Category Archives: Research

A lack of supply paves the way for steadily rising rents in Boston

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While Boston has seen a surge in demand for Class B brick and beam product, there’s still nothing like the prestige of being in a premium office building – even if it comes with a sky-high cost. This year, the average price tag for space across North America’s Skyline buildings is $44.55 per square foot – an all-time high.

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New year, same story: Boston remains the leader in life sciences

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From Don Domoretsky
Executive Vice President, Life Science Practice

Stop us if you’ve heard this before: Greater Boston is the #1 life sciences cluster in the United States. If this sounds familiar, that’s because it’s happened before. In fact, since we began producing our annual life sciences report, no other region has held the top spot, and 2017 has proven no different.

An analysis of… Read More

Rents rise, absorption drops, and other Q1 office trends

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strope_blogFrom Lisa Strope
New England Research Director

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Q1 office rents continued on an upward trend and demand for space advanced across the market, pointing to another solid year for Greater Boston. On the heels of three consecutive years of… Read More

Boston’s momentum on par with world’s leading cities

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strope_blogFrom Lisa Strope
New England Research Director

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Boston has been firmly planted on the world stage for some time now and it doesn’t appear that will be changing anytime soon. For the third straight year Boston ranks among the… Read More

Data center download: An inside look at key trends impacting the Boston market

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Cole_Gabe_Color_Casual_HiResFrom Gabe Cole
Managing Director, Data Centers

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In 2016 the data center market saw big deals from major players, new economic and regulatory policy, and the wild card that is strategic cloud adoption. As JLL’s latest Data Center Outlook… Read More

Boston remains among most expensive cities to build as construction growth stabilizes

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According to JLL’s latest Construction Outlook, the US construction market remained stable and growing last quarter, with key indicators such as construction spending, construction backlog and under construction pipeline showing solid progress alongside an expected uptick in costs. Though the rate of growth in the industry is slowing, construction spending continues to hit cyclical highs.

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3 things you need to know about MIT CRE’s new Real Estate Innovation Lab

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Breslau_Ben_1_Color_Casual_HiResFrom Ben Breslau
Director of Americas Research

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As you may have heard, JLL recently announced it will be the founding industry partner of the MIT Center for Real Estate’s newly established Real Estate Innovation Lab. Both of our organizations… Read More

Law firms aggressively rightsizing in Boston and across the US

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Heller_Ben_Color_Casual_HiResFrom Ben Heller
Managing Director, Downtown Boston Leasing

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Law firms here in Boston and across the country are aggressively rightsizing as they look for opportunities to realize significant cost savings. In fact, according to JLL’s recently released Law Firm… Read More

Q3 ends with flurry of leasing activity

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strope_blogFrom Lisa Strope
New England Research Director

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Despite a slow start during the first half of the year, leasing activity picked up the pace as the third quarter closed with a flurry of deals in the Boston CBD. 28… Read More

Greater Boston remains top life sciences cluster as competition drives vertical integration of industry

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It should be no surprise that JLL’s fifth annual Life Sciences Outlook reveals Greater Boston is the top cluster in the US. In fact, the region, which has been #1 since JLL began producing its report in 2011, possesses the largest concentration of life science researchers in the country and has more than 3.75 million square feet of requirements. To top it off, the Boston area has accounted for more than… Read More