Offering Brochure - CBRE Marketplace

Location & Market Overview
Greater Boston Overview
Greater Boston is one of the largest metropolitan areas in the United States with approximately 4.5 million residents. With an array
of vibrant communities, an extensive public transit network and a number of world-class amenities, Greater Boston is a desirable
area to live and work and one of the wealthiest regions in the United States. The city of Boston also ranks among the top U.S. cities
for real estate investment and continues as a model for stable economic growth. As one of the world’s most attractive places for
innovative companies to invest, the region maintains a high quality of life and a diversified employment base due in large part to
the strength of its education, healthcare and biotechnology industries.
Economic Drivers
The city has long been considered one of the most innovative areas in the world with a healthy, resilient economy, excellent infrastructure
and dozens of the world’s leading universities. The city is home to more than 20 colleges and over 30 hospitals and research
facilities such as Massachusetts General Hospital, Brigham and Women’s and Beth Israel. Boston is also one of the largest recipients
of funding from the National Institute of Health (NIH) and ranks as a global leader in the biomedical and life sciences industries.
Top employers in these fields include Pfizer, Genzyme, Vertex Pharmaceuticals, Biogen Idec, Millennium Pharmaceuticals and Millipore
Corporation.
In addition to its large education and healthcare sector – which accounts for more than 20% of all jobs within the region – Boston
is also supported by its strong-performing high-technology sector, which has posted significant job gains and has helped to drive the
state’s innovative “knowledge-based” economy. Massachusetts’ steady production of goods and services, a common measure of
economic growth, is also driving the state’s economic improvement, which is further supported by a high concentration of manufacturing
and technology firms within the region.
5 Location & Market Overview