Monthly Archives: April 2013

Chart of the week

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While it took some time for the contrcution industry to find its footing,  Greater Boston construction has seen employment gains of 7.3 percent since December 2010.  Helping the sector rebound is the  1.4 million square feet of office and lab space currently underway here.

Given recent gains, the outlook for construction in… Read More

Categories: Topics.

Boston recovers

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Boston is recovering from last week’s tragic events. The city is slowly returning to normalcy. The makeshift memorial with balloons, flowers, and medals is moving to Copley Square Park. Today stores along Boylston Street are re-opening.

Many at Jones Lang LaSalle are connected to those affected. Bobby Jangro, Patrick Riley, and Jodi… Read More

Categories: Topics.

Chart of the week

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According to Jones Lang LaSalle’s Research group, today’s tenants are seeking floor plates that are conducive to creating collaborative work environments at competitive prices.  This is generating strong demand in a subset of Boston’s Class A and B+ buildings.

The list of buildings in this week’s chart presents strong value-add investment… Read More

Categories: Topics.

Chart of the week

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Jones Lang LaSalle’s Research group reports that Boston is officially in growth mode. 

While the pace of recovery has varied across submarkets, the Greater Boston office market overall has seen strong and steady improvements. Its average asking rent has grown 1.8 percent over the year. For the second quarter in a row, the vacancy rate remains… Read More

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Chart of the week

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According to Jones Lang LaSalle’s Research team, employment revisions made this quarter show that Greater Boston added 130,700 jobs over the past three years. Q4 2012 employment gains by comparision were at 96,500.

Having lost 103,000 jobs during the last recession, Boston has eclipsed its previous December 2007 peak with today’s gains. As… Read More

Categories: Topics.

Technology will shake the industry – part 2

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From Matt Giffune
Vice President
Jones Lang LaSalle

It’s no secret that any startup that is entering this space is looking to chip away at CoStar’s market share, or create a new model for how space is marketed and found. If I were CoStar, I would be very afraid. Their product is cumbersome and their data is rarely accurate.

The most reliable service CoStar provides… Read More

Categories: Topics.

Industrial green

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From Bob Best
Executive Vice President
Jones Lang LaSalle

The emerging big trend in sustainable real estate is the industrial sector.

While the triple-net lease structure dominant in the industry has obscured efforts to make industrial space more sustainable, both owners and tenants are seeking ways to make buildings greener. The push is coming from the clear economics of energy savings. Many space users… Read More

Categories: Topics.