Tag Archives: jll research

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

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

What a Boston office fit out will cost you

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From Mason Mularoni
Research Manager

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

How Boston ranks among world’s leading cities

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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

Where Boston falls in the new typology of World Cities

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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

As Greater Boston’s economy flourishes, so does commercial real estate

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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

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

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