For the avoidance of doubt, there is a future for work. While this might be bad news for those of us that enjoy our time off, the rest of the picture is decidedly less certain. As the recent JLL Future of Work survey illustrates, the complexities of where and how work will be performed are making life complicated for real estate decision makers around the world.
According to McKinsey, 98% of construction projects experience cost overruns, and the average cost overrun is roughly 28%. Against this backdrop of inefficiency, JLL Spark recently invested in PROBIS, a leading SaaS PropTech startup specializing in financial management for real estate development, aligning with JLL’s digital transformation goals in project management.
JLL Spark Global Ventures recently led a $3.5 million funding round for Ren Systems, reaffirming not only our intent to back visionary founders building world-changing businesses but also our commitment to tech-enabling our core business and transforming our industry.
In the world of commercial real estate (CRE), smart buildings have become essential for enterprises.
In regions prone to earthquakes, commercial buildings are particularly susceptible to structural damage.
Smart buildings are revolutionizing the real estate industry by seamlessly integrating advanced technologies like sensors, automation, and data analytics.
Rent roll, in the context of commercial real estate (CRE), refers to a document or dataset that provides a detailed summary of the rental income generated by a property.
At JLL Spark, we focus on making impactful investments in technology that reshape the real estate industry.
Since March 2022, central banks, led by the Federal Reserve, have aggressively raised interest rates to combat rising inflation. This has caused significant disruption in the real estate sector.
For office workers, hybrid is no fad, but a widely accepted fact of life, with only a few exceptions. To attract and retain talent, and to provide a ‘modern’ workplace experience with maximum productivity, we think that employers will progressively break away from the binary system of either work from home, or from the office.
