NEW YORK CITY—Looking to capitalize on Lower Manhattan's hot streak—and the sure-to-come heating up once all of the upcoming development comes online—Jones Lang LaSalle is planning to grow its Downtown presence. The firm plans to hire five brokers who will work out of its 140 Broadway office over the next 18 months.
“We're getting traction and increasing market share, and there's a mandate to continue growing market share,” John Wheeler, managing director—who was brought in to manage the Lower Manhattan office back in 2012—tells GlobeSt.com. “We're looking to continue to leverage our success. We're getting established and we don't think it's time to take our foot off of the accelerator.”
JLL is looking to hire both junior and senior brokers, says Wheeler. “We have a good mix of junior and senior level people here and we need to add staff to both of those types.”
Those who join the firm will have plenty to keep them busy, he notes. “We've had tremendous success over the last two years attracting firms down here, and that's without taking down the construction barriers around the World Trade Center, before the transit hubs open and the removal of scaffolding along the streets.
“Once those things start to happen this year into next,” Wheeler declares, “and you have those nuisance factors taken away, anyone who comes down here is going to have an epiphany. The market is very dynamic and it's an exciting time to be here.”
The plan was reported first in the Commercial Observer.
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Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
