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
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.
Based on the original three… Read More
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
Greater Boston is a mecca of innovation. From Kendall Square to the Seaport, our innovation clusters rival the likes of Silicon Valley. But space is sparse and costs are high, so the question often comes up of who, or perhaps more aptly, where is next?
The city of Somerville seems to have all the ingredients to be the answer: an educated Millennial workforce, public transportation, and some of the best restaurants in… Read More
As 2016 draws to a close, we thought it would be a great time to look back on the year that was and highlight 10 of our best stories from the past twelve months. We hope you have a happy and healthy New Year and look forward to continued success in 2017. Without further ado, here are our top 10 stories of 2016:
1. GE moves to Boston and the effects are… Read More
“We’re only just starting to see what the GE effect could be.” So says Frank Petz, Managing Director of JLL’s Capital Markets team, when considering the potential short and long term impacts of GE’s recent relocation to the region. “The effect is going to be multidimensional and far-reaching, impacting not only the Boston economy, but the city’s culture, and future growth trajectory,” Petz added. “While it may not all happen immediately,… Read More
From Ben Breslau
Director of Americas Research
While in town in Boston, JLL’s Americas Executive Committee recently visited one of the world’s foremost institutions for innovation, MIT. The group of roughly 15 was led by JLL Americas CEO Greg O’Brien and included Global President Christian Ulbrich, as well as several national businesses leaders. Local Market Director Jim Tierney, and Cambridge real estate expert Joe… Read More
A lot of the success we’ve seen locally, with respect to commercial real estate and beyond, has been driven largely by one overarching thing, innovation. That’s part of what led GE to relocate its headquarters here, and it’s what led Boston to climb the ranks to 2nd nationally and 5th globally in JLL’s latest Cities Momentum Index.
Now, the area can add yet another accolade to the list. Massachusetts was recently crowned… Read More