In a challenging quarter — Q3 profit down 57% year over year and nine months off 89% — there was at least some good news for JLL in an area that might not seem obvious given current markets.
JLL had "maybe a little bit more vacancy, but not that much," Global CEO Christian Ulbrich told Yahoo Finance in an interview. "We tend to focus very much on the high-end, kind of the grade A buildings in the large metropolitan areas."
One of the patterns GlobeSt.com has seen and heard from multiple sources and studies is that there's been a move to quality. Companies paring back on space often look to better quality offices. Not that Class-A office is impervious to pain. Property values even there have been down. But operating an office space can still bring in NOI.
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