Boston Market Has Strong Drivers, But Downside Risks Too
No matter how dynamic a market—and Boston's plenty dynamic—there are downside risks to go with the upside drivers. Hear more about these at our Boston State of the Market event on Sept. 13 at 22 Boston Wharf Road.
Stantec VP Fred Kramer, who will be one of our speakers, says Boston's benefiting from diverse economic drivers from meds (healthcare excellence) and eds (students) to professional services, financial and tech; job growth continuing locally and regionally; urbanization in full swing; capital flow to Boston being very strong globally; and HQs like GE thinking Boston and the innovation economy make sense for them. Also, we've got snow and rain but no quakes, hurricanes, tornadoes or fires.
But what about the risks? Fred says the market faces transportation infrastructure problems; a lack of adequate workforce housing (all high barrier to entry cities are grappling with this); sea level rise and climate change issues; economic cycles; geopolitical disasters; and terrorism. He adds that he would say Trump, but that's not going to happen, he hopes.
Fred and our other experts will be on hand at at 22 Boston Wharf Road for Bisnow's Boston State of the Market event, beginning at 7:30am on Sept. 13. You can be too; sign up here.