We love numbers and digging into how they tell a story. Below are a selected set of numbers we are closely monitoring as they contribute to the Greater Boston, or Massachusetts state economy, and in turn, the health and performance of commercial real estate.
- 17.4 Percent unemployment rate in Massachusetts in June.
- 460% Increase in passenger volume at Logan Airport from April to June.
- 1,058+ Hotel rooms being rented by colleges/universities to house students and faculty.
- 138,000+/- Number of students that typically come to Boston in the fall.
- September 16 Date schools must begin instruction, per the Department of Elementary and Secondary Education.
- 948,828 Students enrolled in Massachusetts for the 2019-2020 school year.
- 60-70 Percent of pre-COVID-19 vehicle miles traveled in counties across the state save for Suffolk County (30-40%), per Mass DOT.
- -88 Percent decline in T revenue in late June from the year prior, per MBTA.
- 14 Number of Massachusetts companies to IPO in 2020, per Crunchbase.
- 4 Number of IPOs in July, per the same source.
- $6.53 billion Amount of VC funding to Massachusetts life science companies YTD, per Crunchbase. There was $6.55 billion in all of 2019.
- 0 Number of major under construction projects that have stopped.