2.5 New Jobs for Every New Home in Boston
"By historical standards, Greater Boston has added a lot of housing in the last few years. But it is adding even more jobs. And that’s a key reason why living here keeps getting more expensive," reports Tim Logan.
The results of a new research from the real estate website Apartment List, "which found that since 2008 the region has added 2½ times as many jobs as it has housing units," according to Logan. Only the San Francisco Bay Area has achieved a greater imbalance during that time.
"Since the 2008 recession, Greater Boston’s economy has added about 275,000 jobs, many of them in well-paid industries like technology and life sciences. At the same time, it has added 108,000 apartments and condos, mostly in Boston and a handful of nearby municipalities," adds Logan for more details.