Boston– Despite its affordability and congestion issues, Boston ranks No. 2 for investor demand and No. 5 for overall real estate prospects, according to the just-released 2020 Emerging Trends in Real Estate® report, a national survey of top real estate markets from PwC and the Urban Land Institute (ULI).
On October 2, 2019, ULI Boston/New England will present the highlights of the Trends report during a forum hosted by Mitch Roschelle, a PwC Partner and co-publisher of this highly regarded and widely read forecast. The event is being held at PwC Boston, 101 Seaport Blvd. The discussion kicks off at 8:00 a.m. and will feature a response panel comprised of these local real estate leaders:
- Julia Georgules, JLL – Director of research (East and Canada)
- Tal Peri, Union Investment Real Estate – Head of acquisitions and dispositions (U.S. East Coast and Latin America)
- Doug Poutasse, BentallGreenOak – Managing Director and head of strategy and research
- Kirk Sykes, Accordia Partners – Managing Director
“We all recognize how Greater Boston’s underlying economic characteristics – things like our strong GDP, top-tier universities and hospitals – are reinforcing the investment opportunities here,” said Michelle Landers, executive director of the ULI Boston/New England District Council. “But we also recognize the challenges that come from our high costs of housing and construction. Our panel will delve into those issues and offer perspective on how the market is reflected in the Trends report.”
According to the publication, “Survey respondents do not foresee [affordability and congestion] slowing down future investment, with Boston earning the second-highest score (after Austin and ahead of Nashville) for investor demand expectations.”
