We believe real estate provides organizations the potential to achieve their ambitions, with a successfully delivered office fit out a key vehicle for this real estate success. As the final step in the new office journey, an office fit out includes the design, construction and furnishing of a physical workplace. These fit outs can range in scope based on… Read More
Boston has cemented its place as one of the nation’s prime technology hubs, and its status as a global leader in research and technology continues to rise. For the fourth straight year Boston ranks among the top 10 cities globally in JLL’s City Momentum Index, moving up the list and coming in at 5th in the world.
The Index tracks a broad range of factors to identify those cities which possess the… Read More
In today’s highly connected and globalized world, it no longer makes sense to see all cities as in competition with each other. Cities now share roles and aspirations with other similar cities, and a new grouping of cities has emerged as a result. Our latest JLL Research Report “World Cities: Mapping the Pathways to Success” benchmarks these new types of city groups against their shared strengths and challenges.
From Julia Georgules
New England Research Director
What a year it was for Boston metro’s office market in 2017. As economic conditions locally continued to improve, the office market benefited from significant tenant demand, bolstered not only by locally-based companies expanding in the market, but also by new entrants looking to tap into the area’s talent and innovation engines.
Likewise, the metro’s industrial market also… Read More
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
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
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
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
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
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.