News & Updates

Director Meade Addresses Colliers International

Jun 11, 2013


BRA Director Meade addressed over 300 real estate and business executives at Colliers International Mid-Year Market Overview.  Among the highlights:
  • Boston added 11% of its total SF in the last 20 years
    • Nearly 80 million SF of new development
    • 21,618 units of housing
    • 7,140 hotel rooms
    • 9.4M SF of office space
  • Under Construction Now
    • $6 billion
    • 15.7M SF
    • 63 projects
    • 6,827 residential units
  • A Sampling of Major Development Projects Coming Online through 2014:
    • Allston/Brighton: Charlesview Residences, Harvard Business School Tata Hall
    • Back Bay: Liberty Mutual, Berklee College of Music, Exeter Residences
    • Bulfinch Triangle: The Victor
    • Chinatown: Hong Lok House
    • Downtown Crossing:  The Kensington, Millennium Place, 120 Kingston
    • Fenway: Marriott Residence Inn
    • Innovation District: District Hall, Marriott Residence Inn, 381 Congress Street, Boston Wharf Tower, Waterside Place, State Street, Vertex Pharmaceuticals, 411 D Street, 100 Pier 4
    • Roxbury: Dudley Municipal Office Building
  • 35% of Bostonians (ONEin3) are between the ages of 20 and 34.  This group is diverse, highly-educated, and keenly aware of its carbon footprint.
    • Higher than any other city in the nation.
    • 1/3 own their own home.
    • Drove 75% of Boston's population growth between 2000 and 2010.
    • 32% speak a language other than English at home
    • 26% were born outside the U.S.
    • Nearly 60% walk, take the T, or bike to work.
    • Hold half of the bachelor's degrees in Boston.

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