FORT LAUDERDALE, FL—With demand for office space in Broward and Palm Beach counties rising, the landscape is changing—and so are the leasing strategies. JLL will work to lease up two prime office buildings in South Florida representing 200,000 square feet in Sunrise, FL. and Boca Raton, FL.

JLL senior vice president and leasing director Alice Lucia and Brady Titcomb, vice president and associate director of Brokerage, will lead the charge at Sawgrass Court. French Overseas Company and Banyan Street Capital own and operate the office asset.

Located at 1401 Northwest 136 Avenue in the center of Sunrise's business District, Sawgrass Court will soon see an extensive capital improvements campaign that promises to transform the asset to a premier class A option in the market to help drive leasing efforts. With over 80,000 square feet of office space available to lease, JLL says the building is ideal for company headquarters, operations, and administration with prominent building signage or monument signage.

“With large amounts of quality space in the suburbs becoming scarce and demand increasing, Sawgrass Court is well-positioned to lure corporate users looking to relocate to Broward” says Lucia. “The building's beautiful new finishes, combined with its close proximity to all major thoroughfares including Interstate 595, Sawgrass Expressway and Interstate 75, and Sawgrass Mills Mall, BB&T Center, several hotels and restaurants, offers increased value to prospective tenants and employee retention.”

JLL will also handle leasing for Pimo Capital's at 1900 Glades Road in Boca Raton's Town Center amenity district. This location is at “Main and Main” near Interstate 95, Glades Road, and Military Trail. The building is located next to the Boca Raton Airport and within 30 minutes of two international airports.

“Recovering economic conditions and a high desirability to be within close proximity to area amenities have caused office demand to accelerate in this Boca Town Center area over the last several months,” says Titcomb. “1900 Glades prime location, along with its newly renovated common areas, wall-to-wall windows, open views, efficient floor plates and advantageous parking options, make it one of the few remaining unique opportunities in Central Boca Raton.”

“Recovering economic conditions and a high desirability to be within close proximity to area amenities have caused office demand to accelerate in this Boca Town Center area over the last several months,” says Titcomb. “1900 Glades prime location, along with its newly renovated common areas, wall-to-wall windows, open views, efficient floor plates and advantageous parking options, make it one of the few remaining unique opportunities in Central Boca Raton.”

So what comes first, the chicken or the egg? Would large office space users drive economic recovery or is economic recovery driving more office space demand?

“When we refer to large office space users in the context of their role as economic drivers, we are generally referring to either large users relocating to South Florida from other markets or local office users whose space requirements are expanding significantly,” Brad Capas, president of CapasGroup Realty Advisors. “Since relocations and significant expansions are expensive propositions, they tend to occur during periods of economic recovery, when profitability and confidence are trending positively. Therefore, I believe the economic recovery is essential to stimulate large users to move or expand. But when they do, they can have a meaningful positive impact on the local economy.”