Tag Archives: Julia Georgules JLL

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

Then, now, next: A look into the Greater Boston real estate landscape

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From Julia Georgules
New England Research Director

In honor of NAIOP’s 15th Annual Bus Tour and this year’s theme of “Then, Now, and Next,” we thought we’d take a look back at Greater Boston to see how much has changed. Across the country and in Boston specifically, 2003 was still the doldrums of the recession. Unemployment was climbing as tech and other employees fled.… 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

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

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

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