Skyline buildings comprise approximately 42.0 percent of the CBD marketplace and 66.0 percent of the CBD’s Class A market across the United States.
In recent years, demand for creative space may have shifted the office market’s landscape, but quality and location remain key drivers in real estate decision-making. As a result, Skyline micro markets across the country remain coveted locations that outperform the office market in general. These buildings are the true drivers of leasing supply, demand, rents and development and continue to top the commercial real estate building wish list.
JLL recognizes the prestige of Skyline buildings and the reasons it remains a desired asset for foreign and domestic institutional investors. With on-the-ground market intelligence, our research analysts deliver insight into this segment through the JLL Skyline digital tool, a building-by-building view of the Trophy and Class A buildings making up this segment. The research spans across 1,200 buildings in 47 U.S. markets, including primary markets: Boston, Chicago, Los Angeles (Century City), Los Angeles (downtown), New York, San Francisco, Seattle/Bellevue and Washington, DC.
Though primary market Skylines are home to the country’s most iconic office towers, economic and business expansion into secondary markets has created supply constraints and competition for Skyline buildings in Austin, Detroit, NJ Hudson Waterfront and Oakland, among others, as tenants seek premium quality in lower-cost markets.
As economic and business trends shift, the population and Skyline often reflect these changes. So no matter the location, or the city ranking, Skyline buildings hold a form of affinity for residents—representing the bustling performance of their workplace, the lure of their place of residence or the symbol for their hometown.