From Lori Mabardi Research Manager Jones Lang LaSalle Our July edition of Marketscape Monthly shows that Boston’s real estate fundamentals continue to improve. Net absorption through Q2 has already reached 75% of full year 2010 levels. At 19.8% total vacancy, the metro is inching its way off the cyclical peak of 22.5%. This is starting [...]
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Good news on job front
from Geoff Homer Research Analyst Jones Lang LaSalle The Massachusetts Executive Office of Labor and Workforce Development just released employment statistics for the Greater Boston metro area. The data revealed encouraging information and highlighted some interesting trends. The unemployment rate for the Boston MSA was a non-seasonally adjusted 7.1 percent in March, the lowest rate [...]
It Keeps Me Running
from Matt Giffune Assistant Vice President Jones Lang LaSalle I have always done my best thinking while enjoying the solitude and rush of distance running. As I labored through my final long training run of 21 miles leading up to the Boston Marathon, I pondered several concepts that are game changers for me. Here’s one. [...]
Employment forecast suits region
from Geoff Homer Research Analyst Jones Lang LaSalle I just came across a slideshow on Boston.com that detailed the U.S. Bureau of Labor Statistics’ projections of the 30 fastest-growing careers. The data, which is updated every two years, shows that the total number of people employed in the US will increase by 10.1 percent by [...]
Winter Wonderland
from Geoff Homer Research Analyst Jones Lang LaSalle A few days ago New England experienced a blizzard, creating havoc for commuters and delighting students. As I trudged to work, I took the time to observe my downtown surroundings. Mayor Menino had declared a snow emergency and most commuters opted to stay home. Downtown Boston resembled [...]
New life
from Paul Leonard Research Manager Jones Lang LaSalle I recently had the opportunity to attend the New England Economic Partnership’s Fall Conference. This group is charged with forecasting economic indicators such as employment growth, income growth and economic output over the next five years. As one might expect from a panel of “dismal scientists,” this [...]
Into the future
from Geoff Homer Research Analyst Jones Lang LaSalle In anticipation of this month’s Urban Land Institute 2011 Trends in Real Estate Forum at the Westin Copley Place, I just read the Emerging Trends report produced by ULI and PricewaterhouseCoopers. After reading it I first felt somewhat pessimistic about our city. I took another read through [...]
Another Massachusetts Miracle?
from Paul Leonard Research Manager Jones Lang LaSalle The Boston Globe recently reported that, according to MassBenchmarks, the state economy grew at more than twice the U.S. pace in the second quarter (6.4% vs. 2.4%). This comes as welcome news to most, unless of course you’re a bankruptcy lawyer or a repo man. It is [...]