Category Archives: Research

The rise of Greater Boston’s suburban lab market

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By now we’re all familiar with the Boston life sciences story. With Cambridge’s Kendall Square touted by some as “the most innovative square mile on the planet,” and the increased attraction to the Seaport District’s mounting lab development pipeline, Boston’s urban core has solidified itself as a top life sciences market.

The interesting part to this story, though, is the growing number of companies moving beyond Boston and Cambridge and opting instead… Read More

3 reasons why Boston remains the nation’s top life sciences cluster

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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

As vacancy moves upward in the suburbs, Cambridge and Boston see further supply compression

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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

Rethinking live, work, play

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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

Then, now, next: A look into the Greater Boston real estate landscape

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From Julia Georgules
New England Research Director

In honor of NAIOP’s 15th Annual Bus Tour and this year’s theme of “Then, Now, and Next,” we thought we’d take a look back at Greater Boston to see how much has changed. Across the country and in Boston specifically, 2003 was still the doldrums of the recession. Unemployment was climbing as tech and other employees fled.… Read More

Debt, equity, and innovation: How global capital influences future development

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MIT’s World Real Estate Forum was, as its name would suggest, an opportunity for a diverse set of investors from across the globe to come together to discuss debt, equity and innovation. While perspectives varied widely across the panel, which kicked off the two-day session, the following sentiments were echoed by the group:

  1. It is much harder to deploy capital than it is to source it
  2. Now, more than ever, obsolescence is a
  3. Read More

Blockchain: From buzzword to viable business, breaking down one of real estate’s hottest topics

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The dictionary definition of blockchain is “a digital ledger in which transactions made in bitcoin or another cryptocurrency are recorded chronologically and publicly.” Clear enough, right? Well, not exactly. In front of a packed room on the second day of MIT’s World Real Estate Forum the question was posed: how many people have heard of blockchain? Nearly every hand in the room was raised, a difference from what was observed just… Read More

An old-fashioned science fair to showcase a wave of new innovation at MIT’s Real Estate Innovation Lab

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It should come as no surprise the truly brilliant things that are happening at MIT, and in particular, the school’s Real Estate Innovation Lab. So what better format to display those innovations in than a good old-fashioned science fair? On the second day of MIT’s World Real Estate Forum, a packed room of industry professionals learned from some of the lab’s best and brightest researchers about just what they are working… Read More

Greater Boston’s booming market shows no signs of slowing down

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From Julia Georgules
New England Research Director

Boston’s metro economy maintained its leading position going into 2018 as a hotbed for top employers and a skilled workforce. From 2016 to 2017, total nonfarm payroll grew by 2 percent, or more than 51,000 jobs. As a result, the perpetually strengthening labor force remained a major attraction for employers, and announcements of major expansions and relocations… Read More

Workplace continues to evolve in Boston

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From Tom O’Connor
Senior Vice President, Project & Development Services

Backed by a stable economy and strong access to talent, Boston’s presence on the global stage doesn’t seem to be going anywhere anytime soon. As office demand remains strong in the market, workplace trends are reflecting the changing perception of what an office should look like. With 2.32 m.s.f. of new office space under… Read More