The economic progress in Massachusetts has created a side effect of longer commutes, according to a study by AAA Northeast, based on U.S. Census Data. Residents in the Boston Metro area spend an average of 29 minutes on a one-way commute, up from about 27 minutes a decade ago.
Simply put, the economic opportunities found in our area have attracted more residents, which has helped boost home prices and rents. In turn, average commute times have lengthened as residents pushed their home searches into the suburbs.
As of 2017, Boston has an estimated population of 667,137 residents, rising from 618,000 during 2010. But during traditional work hours, there are about 1.2 million people in the city. During special events, the number of people flocking to the city can reach 2 million! Understandably, one’s perception of an average commute time can vary widely.
The Boston Metro is the 4th most densely-populated region in the U.S., while the average commute times for Massachusetts residents are currently the 5th-highest in the nation, according to the Boston Globe. Areas with longer commute times include the New York and New Jersey metropolitan areas, the Los Angeles Metro, and the D.C. Metro.
With a booming technology sector, world-class institutions of higher learning, and advanced life science centers, the Boston Metro will continue to attract new employers and new residents. Boston Metro commercial real estate will remain in strong demand, especially for sites located near public transportation.
When you are ready to begin, relocate or expand your business, team up with the Jay Nuss Realty Group, LLC! Whether you are thinking of buying or leasing Boston Metro commercial real estate, we can help you find the ideal property.
Contact us today for expert guidance!