Andy Poppink on rental rates
From CONVERSATIONS : Andy Poppink, Chief Executive Officer Markets Advisory, JLL cohosted with CoStar · · Business Immo
“In Paris, we saw the highest rental rates ever in the central business district, driven by demand for high-quality, ESG-compliant assets, creating a dichotomy where some market segments are active and others are becoming obsolete.”
On , Andy Poppink, Chief Executive Officer of Leasing Advisory & Member of the Global Executive Board at JONES LANG LASALLE INC, spoke about rental rates during CONVERSATIONS : Andy Poppink, Chief Executive Officer Markets Advisory, JLL cohosted with CoStar on Business Immo.
About Andy Poppink
Andy Poppink, Chief Executive Officer of Leasing Advisory and a member of the Global Executive Board at Jones Lang Lasalle, has commented on the state of European real estate markets. Speaking at MIPIM 2023, he said that European property markets have not experienced a generalized decompression of rates but rather a dichotomy, with high-quality, ESG-compliant assets in cities like Paris seeing record rental rates while other segments face obsolescence. He noted that the collapse of Silicon Valley Bank and regional banks caused disruption, and he expressed concern that the banking crisis could slow funding for innovation. Poppink stated that his roadmap for JLL involves stabilizing the existing business while accelerating digital transformation and finding new ways to engage clients. In earlier appearances, Poppink discussed the transformation of real estate markets following the pandemic. At MIPIM 2022, he said that the pandemic accelerated trends already underway, leading to a more people-centric approach to real estate focused on health, well-being, and ESG goals. He noted that leasing markets in core markets became active in early 2022 as companies reconsidered their space needs. Poppink also expressed gratitude for the CoreNet Global community and, in a 2018 discussion, described JLL's commitment to technology, including the launch of a $100 million fund managed by an independent group called JLL Spark.