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Banking and Financial Institutions

Optimize your financial institution’s New York real estate footprint to make better use of space and uncover hidden cost savings.

The financial services profile in Manhattan is transforming as the banking industry lessens its dependence on the securities segment, trading activity and investment banking. To maintain profits amid stricter capital regulations, Wall Street has cut securities employment by 20 percent since 2007. This, in turn, has muted growth for the overall financial industry.

That said, the banking and financial services industry remains the top office space user in Manhattan. Nearly one-third of all top-tier CBD space is occupied by the industry. And, as performance in non-securities segments improves, employment is rebounding as well. With this positive momentum, we’re seeing more tenants returning to the market, and we expect conditions to be favorable to landlords as the market tightens, at least through 2018.

No matter your firm’s size, we’re here to help you evaluate your options and make smart real estate decisions in the top financial services hub in the United States.

Class A rents in New York are the highest in the country, but we’ll help you turn that cost into value.

Through services ranging from tenant representation and workplace strategy to onsite property management, we’ve helped banks and other financial institutions achieve: 

  • 10-20 percent savings in operating expenses
  • 15-20 percent savings in energy costs
  • 5-15 percent savings on lease terms
  • 10-20 percent cuts in annual capital plans
  • 10-30 percent savings in occupancy costs

Real value. Delivered.

Over the past 20 years, JLL's banking experts have worked with more than half of the world’s top 25 banks—including HSBC and KeyCorp —managing 260 million square feet of space. 

Recommended resources

2015 New York Banking Outlook

See the latest local happenings, trends and predictions for the financial services industry.

Learn more

The banking and financial services industry is seeing positive momentum, but challenges remain.

Our 2015 Banking and Finance Outlook explores industry trends across North America, expectations for the year to come, and how New York compares to other top banking markets.

Learn more