Monthly Archives: August 2010

What direction are rents moving in your market?

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from Paul Leonard
Research Manager
Jones Lang LaSalle

We’ve entered an interesting and challenging period in the real estate cycle to predict – a bottoming market. Typically at this stage of the cycle the market as a whole has entered a period of stabilization, but performance between submarkets can be scattered. While some submarkets, facing soft fundamentals, may be in store for further… Read More

Categories: Topics.

Communication is key

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from Tom O’Connor, PMP
Vice President
Jones Lang LaSalle

As I prepared to write my first post, I struggled to come up with an interesting topic. Then it hit me – communication.

Communication is key to any successful development project. Being able to clearly explain to the team what you mean is only half of the equation. Good communication is also about listening. Without… Read More

Categories: Topics.

Long time coming

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from Molly Heath
Assistant Vice President
Jones Lang LaSalle

With many people taking vacations during these last weeks of August, the pace in the office is subdued. If traffic and parking in Cambridge and Boston are any indication, there are certainly fewer people coming to work.
 
What better time to take a more leisurely walk to the train in the morning, from… Read More

Categories: Topics.

Safety is job one

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from Bob Kelly
Superintendent
Jones Lang LaSalle

Being new to Jones Lang LaSalle gives me a fresh perspective on the Enhanced Safety Program (ESP) in place at EMD Serono’s new research facility in Billerica called Project Unity. I’ve seen a lot during my 24 years in the industry. Nothing has prepared me for what I am a part of here. 

The ESP concept was… Read More

Categories: Topics.

Rent Erosion Abating on 128

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Brendan Cohn (image)from Brendan Cohn
Assistant Vice President
Jones Lang LaSalle

Over the last two years, office rents along Central 128 have been on a swift decline as a result of surging job losses, increases in vacant and sublease space, and sluggish leasing. While “cheap” rents have become the norm, it seems as though rent erosion is beginning to abate.

Prior to the recent… Read More

Categories: Topics.

Another Massachusetts Miracle?

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from Paul Leonard
Research Manager
Jones Lang LaSalle

The Boston Globe recently reported that, according to MassBenchmarks, the state economy grew at more than twice the U.S. pace in the second quarter (6.4% vs. 2.4%).

This comes as welcome news to most, unless of course you’re a bankruptcy lawyer or a repo man. It is particularly good news for the commercial real estate industry… Read More

Categories: Topics.

Watching the waters

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from David Slye
Executive Managing Director
Jones Lang LaSalle

Welcome to our Boston Blog. We will be bringing you top-of-mind insights from our experts in every facet of the industry. It is our hope to make this a two way street, and invite your comments on the thoughts and observations expressed here.

It’s been a beautiful summer, and almost anywhere you spent vacation time… Read More

Categories: Topics.