Staubach Picks the Broncs
JLL honcho and NFL Hall of Fame QB Roger Staubach is throwing his hat in for the Broncos to win the Super Bowl. “I love Seattle's D, I love Russell Wilson, and I love ‘The 12th Man,'” he says. “But, this is Denver's year.” Forget the QBs and crowd noise, JLL and Roger use commercial real estate stats to call the big game. Teams based in cities with higher office vacancies have won the Lombardi trophy 62% of the time since JLL started charting it. Overall vacancy rate in the Mile High city stands at 13.9% this year compared with 12.5% in the Emerald City, making the Broncos the firm's favorite. (And proving just why the Texans failed so miserably this year. Can we convince some tenants to move out before next season?)
Roger (who was MVP of the 1972 game) also takes into account Broncos QB Peyton Manning, whose play has been on the upswing all season, much like the LoDo micro-market in downtown Denver, where the vacancy rate closed 2013 at 8% and more than 550k SF of new buildings are under construction. “Peyton Manning is one of the greatest NFL quarterbacks of all time,” Roger says. “I believe in our JLL formula, but more importantly, I also believe in Peyton.” Check out Roger's pick here.
