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News release


Boston remains top global city for investment

JLL ranks cities rapidly becoming most attractive to commercial real estate investors

BOSTON, March 23, 2017 – For the second straight year, Boston joins the likes of London and Silicon Valley among the Global Top 30 on JLL's 2017 Investment Intensity Index. Meanwhile up-and-coming U.S. cities like Raleigh-Durham and Austin are giving us a run for our money. It's because these smaller powerhouses are punching above their weight in proportion to their local GDP and going head-to-head with highly globalized markets that are traditionally more attractive to investors.

"Global competition continues to intensify and investors are targeting small-to-mid sized cities. It's changing the investment landscape. New world cities in the U.S. that excel in innovation and transparency are now firmly on global investors' radars as they look to tap into their dynamic economies," said Jeremy Kelly, JLL Director, Global Research.

"In the past 10 years Boston has become a top destination for global investment due in part to its unique blend of a young and talented workforce, resources and academic and inspiring incubator community that drives innovation," said JLL New England Research Manager Lisa Strope. "With some uncertainty in global markets in 2017, Boston will continue to attract foreign investment because of our solid economic foundation balanced by a diverse number of growing industries."

The rise of new world cities

New world cities typically excel in technology innovation, have a robust infrastructure, high quality of life and transparent business practices. Since 2006, their contribution to global investment volumes has virtually doubled to 23 percent and the group currently accounts for 70 percent of the Global Top 30 cities (complete list at left).

JLL's Investment Intensity Index compares the volume of direct commercial real estate investment in a city over a three-year period relative to its current economic size. It builds on proprietary research from 2015 and analyzes investment trends in three categories:  New World Cities[1], Established World Cities [2]and Emerging World Cities[3]

Boston packs a punch on the global stage

In the U.S., large gateway markets like New York, Washington, D.C. and Los Angeles will maintain a dominance in absolute volumes and investment intensity. Meanwhile, here in Boston investors are taking note of the city's tech-focused tenants and millennial employee base. 

All of those factors are driving Boston's continued presence on the global stage. According to JLL, Boston ranked 14th in the world and 4th in the country in the Investment Intensity Index. Perhaps most impressively, the city ranked 1st in the US when looking specifically at the Office sector.               

About JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. A Fortune 500 company, JLL helps real estate owners, occupiers and investors achieve their business ambitions. In 2016, JLL had revenue of $6.8 billion and fee revenue of $5.8 billion and, on behalf of clients, managed 4.4 billion square feet, or 409 million square meters, and completed sales acquisitions and finance transactions of approximately $136 billion. At year-end 2016, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of more than 77,000. As of December 31, 2016, LaSalle Investment Management has $60.1 billion of real estate under asset management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit

[1] 'New World Cities' are small to medium-sized cities (typically 1-5 million population) that have robust infrastructure and attractive liveability platforms and deliberately focus on a limited number of global specialisms.

[2] 'Established World Cities' are the world's most highly globalised and competitive economies with the deepest and most settled concentrations of companies, capital and talent.

[3] Emerging World Cities' are the business and political capitals of large or medium-sized emerging economies that function as gateways for international firms, trade and investment.