Monthly Archives: August 2013

Greater Boston ranks fifth among major tech-oriented U.S. markets

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Greater Boston ranks fifth among major tech-oriented U.S. markets. This is according to Jones Lang LaSalle’s U.S. High-Technology Office Outlook 2013 rankings for high-tech companies. The national ranking shows the impact of the evolving start-up culture on office demand, traditional workplace environments, and regional… Read More

Chart of the week

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Cambridge was a major driver in Greater Boston’s market recovery.  The city has become incredibly tight, driving rents up to the previous market cycle peak.

At the heart of the recovery is East Cambridge. Still, rents are 17%  of high tech boom levels. It remains to be seen whether East Cambridge will achieve  similar… Read More

Categories: Insights, Topics.

Chart of the week

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Tenant leverage varies greatly across submarkets.

The strength exhibited in Cambridge and the Back Bay, as well as in the region’s suburbs, will pull other markets up this curve over time.

Class A rents in the CBD have grown in disparate amounts.  Rents in both the Seaport and Financial Districts have reached $50 psf.… Read More

Categories: Insights, Topics.

Hotel project awarded at Haymarket on the Greenway

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Rendering by Perkins + Will. View from the Rose Kennedy Greenway

The future of Parcel 9, located at Haymarket on the Greenway, has finally been decided by the Massachusetts Department of Transportation (MassDOT) with the designation of Jones Lang LaSalle as advisor and Normandy Real Estate Partners as developer. After more than four years of consideration, the winning proposal for the Parcel… Read More

Stop the noise

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From Bob Best
Executive Vice President
Jones Lang LaSalle

Here’s a piece of the sustainability puzzle that few people talk about because nobody can hear them!

I’m talking about noise pollution. Not jackhammers or heavy equipment, but the invasive amount of noise creeping into our daily lives. In restaurants. In airports. In hotel lobbies.

The other day I was in a hotel lobby trying to… Read More

Categories: Topics.

Chart of the week

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In the second quarter of 2013,  Massachusetts saw 84 VC investment deals totaling $773 million. This is up 22.5% from the previous quarter. The growth has largely been fueled by the high tech and biotech sectors.

A recent study by DeSantis Breindel found that 57% of VC firms, and 46% of CEOs,… Read More

Categories: Topics.

A Boston multifamily development problem – part 3

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Urban areas have been the overwhelming focus of developers over the last year.

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 transformation of Downtown Boston’s… Read More

Categories: Topics.

Getting tenants into energy efficiency

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From Bob Best
Executive Vice President
Jones Lang LaSalle

The Natural Resource Defense Council’s (NRDC) Center for Market Innovation (CMI) has started a project that is a win-win for both tenants and building owners. 

The High Performance Tenant Demonstration Project is aimed at accelerating demand for energy efficient tenant spaces in commercial offices.  

The best time for tenants to think about energy efficiency projects are… Read More

Categories: Topics.