportation Hub, North Sichuan Road & North Bund, and Dalian Road. Capital values rose 1.7% y-o-y to RMB 42,262 per sqm. Looking ahead, strong demand and limited supply are expected to support price growth over the next twelve months.</p><h3><strong>Residential</strong></h3><p><strong><em>Tight policy continues to weigh on overall sales volume</em></strong>. Policy remained tight as some commercial banks stopped offering discounts on mortgage rates and raised down payment requirements for first-time buyers. The quarter ended on a subdued note with mass market sales volume down 51% in September compared to a year before, and down 59% q-o-q for the quarter as a whole. In the high-end market, demand from local upgraders remained stable, though restrictive policy and limited supply kept sales volumes subdued. High-end sales in 3Q17 declined to 186 units, a decrease of 63% q-o-q and 82% y-o-y. High-end inventory fell 7%, while the clear-up period rose to about 15 months.</p><p><strong><em>Supply down as developers delay new launches</em></strong>. New supply declined in both the mass market and the high-end. Many developers delayed launching new units as they awaited a more favorable policy environment. In addition, strict controls on pre-sales permits has also curbed new supply. There were no new high-end launches this quarter. Developers remained cautious in the land market as most residential-use land plots were sold at the reserve price this quarter. High accommodation values and financing restrictions have continued to squeeze developers' margins. </p><p><strong><em>High-end prices continue to rise despite slowing sales</em></strong>. High-end prices rose a further 0.5% q-o-q as developers remained confident, supply was limited, and local upgraders generated solid demand. Rental values similarly rose 0.5% q-o-q as Shanghai's robust job market generated steady demand from both local and non-local white-collar employees.</p><p><strong><em>Housing policy to remain firm over the next twelve months</em></strong>. "We maintain our expectation that continued tight policy will put pressure on sales volumes and new supply," said <strong>Stephenie Zhou</strong>, Head of Project Sales for JLL Shanghai. "That said, sales prices are unlikely to decline over the next twelve months as developers maintain leverage to raise prices due to low inventory levels." Additionally, stable leasing demand will result in moderate rental increases. The leasing market may be set for change as the Shanghai government has zoned land for lease-only apartments to cater to non-local residents. So far, though, such land plots have only been sold to government-backed developers, at prices well below the residential average. Impacts on the leasing market over the next year will be limited as most projects are still in planning stages.</p><h3><strong>Retail</strong></h3><p><strong>Strong leasing from cosmetics and casual dining brands</strong>. Retailer sentiment continued to improve over the third quarter. "International sportswear and casual clothing brands maintained their expansion momentum, while landlords continued to welcome demand from cosmetics brands which generally have good rental affordability," said <strong>James Hawkey</strong>, Head of <a href="http://www.joneslanglasalle.com.cn/china/en-gb/services/property-types/retail" target="_blank">Retail</a> for JLL China. Casual dining and beverage shops aggressively expanded even as some brands turned to ever-more creative promotions to stand out in a competitive marketplace. The quarter saw further expansion by grocery chains such as M&G Shop and Kule Chaowan. Such stores offer a broad variety of popular consumer goods and seasonal items, and landlords expect them to help diversify tenant mix and extend visitor dwell times.</p><p><strong>Five projects delivered in 2017's most active quarter so far</strong>. F&B-focused Feng Sheng Li opened in West Nanjing Road, while SOHO Bund opened in the Bund area targeting white collar professionals. In decentralized areas, community mall KiNG88 debuted in Changning, and Capital Square opened in the former Zhabei District with a heavy emphasis on F&B. The quarter's highest-profile new project was the MixC in Minchang, which opened in late September with high occupancy. Overall supply was 342,691 sqm, making 3Q17 the most active quarter since the end of 2016. Vacancy in prime areas rose slightly to 10.7% as new supply reached market with vacancy above market average. Decentralized vacancy decreased from 9.7% to 8.5% despite the quarter's wave of supply, as occupancy rose in existing projects such as Chamtime Plaza.</p><p><strong>Rental growth further accelerates</strong>. Prime open-market ground floor base rents increased by 3.5% y-o-y to RMB 52.2 per sqm per day. Decentralized rents rose 4.4% y-o-y to RMB 20.3 per sqm per day. Rental growth was driven in particular by improving performance in East Nanjing Road and Huaihai Road, which benefitted from strong street-facing retail and project repositioning.</p><h3><strong>Logistics</strong></h3><p><strong><em>Net absorption reaches 75,000 sqm despite lack of new completions</em></strong>. After rapid leasing in new projects boosted absorption in 2Q17, demand from 3PLs and retailers kept take-up at a still-strong 75,000 sqm. "Projects delivered in 1Q17's supply wave continued to make leasing progress despite locations in less mature submarkets," said Stuart Ross, Head of Industrial for JLL China. Two first quarter completions alone accounted for 50,000 sqm of the quarter's take-up. With vacancy near zero in most of the popular West Shanghai submarkets, tenants looked instead to projects in Baoshan, Fengxian, and Jinshan. These once quiet submarkets are becoming popular with firms that prioritize proximity to customers in Shanghai.</p><p><em><strong>Vacancy down on strong demand and lack of new projects</strong></em><strong>.</strong> No new supply was completed this quarter, leaving total non-bonded stock at 5.1 million sqm. We do not anticipate any new supply in the market for the rest of the year. Limited supply and strong leasing demand led non-bonded vacancy to decline 1.5 pps to 7.6%. Vacancy in the emerging submarket Jinshan declined from 28% to 9% as space was taken by 3PLs. Western Shanghai vacancy remained near zero with only small leases for frictional space.</p><p><strong><em>Rental growth accelerates</em></strong>. Non-bonded rents edged up 0.6% q-o-q to RMB 1.32 per sqm per day, up slightly from the previous quarter. Strong demand and the continued absence of new supply pressure gave landlords greater confidence to raise rents.</p><h3><span lang="EN-US"><strong>Capital</strong></span><strong> </strong><span lang="EN-US"><strong>Markets</strong></span></h3><p><strong><em>Wanda deal makes 3Q17 a big quarter for hotel deals nationwide</em></strong>. Total 3Q17 transactions in China reached RMB 43.5 billion, down 30.3% y-o-y. Deals in Shanghai represented 13.7% of the quarter's total investments. Wanda's sale of an RMB 20 billion hotel portfolio to R&F Properties led hotel deals to account for 56.4% of all transactions in China this quarter.</p><p><strong><em>Offices and hotels lead Shanghai transactions in slow quarter</em></strong>. Total investments in Shanghai reached RMB 5.9 billion, representing a 65.6% q-o-q decline and a 76.5% fall y-o-y. The quarter's limited transaction volume was attributed to limited quality assets available for sale, as well as sellers' firm pricing strategies leaving limited discounts for buyers and prolonging decision-making on potential deals. Offices continued to be the dominant asset type with transactions of RMB 4.2 billion accounting for 70% of Shanghai's total. Hotels and industrial assets came in second and third, with transaction volumes of RMB 1.4 billion and RMB 400 million respectively accounting for 23.3% and 6.7% of Shanghai's total.</p><p><strong>Shanghai transaction levels set to rise in 4Q17</strong>. Despite a relatively quiet 3Q17, investors continue actively looking for investment opportunities in Shanghai. "We expect to see several transactions that were under negotiation in 3Q17 reach completion in 4Q17. " said <strong>Johnny Shao</strong>, Head of Capital Markets for JLL Shanghai and East China. "As investors move to finalize deals before the end of the year, Shanghai's transaction levels are likely to see a rebound in the fourth quarter."</p><p style="text-align:center;">- ends -​</p><p><span style="line-height:1.6;"><br></span></p><em style="line-height:1.6;">>>>Read more about <a href="http://www.joneslanglasalle.com.cn/china/en-gb/citymarkets/shanghai" target="_blank">JLL Shanghai Page​</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><div><br>​</div><span class="ms-rteThemeForeColor-5-0 ms-rteThemeFontFace-1" style="background-color:#ffffff;"><strong><em>About JLL</em></strong></span><p style="font-family:"helvetica neue", helvetica, arial, sans-serif;background-color:#ffffff;margin-bottom:20px !important;line-height:1.57143 !important;color:#454545 !important;"><span class="ms-rteThemeFontFace-1">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 $145 billion. At the end of the second quarter of 2017, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of nearly 80,000. As of June 30, 2017, LaSalle Investment Management had $57.6 billion of real estate under asset management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information​​, visit </span><a target="_blank" href="http://www.joneslanglasalle.com.cn/" rel="nofollow" style="color:#006ed3;"><span class="ms-rteThemeFontFace-1">www.jll.com</span></a><span class="ms-rteThemeFontFace-1">. </span></p><p style="font-family:"helvetica neue", helvetica, arial, sans-serif;background-color:#ffffff;margin-bottom:20px !important;line-height:1.57143 !important;color:#454545 !important;"><span class="ms-rteThemeFontFace-1"></span><span class="ms-rteThemeFontFace-1">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.​​ </span><a target="_blank" rel="nofollow" href="http://www.joneslanglasalle.com.cn/asiapacific" style="color:#006ed3;"><span class="ms-rteThemeFontFace-1">www.jll.com/asiapacific</span></a><span class="ms-rteThemeFontFace-1">  </span></p><p style="font-family:"helvetica neue", helvetica, arial, sans-serif;background-color:#ffffff;margin-bottom:20px !important;line-height:1.57143 !important;color:#454545 !important;"><span class="ms-rteThemeFontFace-1">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 professio</span>nals 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" style="color:#006ed3;"><span class="ms-rteThemeFontFace-1">www.joneslanglasalle.com.cn</span></a><span class="ms-rteThemeFontFace-1">​​​​​​​​​​​</span></p>0x0100E81015D9D08198458B498FF948D658F90052B0972AFC77B94093C478C1B5B47C88
CapitaLand agrees to buy Asia Square Tower 2/china/en-gb/news/619/asia-square-tower-2-transactionCapitaLand agrees to buy Asia Square Tower 2<p><span style="font-size:18px;"><strong>​​</strong><span lang="EN-US"><strong><em>In largest office transaction in Asia Pacific this year, Singapore real estate company to purchase landmark office tower for S$2.09 billion</em></strong>  </span></span></p><p><span lang="EN-US"></span><strong>SHANGHAI, 22 September 2017</strong> - Singapore real estate company, CapitaLand Commercial Trust, has agreed to buy Asia Square Tower 2, part of a world-class commercial development in Singapore's Marina Bay business and financial district. Real estate consultancy JLL advised on the transaction on behalf of the seller, BlackRock Asia Property Fund III.</p><p>The sale represents the largest office transaction in both Singapore and the Asia Pacific region in 2017 and is the second largest office transaction globally this year.</p><p>"The sale of Asia Square Tower 2 continues the trend of buyers being attracted to mega deals in Asia. The sales process generated strong interest from major global investors and sends a clear message about the continued recovery of the Singapore <a href="http://www.joneslanglasalle.com.cn/china/en-gb/services/property-types/office" target="_blank">office</a> market," says <strong>Stuart Crow</strong>, Head of Asia Pacific Capital Markets, JLL.</p><p>"With its sought-after location and first class amenities, Asia Square is one of the finest commercial real estate assets in Singapore and, more broadly, in Asia. Buildings of this quality and prominence are hard to come by, but we expect to see increased interest in Grade A office assets in Singapore off the back of this deal."</p><p>According to <strong>Greg Hyland</strong>, Head of Capital Markets, Singapore, JLL: "The Singapore office market is really starting to gain pace and this deal is likely to spur further interest, both domestically and internationally. Investors will be aware that we are at a point in the cycle where there is still the opportunity to get good value, but we expect prices to pick up in the coming quarters as supply starts to taper down between now and the end of 2019."</p><p>The 46-storey Tower 2 has a net lettable area of 778,719 square feet. Asia Square Tower 1 was sold in June 2016 to sovereign wealth fund Qatar Investment Authority for S$3.4 billion (US$2.45 billion). The entire Asia Square asset, which comprises Tower 1, Tower 2 and the Westin Singapore, achieved a combined sale price of S$5.8 billion (US$4.3 billion). The three elements were sold in 2016, 2017 and 2014 respectively.</p><p>JLL has been the leasing agent and property manager of Asia Square since it opened in 2011. Tenants of Tower 2 include major financial institutions such as Allianz, Mizuho, Mitsui, National Australia Bank and Westpac. </p><p style="text-align:center;">- ends -​</p><p><span style="line-height:1.6;"><br></span></p><em style="line-height:1.6;">>>>Read more about <a href="http://www.joneslanglasalle.com.cn/china/en-gb/services" target="_blank">JLL Serv​ices</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><div><br>​</div><span class="ms-rteThemeForeColor-5-0 ms-rteThemeFontFace-1" style="background-color:#ffffff;"><strong><em>About JLL</em></strong></span><p style="font-family:"helvetica neue", helvetica, arial, sans-serif;background-color:#ffffff;margin-bottom:20px !important;line-height:1.57143 !important;color:#454545 !important;"><span class="ms-rteThemeFontFace-1">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 $145 billion. At the end of the second quarter of 2017, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of nearly 80,000. As of June 30, 2017, LaSalle Investment Management had $57.6 billion of real estate under asset management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information​​, visit </span><a target="_blank" href="http://www.joneslanglasalle.com.cn/" rel="nofollow" style="color:#006ed3;"><span class="ms-rteThemeFontFace-1">www.jll.com</span></a><span class="ms-rteThemeFontFace-1">. </span></p><p style="font-family:"helvetica neue", helvetica, arial, sans-serif;background-color:#ffffff;margin-bottom:20px !important;line-height:1.57143 !important;color:#454545 !important;"><span class="ms-rteThemeFontFace-1"></span><span class="ms-rteThemeFontFace-1">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.​​ </span><a target="_blank" rel="nofollow" href="http://www.joneslanglasalle.com.cn/asiapacific" style="color:#006ed3;"><span class="ms-rteThemeFontFace-1">www.jll.com/asiapacific</span></a><span class="ms-rteThemeFontFace-1">  </span></p><p style="font-family:"helvetica neue", helvetica, arial, sans-serif;background-color:#ffffff;margin-bottom:20px !important;line-height:1.57143 !important;color:#454545 !important;"><span class="ms-rteThemeFontFace-1">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 professio</span>nals 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" style="color:#006ed3;"><span class="ms-rteThemeFontFace-1">www.joneslanglasalle.com.cn</span></a><span class="ms-rteThemeFontFace-1">​​​​​​​​​​</span></p>0x0100E81015D9D08198458B498FF948D658F90052B0972AFC77B94093C478C1B5B47C88
The Place to Meet: JLL report highlights networking advantages of new-look CBD/china/en-gb/news/620/jll-beijing-cbd-core-area-enThe Place to Meet: JLL report highlights networking advantages of new-look CBD<p><span style="font-size:18px;"><strong><em>​CBD Core Area development to cement role of CBD as elite decision-making hub</em></strong></span></p><p><strong>BEIJING, September 21, 2017</strong> – A newly expanded CBD will put Beijing at the forefront of the global office market, according to new research from JLL (NYSE: JLL). The company's latest report '<strong>The Superblock Story: Beijing's Bold Business Hub</strong>' explores how the upcoming surge in high-quality office supply will invigorate the area, acting as a catalyst for the "network effect" to match that seen in other world-leading financial centers.</p><p><strong>Eric Hirsch, Head of Markets for JLL North China</strong>, says: "Home to Beijing's soon-to-be tallest building – China Zun – the CBD Core Area will double the present amount of office stock in the CBD as 18 new buildings promising advanced building and design features come online from 2018 to 2025 and beyond. With domestic finance and professional services firms set to dominate this space, decision-makers will naturally be drawn to the area for face-to-face meetings."</p><h3><strong>Decisions, decisions - where business happens face-to-face</strong></h3><p>The report highlights the fact that while we may work in an increasingly virtual world, decision-making still happens face-to-face. This is especially true in Beijing, where building and maintaining relationships is essential to business. As the new crop of buildings enter the market in the coming years, greater spatial availability will drive an influx of industry leaders from other parts of the city, and a new assortment of restaurants and coffee shops will provide a convenient platform for the 'human touch' required to build connections and grow opportunities.</p><p>By bypassing the need for intracity transportation, JLL emphasises that the upgraded business hub will promote efficiency along with a free flow of ideas and information between professionals, putting Beijing on a par with prominent cities like London, New York, and Hong Kong. In other words, key players from strong professional networks will be attracted to the numerous advantages offered by a single, walkable radius.</p><h3><strong>Reaching for higher ground – setting new benchmarks</strong></h3><p>In the race to secure talent in an ever-competitive market, both the health and comfort of staff are rising in significance, and a better office space is now an important tool to attract and retain employees. Based on JLL's most recent survey of more than 200 office buildings in Beijing, new buildings in the CBD Core Area are expected to exceed the quality of current market-leading Grade A buildings, and even outshine many existing International Grade A buildings.</p><p>The new buildings will increasingly go beyond typical LEED standards and target WELL certification, as the emphasis shifts from energy-efficiency to health and wellness considerations. Companies now realize that providing a safe and comfortable work environment is increasingly important in drawing top talent to Beijing, particularly as air quality concerns continue to weigh on peoples' minds. This means that apart from higher ceilings and smart technologies, occupants can also expect to benefit from other features such as improved air filtration and sky gardens.</p><h3><strong>Shifting sectors – professional services are the new IT crowd</strong></h3><p>JLL's research figures show that office tenants from the IT sector have rapidly decreased in the last three years, while there has been a sharp rise in the proportion of CBD stock occupied by professional services firms. The report also points out that government regulations requiring a proportion of the new buildings be set aside for headquarter-use has led to the formation of an important headquarters cluster for the top names in Chinese finance. This combination of related industries will create a critical mass of professionals and decision-makers together in one place.</p><p>Projections for self-use levels in new buildings have seen a downward shift as projects near completion, meaning it is possible that more space could enter the leasing market by the time of opening. However, JLL's analysis shows that new office supply is still set to be outpaced by service sector economic growth. Beijing leads China in the service sector's share of the economy, underscoring strength in demand for office space in the city. As these new buildings fill up, landlords will enjoy greater pricing power.</p><p>"During this exciting time for the area's development, these new buildings in the CBD Core Area will forever change the character of the CBD as they complete the next phase of Beijing's journey to achieving a CBD of world-class distinction," <strong>Hirsch</strong> adds.</p><p>Read the report 'The Superblock Story: Beijing's Bold Business Hub' <a href="http://www.joneslanglasalle.com.cn/china/en-gb/research/289/2017-jll-beijing-cdbpaper-en" target="_blank">here</a>.</p><p style="text-align:center;">- ends -​</p><p><span style="line-height:1.6;"><br></span></p><em style="line-height:1.6;">>>>Read more about <a href="http://www.joneslanglasalle.com.cn/china/en-gb/services" target="_blank">JLL Serv​ices</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><div><br>​</div><span class="ms-rteThemeForeColor-5-0 ms-rteThemeFontFace-1" style="background-color:#ffffff;"><strong><em>About JLL</em></strong></span><p style="font-family:"helvetica neue", helvetica, arial, sans-serif;background-color:#ffffff;margin-bottom:20px !important;line-height:1.57143 !important;color:#454545 !important;"><span class="ms-rteThemeFontFace-1">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 $145 billion. At the end of the second quarter of 2017, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of nearly 80,000. As of June 30, 2017, LaSalle Investment Management had $57.6 billion of real estate under asset management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information​​, visit </span><a target="_blank" href="http://www.joneslanglasalle.com.cn/" rel="nofollow" style="color:#006ed3;"><span class="ms-rteThemeFontFace-1">www.jll.com</span></a><span class="ms-rteThemeFontFace-1">. </span></p><p style="font-family:"helvetica neue", helvetica, arial, sans-serif;background-color:#ffffff;margin-bottom:20px !important;line-height:1.57143 !important;color:#454545 !important;"><span class="ms-rteThemeFontFace-1"></span><span class="ms-rteThemeFontFace-1">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.​​ </span><a target="_blank" rel="nofollow" href="http://www.joneslanglasalle.com.cn/asiapacific" style="color:#006ed3;"><span class="ms-rteThemeFontFace-1">www.jll.com/asiapacific</span></a><span class="ms-rteThemeFontFace-1">  </span></p><p style="font-family:"helvetica neue", helvetica, arial, sans-serif;background-color:#ffffff;margin-bottom:20px !important;line-height:1.57143 !important;color:#454545 !important;"><span class="ms-rteThemeFontFace-1">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 professio</span>nals 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" style="color:#006ed3;"><span class="ms-rteThemeFontFace-1">www.joneslanglasalle.com.cn</span></a><span class="ms-rteThemeFontFace-1">​​​​​​​​​​​</span></p>0x0100E81015D9D08198458B498FF948D658F90052B0972AFC77B94093C478C1B5B47C88

 

 

Workplace powered by Human Experience /china/en-gb/research/282/human-experience-china-enWorkplace powered by Human Experience In this report we present our Human Experience Model, which we have developed from the outcomes of our extensive research project. 0x01010063443623C9F9004FA21AA8EABD6132C80096456DD4F4AF204EB9DD2C24B361B045
Shanghai’s Decentralised Office Market: At a Tipping Point/china/en-gb/research/291/shanghai-decentralised-office-market-enShanghai’s Decentralised Office Market: At a Tipping PointDrawing from JLL’s internal research as well as a survey result from tenants and investors, the report takes an in-depth look at Shanghai decentralised office market’s growth and prospects.0x01010063443623C9F9004FA21AA8EABD6132C80096456DD4F4AF204EB9DD2C24B361B045
The Superblock Story: Beijing's Bold Business Hub/china/en-gb/research/289/2017-jll-beijing-cdbpaper-enThe Superblock Story: Beijing's Bold Business HubJLL explores the future of Beijing CBD’s office markets from several aspects including: planned uses, tenants’ sectors, building quality, office rent expectations and working population change. 0x01010063443623C9F9004FA21AA8EABD6132C80096456DD4F4AF204EB9DD2C24B361B045