Boston is our local market that we have been building in since 2015. We have a deep understanding of the demand drivers and have built strong connections with local government, contractors, and consultants. The Boston area has gone through a staggering transformation in the last decade. Life Sciences Venture Capital investment and NIH funding have completely changed the landscape of the city and has cemented Boston as one of the country’s premier real estate markets of the 21st century.
The robust pipeline of new talent coming out of top-tier universities like Harvard, MIT, Boston University, and Boston College continue to attract outside investment from employers. The Life Sciences sector is also relatively recession-resistant and was not affected by COVID since many of these jobs are not conducive to remote work. In terms of population growth, Boston has exceeded their 2030 population projections from a study done by the Boston Planning & Development Agency back in 2014 – their original goal of building 53,000 new housing units was far short of the true need.
Massachusetts: Top 3 State in terms of per capita income and Top 3 State in terms of highest average income.
Massachusetts is also a Top 3 state in terms of overall population density – small geographic area combined with a relatively large population. When you combine this with a housing shortage from overly restrictive zoning laws, you get a supply and demand imbalance and significant asset appreciation.
Ranked #1 for Best Healthcare Systems in America: Massachusetts General Hospital, Brigham & Women’s, and Boston Children’s Hospital are top tier institutions that treat people from all over the world.
Two Top 5 Universities within a square mile of each other – Harvard & MIT