JLL real estate management, leasing showed strength in Q4

Revenue Growth - JLL reported a 12% year-over-year revenue growth in Q4 2025, reaching $7.6 billion, driven by real estate management services and office and industrial leasing [1] - Real estate management services revenue increased by 9% year-over-year in Q4, totaling $5.6 billion, with workplace management also growing by 9% due to expanded in-office mandates and new client acquisitions [2] - Project management revenue surged by 17% in Q4, with strong client activity particularly in the U.S. [3] Leasing Advisory Performance - The leasing advisory segment saw a 17% revenue growth in Q4, primarily fueled by momentum in the office sector, with the most significant growth occurring in the U.S. [4] - Global office leasing revenue rose by 26% year-over-year in Q4, while industrial leasing increased by 11%, indicating a healthy leasing pipeline driven by client demand for high-quality assets [5] Market Trends and Outlook - There has been a recovery in large deals, with transactions of 100,000 square feet and above increasing by 15% year-over-year in the U.S., particularly in core gateway markets like New York and San Francisco [6] - The average in-office workdays for the private sector is now four days a week, reflecting ongoing office mandates and a return-to-work trend [6]