East-Boston-OM

me:

EMPLOYMENT BREAKDOWN

EDUCATION AND HEALTH SERVICES EDUCATION AND HEALTH SERVICES

DIVERSE ECONOMY While education and healthcare dominate in Greater Boston, accounting for 21% of total employment, the metro area boasts a rather diverse economy. Professional services, trade and utilities, government and tourism are major industries here as well.

EDUCATION AND HEALTH SERVICES

PROFESSIONAL, SCIENTIFIC & BUSINESS SERV TRADE, TRANSPORTATION, AND UTILITIES PROFESSIONAL, SCIENTIFIC & BUSINESS SERV TRADE, TRANSPORTA ION, AND UTILITIES PROFESSIONAL, SCIENTIFIC & BUSINESS SERVICES TRADE, TRANSPORTATION, AND UTILITIES

.5% .5% .6% .6% .5% .8% .7% .1% .9% .8%

GOVERNMENT GOVERNMENT

GOVERNMENT

LEISURE AND HOSPITALITY LEISURE AND HOSPITALITY LEISURE AND HOSPITALITY

FINANCIAL ACTIVITIES

FINANCIAL ACTIVITIES FINANCIAL ACTIVITIES

MANUFACTURING

MANUFACTURING MANUFACTURING

MINING, LOGGING ANDCONSTRUCTION MINING, LOGGING AND CONSTRUCTION MINING, LOGGING ANDCONSTRUCTION

OTHER SERVICES

OTHER POSITIVE ATTRIBUTES • Greater Boston’s population base is young and well-educated, particularly within the Boston city limits. 25-34 year olds with a 4-year degree account for 7.6% of the adult population in the metro area.

• Within the Boston city limits roughly 35% of the population is aged 20-34 years old; ranking the city 1st in the nation.

• Boston, particularly Cambridge, has grown into a global biotech and life science hub, with many of the world’s leading pharmaceutical companies maintaining a presence here. Employment in bioscience-related jobs is about 50,000 in Boston.

• Boston has emerged as a gateway city. Nationally, the U.S.’s economic strength and relative returns compared to other global market has driven an influx in foreign capital into commercial real estate. Boston has been a direct beneficiary, with foreign investors accounting for slightly less than 20% of total office sales volume year-over-year as of Q2 2017.

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