For the seventh year in a row, Greater Boston is once again the top life sciences cluster in the U.S. per our latest Life Sciences Outlook. With Kendall Square touted by some as “the most innovative square mile on the planet,” and a growing lab development pipeline in Boston, this distinction should come as no surprise. Even with San Francisco closely on its heels, Greater Boston continues to draw many global… Read More
From Julia Georgules
New England Research Director
Boston MSA’s labor market remains one of the highest performing and stable across major U.S. markets. With an unemployment rate of 3.1 percent, among the lowest in the country, the strong labor force remains a major attraction for large tenants.
Large blocks continue to disappear with major tenants like Wayfair,… Read More
Over the past 10 years, the demographic and economic makeup of the U.S. has changed quite a bit. Of note has been the influx of highly educated talent into the workforce. Interestingly, although this talent is clustering in major cities, they are working in the suburbs. According to our recent Ambitious Thinking: Smart Cities report, reverse commuting is actually up 11.6% over 2011 levels. In fact, more than 4.8 million people… Read More
The below article originally appeared in The New England Investor. Click to read the full magazine.
“Looking back just 18 months ago, you would have had to be quite convincing to get investors to even consider the suburbs. That’s really changed in past six to nine months.” So says Matt Sherry, Senior Vice President on the JLL… Read More
In Part Two of our interview series with our New England Industrial team, we sat down with new Associate Caroline Collett to learn more about her transition to commercial real estate and why she’s excited for the future of Boston’s industrial market. Get to know more about Caroline below!
Prior to joining JLL you were in medical sales. Why the change to commercial real estate?
Although I had a very successful seven-year career in… Read More
As part of our commitment to build a leading Brokerage team, Joe Fabiano and Michael Ciummei were named to lead our New England Industrial Practice Group earlier this year, and Caroline Collett recently joined the team as an Associate. We sat down with Joe, Mike and Caroline over a two-part interview series to hear their insights on Boston’s industrial market and what they look to achieve in their new roles.
Get… Read More
Much has been said about the current economic expansion our nation is experiencing. In fact, according to AEW’s Director of Research Michael Acton, who spoke this morning at our Capital Markets breakfast event, this is going to be the nation’s longest expansion once it’s done.
Although economists have been saying for the past four years this cycle would end in two years, it continues to live on. As JLL’s own Capital Markets Managing… Read More
Today is the first official day of Summer. We decided to kick off the summer season a little early with our annual summer outing late last week. JLLers from across New England gathered at The Daily Catch to enjoy beautiful weather, spectacular water views and great company.
Check out a few of our favorite photos from the evening!
To help celebrate the BIO International Convention held in Boston last week, we hosted a get together for our Life Science friends and clients at The Lawn on D in South Boston. The BIO International Convention is hosted by the Biotechnology Innovation Organization, and provides inspiring programs covering the biotechnology and pharma industry’s most relevant and timely topics. BIO 2018 marked the 25th anniversary of this innovative, four-day convention.
Check out a… Read More
From Ryan Severino
JLL Chief Economist
I had the distinct pleasure of presenting the economic overview at the recent NAIOP/SIOR Mid-Year Roundup. Here is a recap.
I wasn’t pandering to the audience when I said that Boston is one of the hottest cities in the US. Don’t underestimate this. It’s well documented. It has what I call “gateway status,” and remains the eighth largest metro… Read More