Monthly Archives: May 2013

Chart of the week

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High tech companies represent 18 percent of the current tenants in Greater Boston. This is 62 percent more than the second largest sector which is life sciences..

59 percent of tenants in the market are looking to maintain their current size. 34 percent are looking to expand, and 7 percent aim to downsize.

For… Read More

Categories: Topics.

Boston is the place to be – part 3

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From Michael Coyne
Senior Vice President
Jones Lang LaSalle

Urban areas have been the overwhelming focus of developers over the last  twelve months. New luxury apartment towers are now sprouting up throughout the city.. Approximately 7,800 units of urban, institutional quality rental housing will be delivered through 2016. This wave of development is not an overzealous rebound. It is a long overdue… Read More

Categories: Topics.

Chart of the week

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Residential sales prices along public transportation routes of subway, commuter and bus, grew 128% more than prices in Greater Boston as a whole between 2006-2011.

Residential includes homes, multi family and condominiums.

Owning a house along subway or bus routes pays dividends. Prices  grew 226% and 125% more respectively than the region as a… Read More

Categories: Topics.

Boston is the place to be – part 2

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From Michael Coyne
Senior Vice President
Jones Lang LaSalle

Recent sales of newer core assets have shown cap rates in the low 4.0% range as investors compete intensely for quality properties.  This represents close to a 100 basis point drop since the last peak in 2007. If a new, core asset in a prime suburban location came to market today,… Read More

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Thoughts from VERGE Boston

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From Dan Probst
Jones Lang LaSalle
Chairman Energy and Sustainability Services

I just had the pleasure of serving on a panel at GreenBiz Media’s VERGE Boston conference, which focused on the convergence of buildings, technology and transportation. The panel, called “The Trillion-Dollar M2M Opportunity,” was about the dramatic impact of machine-to-machine (M2M) technology on four industry segments: energy, transportation, the built environment and… Read More

Categories: Topics.

Chart of the week

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Lower operating costs, increased productivity, and enhanced image are some of the benefits of going green. Recent evidence has shown that green buildings tend to have higher occupancy rates, rents,  and value growth as well.

Historically, Energy Star and LEED Certified buildings have outperformed the market . On average, vacancy rates for green buildings in Greater… Read More

Categories: Topics.

Boston is the place to be – part 1

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From Michael Coyne
Senior Vice President
Jones Lang LaSalle

The Boston multifamily market remains ones of the best performing markets in the country. As a result, institutional investors view Boston as one of the top three most desirable markets, alongside New York and San Francisco. 

Their desire to deploy capital into Boston multifamily has resulted in unprecedented asset pricing and has… Read More

Categories: Topics.

To LEED or not to LEED

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From Chelsey Fitch
Property Manager
Jones Lang LaSalle

It’s not imperative for a building to be LEED Certified to attract tenants, but these days it definitely helps. Here is some food for thought regarding LEED .

On average, LEED Certified buildings have lower operating costs, higher assessed building values, and higher rental rates.

To achieve certification status the building is required to go far above and… Read More

Categories: Topics.