Jones Lang LaSalle Q3 Earnings Hit by Slowdowns in Capital Markets and Leasing
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Jones Lang LaSalle's Q3 earnings impacted by slowdowns in capital markets and leasing due to industrywide slowdown.
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Outsourcing business remained strong in Q3.
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Global investment sales down 48% in Q3, with declines across all regions and sectors.
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Global office leasing volumes also down 6% in Q3 vs 2022.
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Net income, fee revenue, and adjusted EBITDA all down significantly in Q3 due to brokerage declines.