JLL CEO Christian Ulbrich credited his firm’s growing focus on co-working and real estate technology investments for $4.9 billion in reported revenue in the fourth quarter, a 13 percent increase year over year.
The boost was driven in part by a 25 percent year-over-year increase in global leasing revenue for the Chicago-based real estate services giant, with a 34 percent spike in the Americas alone, Ulbrich said during an earnings call Tuesday.
Shares in JLL rose nearly 16 percent on the news, topping $170 per share for the first time since August.