Marlon Trottmann Thesis Jones Lang LaSalle (NYSE:JLL) continues to navigate the commercial real estate headwinds created by rising interest rates and the work-from-home trend. The ECB announced in June the first of its interest rate cuts, and the Federal Reserve is expected to lower rates in the US later in 2024. Signs of recovery in commercial offices are visible with global leasing volumes improving following a 7% YoY increase, while retail and hospitality continue their strong recovery with robust travel ...