Category Archives: Research

Partnering with MIT to drive innovations in CRE

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A little over a year ago, we expanded our longtime relationship with the MIT Center for Real Estate and became a founding industry partner of their new Real Estate Innovation Lab. With our shared mission and passion for innovation and real estate, this partnership proved a synergistic opportunity for both our organizations.

“Our partnership with MIT and the learnings that we get from just being in this innovation ecosystem gives us an… Read More

The workplace experience offsets location cost

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In our recent Tech Office Trends report, we explored six of the top trends impacting the real estate decisions of tech companies. One of the more notable trends was the thought of cost being irrelevant in terms of office location.

Even though Boston’s tech fit out cost is eight percent over the U.S. average, the market is still ranked number six for greatest absolute gain in tech employees in 2016. Major companies… Read More

Talent is key driver in Boston’s tech growth

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With the technology industry’s continued expansion beyond the west coast, Boston’s status as one of the nation’s prime technology hubs is on the rise. Although office location still proves to be a main factor for tech development, the potential talent available in these locations is having more bearing on where these companies are looking to grow.

According to our recently released Tech Office Trends, maintaining a highly skilled workforce remains one of… Read More

What’s ahead in 2018?

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According to JLL’s own Chief Economist Ryan Severino, who spoke last week at our 2018 forecasting event, the U.S. is currently experiencing a “goldilocks economy,” one that is “not too hot and not too cold.”

In Boston though, we might arguably be a little further on the “hot” end of the spectrum. As JLL New England Research Director Julia Georgules described, Boston’s resilient economy is stronger than ever. Since 1990, employment has… Read More

A crowded market and new competition creating challenges for law firms

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From Ben Heller
Managing Director, Downtown Boston Brokerage

With the market favoring landlords now and into the future, law firms across Greater Boston are being faced with new challenges relative to their office space that will take both creative and strategic solutions to solve.

Over the next several years, an unusually large number of firms will be entering the market looking for new space. With… Read More

Today’s changing dynamics are shaping tomorrow’s life sciences workplace

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Much of the conversation on changing workplace dynamics has focused on office space, but lab space has been equally as impacted. Like many other organizations, life sciences companies are facing stiff competition for top talent and are increasingly in search of ways to differentiate themselves. A premier, future-focused workplace is one way they can achieve that.

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Market momentum at a fever pitch

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From Julia Georgules
New England Research Director

It was an exciting third quarter in the Greater Boston office market with some big surprises and continued enthusiasm for the strength of the local economy. With big relocations like Alexion and PTC making a splash in the Seaport and news of organic expansions from companies like WeWork, Facebook and many others, momentum in most of the… Read More

Boston among top 5 cities in the world for innovation and talent

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What makes a successful city? Our latest JLL Research Report “Decoding City Performance” identifies 10 imperative factors including among others: fostering innovative pathways, uncovering hidden talents, investing in infrastructure, thinking long term, and being smart.

So, what does that say about Boston? While we aren’t ranked among the “Big Seven” or “Contenders” named in the report, which include the likes of London, New York, Paris, Los Angeles, Chicago, and Madrid, we do… Read More

Meet JLL Boston’s newest Research Director Julia Georgules

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Julia Georgules

The weather notwithstanding, Boston and San Francisco have a lot in common. Just ask JLL New England’s new Research Director Julia Georgules, who relocated to the Hub from the nation’s top tech hub a year ago.

“Seeing the rise of San Francisco was similar to where… Read More

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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