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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.


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

News and research

 

 

Decentralised and demystified: JLL uncovers key trends shaping the future of Beijing’s office market/china/en-gb/news/592/beijing-office-report-enDecentralised and demystified: JLL uncovers key trends shaping the future of Beijing’s office market<p><span style="font-size:16px;">​<em>​Chinese multinationals will shift into overdrive as market continues to grow and mature</em></span></p><p><strong>BEIJING, April 6, 2017</strong> – A genuine decentralised office market – separate in form and function from the increasingly mature central areas – is imminently set to emerge, as Beijing continues along the path towards maturity to earn its place am​​​​​​​​ong the world's top office markets, according to new research from JLL (NYSE: JLL). The company's latest whitepaper '<strong>No Turning Back - Beijing's Office Market Set to Shine</strong>' highlights key trends as it explores the future of the Beijing office market from three aspects: geographical landscape, demand prospects, and office building features.</p><p><span style="text-align:justify;">"We have reached a key turnin​g point in the evolution of the <a href="http://www.joneslanglasalle.com.cn/china/en-gb/services/property-types/office" target="_blank">Beijing office market​</a>," says E</span><strong style="text-align:justify;">ric Hirsch, Head of Markets, JLL Beijing</strong><span style="text-align:justify;">. "As the market continues to mature, abundant new supply is coming online and domestic occupiers are dominating the market. Under intensifying competition, more companies are requiring better quality buildings, particularly as health and productivity take on new levels of urgency in the race for talent."</span></p><h3><strong>The new landscape – a bigger market for a growing city</strong></h3><p>Alongside the rise of new landmark developments in the CBD that are set to redefine the skyline in the central areas, Beijing will witness the rise of a decentralised market, driven by the development of Lize and Tongzhou.</p><p><span style="text-align:justify;">"With the second-highest Grade A office rents in Asia, major expansion in urban rail mass transit, and one of the tightest office market globally, the time for decentralisation in Beijing is upon us," says </span><strong style="text-align:justify;">Steven McCord, Head of Research for JLL North China</strong><span style="text-align:justify;">. "In turn, this is driving a re-categorisation of submarkets, in which the set of "core" areas will grow to include rapidly maturing areas such as Wangjing, as the central areas are separated from the new, decentralised market that will stand apart on its own."</span></p><p><span style="text-align:justify;"></span><span style="text-align:justify;">The report adds that underlying demand for decentralised office space will be further bolstered by the regional integration policy or "Jing-Jin-Ji", which is expected to fuel business activity outside of Beijing and lead companies to require faster access to peripheral locations.</span></p><h3><strong>The demand story – domestic firms start to dominate</strong></h3><p>Now accounting for 59% of the leasable Grade A space in the market, domestic firms have shown sharp growth in their share of occupied space across the city in the last year, according to the report which based findings on JLL's annual survey of 70 Grade A office buildings in Beijing. "As market maturation continues, we expect to see this trend deepen and domestic firms increasingly dominate the market, similar to how US firms make up the majority of the New York market," says Eric. "Key sources of future demand will come from the rise of the finance sector, the upgrade trajectory of IT firms, and in the internationalisation of China's burgeoning global companies."</p><p><span style="text-align:justify;">Additionally, China's 'One Belt, One Road' policy is set to put domestic companies into overdrive and contribute to demand for headquarters operations in Beijing. "As homegrown giants expand overseas and require more office space to oversee this activity from a dependable home base, the Chinese capital will have the most to gain as it is already home to a high-density of decision-makers, in both state-owned enterprises and private-sector firms," </span><strong style="text-align:justify;">McCord</strong><span style="text-align:justify;"> adds.</span></p><h3><strong>Building for the best – stepping up standards to meet global benchmarks like The Shard in London</strong></h3><p>New buildings continue to raise baseline standards in the market, and this has helped the quality of office buildings in Beijing make large strides in recent years. The most concrete standards having advanced the fastest, but better hardware is still needed, the report states, drawing from data collected at more than 200 buildings in the city. For example, 86% of buildings in Beijing have ceiling heights that are on par with global benchmarks, while only 27% of Grade A buildings in Beijing are filtering the air sufficiently to manage bad-air days.</p><p><span style="text-align:justify;">"As the business world continues to evolve, tenants need buildings with better infrastructure that allow for greater flexibility in layout and function," says </span><strong style="text-align:justify;">Hirsch</strong><span style="text-align:justify;">. "The amount of money required to develop a top-notch building over a low-specification building is increasingly dwarfed by the rising price of land, which is incentivizing developers to build quality as a boost to their long-term <a href="http://www.joneslanglasalle.com.cn/china/en-gb/services/investors-and-developers/capital-markets" target="_blank">investment</a>. This is a promising and necessary trend for the market."</span></p><p><span style="text-align:justify;"></span><span class="ms-rteThemeFontFace-1" style="text-align:justify;">By benchmarking existing and future buildings in Beijing against The Shard in London, one of the best-in-class globally, Beijing's position in the race to the top is clear. "Looking at some of the most visible features, the average building in Beijing compares favourably with The Shard," says </span><strong class="ms-rteThemeFontFace-1" style="text-align:justify;"><span lang="EN-GB" style="font-size:11pt;">McCord</span></strong><span lang="EN-GB" class="ms-rteThemeFontFace-1" style="text-align:justify;font-size:11pt;">.<span style="font-size:13px;"> “But as a market, Beijing is held back by its low provision of toilets and lifts relative to The Shard. However, with improved features, the next generation of buildings set to enter the Beijing CBD is destined to raise the overall level of sophistication for the Beijing market and narrow the gap in standards between Beijing buildings and The Shard.” </span></span><span class="ms-rteThemeFontFace-1" style="text-align:justify;font-size:13px;">​</span></p><p>Read more about <<a href="http://www.joneslanglasalle.com.cn/china/en-gb/research/267/beijing-office-report-2017" target="_blank">No Turning Back – Beijing’s Office Market Set to Shine</a>​></p><p></p><p style="text-align:center;">​– ends –​​</p><p>​</p><em style="line-height:1.6;">>>>Read more about </em><em style="line-height:1.6;"><a href="http://www.joneslanglasalle.com.cn/china/en-gb/citymarkets/beijing" target="_blank">J​L​L Beijng​</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><span class="ms-rteFontSize-1 ms-rteThemeForeColor-5-0"><strong><em><br>About JLL</em></strong></span><p><span class="ms-rteFontSize-1">JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. A Fortune 500 company with annual fee revenue of $5.2 billion and gross revenue of $6.0 billion, JLL has more than 280 corporate offices, operates in more than 80 countries and has a global workforce of more than 60,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 4.0 billion square feet, or 372 million square meters, and completed $138 billion in sales, acquisitions and finance transactions in 2015. Its investment management business, LaSalle Investment Management, has $59.1 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, <a target="_blank" href="http://www.joneslanglasalle.com.cn/" rel="nofollow" style="line-height:19.2px;">www.jll.com</a><span style="line-height:19.2px;">. </span></span></p><p><span class="ms-rteFontSize-1">JLL has over 50 years of experience in Asia Pacific, with over 34,000 employees operating in 92 offices in 16 countries across the region. The firm won 15 awards at the International Property Awards Asia Pacific in 2016 and was named number one real estate advisor in Asia at the 2015 Euromoney Real Estate Awards. <a target="_blank" rel="nofollow" href="http://www.joneslanglasalle.com.cn/asiapacific" style="line-height:19.2px;">www.jll.com/asiapacific</a><span style="line-height:19.2px;">  </span></span></p><p><span class="ms-rteFontSize-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 professionals and 14,000 on-site staff providing quality real estate advice and services in over 80 cities across the country. <span style="line-height:19.2px;"> </span><a target="_blank" rel="nofollow" href="http://www.joneslanglasalle.com.cn/china/en-gb" style="line-height:19.2px;">www.joneslanglasalle.com.cn</a>​​​​</span></p>0x0100E81015D9D08198458B498FF948D658F90052B0972AFC77B94093C478C1B5B47C88
Weak sterling to draw surge of Asian investment to Britain post-Brexit/china/en-gb/news/591/jll-britain-real-estate-marketWeak sterling to draw surge of Asian investment to Britain post-Brexit<p>​<em style="font-size:16px;">JLL predicts ongoing interest from Asia Pacific and Middle East investors if sterling continues at a similar rate since referendum</em></p><p><em></em><strong>Shanghai, 30 March 2017 </strong>- As Theresa May triggers Article 50 to start the process of withdrawing from the EU, the depreciation of the pound has spurred increased investment in the UK from the Asia Pacific and Middle ​​​East regions, according to real estate firm JLL.</p><p><span style="text-align:justify;">The depreciation, coupled with a slight drop in capital values, has led UK commercial <a href="http://www.joneslanglasalle.com.cn/china/en-gb/services/investors-and-developers/capital-markets" target="_blank">real estate</a> to be discounted by 16 percent on average to overseas capital relative to pricing since the June 2016 vote, says JLL.</span></p><p><span style="text-align:justify;"></span><span style="text-align:justify;">Although currency movements have not had a strong historic correlation with overall international capital inflow into the UK, they are part of the reason why the market has experienced a recent surge in demand from buyers from the Asia Pacific region, headlined by Hong Kong and mainland China.</span></p><p><span style="text-align:justify;"></span><span style="text-align:justify;">"We continue to see the emergence of Chinese capital globally. Chinese investors now rank just behind US as the second largest source of global cross border capital and we expect them to have an increasing influence on the UK market," says </span><strong style="text-align:justify;">Alistair Meadows</strong><span style="text-align:justify;">, Head of UK Capital Markets at JLL. "Many investors from China and the wider Asia Pacific region are attracted to the depth, liquidity and familiarity of the UK market and come seeking diversification and safe haven forms of investment."</span></p><p><strong style="text-align:justify;">Stuart Crow</strong><span style="text-align:justify;">, Head of Asia Pacific Capital Markets, says: "Private investors have responded to the depreciation quickly and, as a result, they have become a more important driver of market sentiment and pricing. Despite the triggering of Article 50, as 2017 progresses we expect global funds and institutions to return their focus to the UK, in response to relatively attractive pricing and expected resilience among corporate occupiers. Speaking to our institutional clients in this region, many of them are actively looking for opportunities in London."</span></p><p><span style="text-align:justify;"></span><span style="text-align:justify;">Based on JLL forecasts and projections on currency by Oxford Economics, Chinese cross-border purchasers may enjoy total returns of five to 10 per cent in London office properties this year, after adjusting for expected currency movements. Singapore and Hong Kong investors will likely enjoy a similar rate of returns.</span></p><p><span style="text-align:justify;"></span><span style="text-align:justify;">Overall, overseas investors accounted for 48 per cent of transactional activity within the UK market in 2015 and a slightly higher 51 per cent in 2016, with the increase likely to be partly due to the currency movement. Asia Pacific and European (ex. UK) based investors recorded a surge of investment, with the Asia Pacific share rising from 17 per cent to 28 per cent, and Europe from 14 per cent to 23 per cent.</span></p><p><span style="text-align:justify;"></span><span style="text-align:justify;">In contrast, investment inflows from the Americas (primarily the US) fell from 32 per cent of total <a href="http://www.joneslanglasalle.com.cn/china/en-gb/services/corporates/corporate-consulting" target="_blank">overseas investment</a> into the UK to 17 per cent in 2016, with the share of global funds (where the ultimate source of capital is split across multiple countries) also falling. ​</span></p><p style="text-align:justify;">​</p><p style="text-align:center;">– ends –​​</p><p><br></p><div><p><em style="line-height:1.6;"><em style="line-height:1.6;">>>>Read more about</em><em style="line-height:1.6;"><a href="http://www.joneslanglasalle.com.cn/china/en-gb/news" target="_blank"> J​LL ​News</a><br></em>​<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></p><p><em style="line-height:1.6;"></em>​</p><span class="ms-rteFontSize-1 ms-rteThemeForeColor-5-0"><strong><em></em></strong></span><div><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 href="http://www.joneslanglasalle.com.cn/" target="_blank">www.joneslang​lasalle.com.cn​</a>​​​</p></div></div>0x0100E81015D9D08198458B498FF948D658F90052B0972AFC77B94093C478C1B5B47C88
JLL opens Hangzhou Office, strengthening connection to one of the world’s most dynamic cities/china/en-gb/news/588/jll-opens-hangzhou-officeJLL opens Hangzhou Office, strengthening connection to one of the world’s most dynamic cities<p><strong>​​Shanghai, 20 March 2017</strong> - JLL (NYSE: JLL), a world-leading professional services firm that specializes in real estate and investment management, recently announced the official opening of its Hangzhou Office and hosted the grand opening ceremony on 16 March. <strong>Eric Xin</strong> is appointed Managing Director of Hangzhou Office.</p><p>Since entering the China market in 1994, JLL has provided services for more than 80 cities across China and grown to more than 2,200 professionals and 14,000 on-site staff. JLL Hangzhou marks the firm's 13th and 16th corporate office in mainland China and Greater China, respectively.</p><p>"With vigorous private enterprises, a growing science and technology industry, a thriving service sector, a flourishing tourism industry and a favourable living environment, Hangzhou is one of the most diversified and dynamic cities in China and across the globe. Moreover, the success of G20 Hangzhou Summit in 2016 and the upcoming 2022 Asian Games have helped the city to attract the attention from the world.  We have every reason to be confident in Hangzhou's real estate market in the coming future," said <strong>Eric Xin, Managing Director of JLL Hangzhou office</strong>. "JLL has an extensive network worldwide, and builds on a solid foundation of unmatched industry experience and expertise. We are committed to the Hangzhou market with our customised and integrated solutions."</p><p>Hangzhou is one of the largest and fastest-growing economies in the Yangtze River Delta. In 2015, Hangzhou's GDP exceeded RMB 1 trillion for the first time and became the 10th city in China to reach RMB 1 trillion GDP. In JLL's latest <a href="http://www.joneslanglasalle.com.cn/china/en-gb/news/581/city-momentum-index-2017" target="_blank"><strong>City Momentum Index (CMI)</strong></a>, Hangzhou ranks the 26th alongside Shanghai, Beijing and other major Chinese cities among the world's top 30 most dynamic cities.</p><p>As early as 2005, JLL has been initiating its cultivation of the Hangzhou market. In recent years, with the booming development of Hangzhou's urban development, JLL continues to provide comprehensive real estate services for many landmark projects, including:</p><ul><li><strong>Retail Leasing Agency</strong> for <strong>Hangzhou Kerry Centre</strong><br></li><li><strong>Property Management Services</strong> for <strong>Hangzhou Canhigh Centre</strong><br></li><li><strong>Strategic Consultancy</strong> for <strong>Hangzhou Canal New Town</strong><br></li><li><strong>Strategic Consultancy </strong>for <strong>Shenhua Business District of Xiangfu Street</strong> and the <strong>e-commerce town on Shangtang Street</strong> in Hangzhou Gongshu District<br></li></ul><p>"The establishment of our Hangzhou Office will further enhance our service capabilities and platform in the Yangtze River Delta and the China market as a whole." said <strong>K.K. Fung, Managing Director of JLL Greater China</strong>. "I believe that the professional team, led by Eric Xin, will give full play to the advantages of our resources and experiences in Hangzhou.  As China continuously transforms from an economy driven by global manufacturing to one dominated by innovative technologies and services, Hangzhou holds a unique proposition in this new wave of development. We look forward to becoming active participants in this transformation. "</p><p><a href="http://www.joneslanglasalle.com.cn/china/en-gb/research/266/hangzhou-city-profile" target="_blank"><b>Click here</b></a> to download JLL's newly published <strong><em>Hangzhou City Profile.</em></strong></p><p><strong><em><br></em></strong></p><p style="text-align:center;"><span style="text-align:center;">–</span><span style="text-align:center;"> ends –​​</span></p><p><br></p><div><p><em style="line-height:1.6;"><em style="line-height:1.6;">>>>Read more about</em><em style="line-height:1.6;"><a href="http://www.joneslanglasalle.com.cn/china/en-gb/news" target="_blank"> J​LL ​News</a><br></em>​<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></p><p><em style="line-height:1.6;"></em>​</p><span class="ms-rteFontSize-1 ms-rteThemeForeColor-5-0"><strong><em></em></strong></span><div><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 href="http://www.joneslanglasalle.com.cn/" target="_blank">www.joneslang​lasalle.com.cn​</a>​​​</p></div></div>0x0100E81015D9D08198458B498FF948D658F90052B0972AFC77B94093C478C1B5B47C88

 

 

Offices 2020 – Reimagine/china/en-gb/research/273/offices2020-reimagine-asia-pacific-enOffices 2020 – Reimagine‘Re-imagine’, the second report in this three-part series, deconstructs the office landscape from the outside-in to identify the impact of regional trends towards the ‘Future of Work’.0x01010063443623C9F9004FA21AA8EABD6132C80096456DD4F4AF204EB9DD2C24B361B045
Offices 2020 – Reflect/china/en-gb/research/272/office2020-reflect-asia-pacific-enOffices 2020 – Reflect‘Reflect’, the first report in a three-part series of Offices 2020, highlights macroeconomic themes and trends across Asia Pacific’s office landscape. Dig deeper into the impact of trends and discover our recommendations to stay ahead of the curve.0x01010063443623C9F9004FA21AA8EABD6132C80096456DD4F4AF204EB9DD2C24B361B045
Shanghai Offices 2020/china/en-gb/research/271/office2020-shanghai-city-report-enShanghai Offices 2020Shanghai CBD have gained tremendously and the decentralized office market is also seeing consistently strong interest from tenants looking to relocate out of the CBD due to prohibitive costs. What options should you consider towards 2020?0x01010063443623C9F9004FA21AA8EABD6132C80096456DD4F4AF204EB9DD2C24B361B045