JLL launches an Office Data Product with the most comprehensive coverage of Chinese Market
Spanning nearly 5,000 office building projects in over 200 cities, filling the information gap in the market and enhancing transparency
Beijing, August 31, 2021 -- JLL (NYSE: JLL) officially launches "JLL Office Data Product" – China's first office market data product covering more than 200 cities. Fuelled by JLL's nearly 50 years of in-depth city insights and data resources and accumulated from thousands of office leasing transactions in China, it offers accurate, reliable and customisable data that is easy to manage.
The objective of the product is to provide occupiers, research institutions, real estate investors, university scholars, banks and insurers with a one-stop cloud platform data solution on China's office market.
A large amount of data provides a whole picture of the market
This product spans 34 municipalities and provincial capitals of China's mainland, Hong Kong SAR, Macao SAR, Taiwan, and more than 70% of prefecture-level cities, assuring the most comprehensive coverage of the market. It involves nearly 5,000 office building projects nationwide, with a total area of 310 million square metres. These data insights cover six dimensions: economic indicators, leasing transactions, market trends, business district performance, building information, and rent & vacancy rate.
"The product effectively enhances access to holistic data on the China office market, converting the cold, raw and complicated data into efficient and intuitive visual analyses," says Mi Yang, Head of Research for North China at JLL and Person-in-Charge of JLL Office Data Product. "This simplified and digestible data helps users in need, whether they want to collect project information for the national leasing deployment, or aim to corroborate the asset condition, or simply seeking more investment opportunities."
Filling market gap and boosting industry development
Today, there is a growing demand from companies, institutions and individuals for macroeconomics and office market data on Chinese cities for research and decision-making purposes. However, most of the existing products and services focus only on 20 or so leading cities. JLL Office Data Product effectively fills an information gap and enhances the office market transparency to allow users to tap into a comprehensive data bank at their fingertips. As the information of the office market in small and medium-sized cities is complex and asymmetric, this comprehensive data availability helps boost the development of the industry.
With the new development pattern of "dual circulation" accelerating, this product provides a platform for real estate industry players to analyse the linkage between big data and macroeconomic indicators in China's office market. It offers better economic evidence for decision-making to help you reap greater business values.
Four major functions
- Dynamic updates to a large amount of information
---Stay abreast with the overall economic situation in target provinces/cities, office market trends, and information on business districts and buildings with easy access to macro and microdata.
- Interactive display of designated areas
---The platform interactively displays comprehensive information about buildings, including vacancy rate and rent distribution in the designated target areas, facilitating cross-comparison for best options.
- One-click download of visual data
---Visualise critical data on cities, business districts and projects, and much more with fast and efficient access to information with the platform’s automatic generation and one-click downloads.
- Customised management of complicated leases
---Log in to a subscription-based proprietary account to conduct customised lease information management and benchmark data against the market by getting effective leasing advice.
JLL has been at the forefront of proptech innovation, some of which include:
- "Dichandadang" that provides one-stop comprehensive office leasing services
- "Command Centre" that leverages sensors to collect operation data of facilities and equipment
- "AI Smart Eye" that monitors properties for risk control over movements of people and goods
The company's latest product on office data enriches and diversifies JLL's proptech portfolio to meet the growing demand of professional users in the real estate industry.
"Big data technology has great potential for applications in real estate corporate management and industry research, and “JLL Office Data Product” will provide users with better access to key data about China's office market,” says Nelson Wong, Head of Research for Greater China at JLL. “The platform will optimise leasing management processes and increase efficiencies with the use of digital techniques, spurring the development of China's commercial real estate market on the 'Internet+' path."
For more information, you may visit the official website.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.6 billion in 2020, operations in over 80 countries and a global workforce of more than 92,000 as of June 30, 2021. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.