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Stock impact report

With no new office towers in San Antonio, landlords pour money into older spaces [Yahoo! Finance]

Jones Lang LaSalle Incorporated (JLL) 
Last jones lang lasalle incorporated earnings: 2/11 07:30 am Check Earnings Report
US:NYSE Investor Relations: ir.jll.com
Company Research Source: Yahoo! Finance
There have been no newly constructed office buildings in the San Antonio market since 2024. Investors and developers are having a hard time justifying the cost of construction, which has been outpacing what tenants are paying in rent. "The same building that was delivered three or four years ago is going to see increases in cost of 30% to 40% minimum," said Chuck King, senior managing director of JLL San Antonio , a commercial real estate services firm. "The highest rents in the city today for the highest quality property we have on the market are not anywhere close to suitable to facilitate an investment in a new building." MORE OFFICE NEWS: San Antonio firm buying two-building office park, former USAA satellite location With no new supply, investors and building owners are focusing on existing assets, especially in the suburban markets. Reinvestment in existing assets "Owners are trying to upgrade the quality of their existing buildings and continue to add amenities and Show less Read more
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