Boston: One of the tech industry's finest
Top talent and an entrepreneurial environment have made the city a big favorite.
Market overview
Boston remains one of the strongest and most resilient technology markets in the nation. The Greater Boston area boasts the seventh-largest volume of employees in tech occupations in the country, an impressive feat considering its total size in comparison to other major cities.
The access to talent, resources and innovation in Boston continue to be major draws for tech tenants looking to elevate their companies. This innovation is exemplified by the high volume of patent activity coming out of the Boston metro. Almost 6,000 were filed in 2015, the 5th highest volume in the US.
The city's high density and diverse technology sectors positions it well to grow as a technology hot spot. That should continue to foster creation of new startups, organically accelerate growth for existing tenants and attract out-of-market tech leaders looking to tap into the advantages the area offers.
Numbers to watch
- 133,660 - People employed in tech jobs
- 5,949 - Total patents granted (in 2015)*
- 37.4% - 5 year patent growth
- 4.4% - Share of U.S. patenting activity
* - Latest available numbers from the United States Patent and Trademark Office (USPTO)
Top lease transactions (2017)
1. 235/225 Presidential Way
- Submarket: Northwest (Suburbs)
- Size: 440,000 s.f.
- Type: Renewal
2. 1 Memorial Drive
- Submarket: East Cambridge
- Size: 250,000 s.f.
- Type: Renewal w/ expansion
3. 121 Seaport Blvd.
- Submarket: Seaport District (Boston CBD)
- Size: 250,000 s.f.
- Type: Relocation
