BOSTON- Elizabeth Berthelette‘s excellence as a leading researcher and economist derives from a lifelong commitment to the passions that fuel her—a career in research, forging opportunities for women and community being chief among them. With nearly two decades of experience, Berthelette serves as Newmark’s Head of Northeast Research and National Life Sciences Research in the firm’s Boston office.
In her role as Head of Northeast Research & National Life Science Research, Berthelette collaborates with Research along with Capital Markets and Brokerage professionals to provide data in high concentration Life Science markets across the US. Berthelette’s team issues the firm’s quarterly research reports for various asset classes and geo-markets. Additionally, her team provides research support to several of Newmark’s top-producing brokerage and capital markets professionals.
When asked by BRET about what inspires her, Berthelette said, “I’m inspired by my colleagues and industry peers. Their research and insights push me to think critically and develop new, innovative approaches in commercial real estate.”
Regarded as a leading researcher and economist, Berthelette’s commentary and research are often quoted in top-tier national and regional publications. Her dedication to advancing the industry is matched by her commitment to mentorship and community service. She has held leadership roles with CREW Boston, including serving as President of its Educational Foundation Board and co-leads CREW Network’s Healthcare/Life Science Council. With the Counselors of Real Estate, she serves as a national Membership Chair and recently accepted the Vice Chair role for its New England Chapter.
Equally important, Berthelette actively gives back her local community through extensive volunteerism in Bellingham, MA, where she has chaired zoning boards and contributed to urban planning initiatives.
On March 12, 2025, Elizabeth Berthelette will be honored with the Outstanding Women of 2025 award at the annual Women of the Year awards gala at Burlington Marriott Hotel in Burlington, MA.
To buy a ticket, please click here.
With over 20 years of experience as a seasoned researcher and economist for commercial real estate, Berthelette oversees Life Science data pertaining to employment, the strength of local markets, supply/demand balance, new construction, build-out costs, vacancies, investment sales activity and debt financing. Additionally, beyond real estate, Berthelette provides insights on Life Science market demand drivers such as population, clinical trials, healthcare costs, manufacturing, funding and public markets.
Based in the company’s Boston office, Berthelette is a frequent contributor to leading local and national industry publications and organizations such as The Business Journals, CoStar, GlobeSt. and Bisnow. Joining Newmark in 2019 as Director of Research, Berthelette brings extensive experience in producing reliable data and market analyses and authoring quarterly market reports, white papers, blog posts and guest columns on relevant trends. A recent project by Berthelette is a report co-authored with Lisa Dwight commissioned by the NAIOP Research Foundation titled “Forging the Future: Manufacturing Growth and Its Effects on North American Industrial Markets”. She has also been a speaker at the CREW event, “Industrial Market Business Opportunities across North America” in December of 2024.
Prior to joining Newmark, Berthelette held senior research positions at Hunneman and Colliers International.
Newmark is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum.
Read our full Q&A with Elizabeth Berthelette below.
Boston Real Estate Times: What do you enjoy most about your work?
Elizabeth Berthelette: Commercial real estate is constantly evolving, making every day unique. I enjoy leveraging data and analytics to solve problems and guide clients, particularly through thought leadership and white papers.
BRET: What is the one thing you attribute your success to?
EB: Strong professional and personal relationships have been instrumental in my nearly 20-year career. Whether seeking advice from former colleagues or navigating complex research challenges at Newmark, my network has been invaluable.
BRET: To which charitable, community and professional groups do you belong and why?
EB: I am actively involved in CREW Network and the Counselors of Real Estate (CRE). CREW has been a key resource for mentorship, leadership development, and thought leadership opportunities, including white papers and speaking engagements. Co-leading CREW Network’s Life Science/Healthcare Council has connected me with top women professionals globally, reinforcing my commitment to supporting the next generation of leaders.
As a member of CRE, a designation for trusted advisors in commercial real estate, I’ve taken on leadership roles, including chairing the national membership committee. It’s an honor to contribute to the organization’s growth and diversification.
BRET: In what way do you feel you have most positively influenced or served the local community, your company/organization or professional field?
EB: Since moving to Bellingham, MA, I’ve applied my real estate expertise to local planning, zoning, and economic development efforts. My involvement spans chairing the Zoning Board and MBTA Zoning Subcommittee, as well as contributing to the Master Plan Implementation Committee. These roles allow me to shape my community’s growth and development.
BRET: What are your hobbies and interests?
EB: Spending time with family and friends, relaxing with my Great Dane, reading on the beach, ‘90s hip-hop, and (controversially) pineapple on pizza.
BRET: Your favorite books?
EB: British crime novels and zombie apocalypse stories.
BRET: Your favorite quotes?
EB: “Without data, you’re just another person with an opinion.” – W. Edwards Deming
“You only YOLO once.” – Workaholics
BRET: The one person you would like to meet and why?
EB: Janet Yellen. As a woman in economics and commercial real estate—both male-dominated industries—I admire her groundbreaking career and would love to hear her insights.
BRET: The core values you try to live by?
EB: Honesty, integrity, hard work, and kindness.
BRET: What inspires you?
EB: I’m inspired by my colleagues and industry peers. Their research and insights push me to think critically and develop new, innovative approaches in commercial real estate.
