Boston is yet again being recognized for a stable and promising real estate market. This time, as we look to 2012, there is nothing but a favorable opinion among experts that our commercial real estate market will outperform the United States’ market as a whole. Looking at the whole country, there is an expected 15%-20% increase in total investment in commercial real estate transactions to some $190 billion dollars. Despite this astronomical figure, it is actually less of an increase than what the country went through over the past two years. Boston, however, is not thought to be making the same dip.
One of the main reasons Boston is looking to shine brighter than the rest of the country is because we are so heavily invested in growing educational, health care and high-tech industries. It is becoming quite popular for firms to relocate to places in and around cities like Boston. This is because in Boston there is a strong labor pool due to the proximity to such great educational institutions, and because it is beneficial to establish a presence amongst other venture-capital firms in the area.
Global uncertainty is not going to be as much of a worry due to the previously mentioned stability that being surrounded by such flourishing markets has afforded Boston. Cambridge, in particular, is a growing sub-market that is seeing rewarding real estate movements causing increasing rents that is only going to continue into 2012.
More Information: Boston SF
Related Blog Posts: