Here are some highlights from the video below why investors like building luxury condos in Boston:
1, If you’re a global investor Boston is a much smaller city than some of the other gateway cites like; NYC, LA and San Francico.
2. A well educated workforce that draws from traditional financial businesses plus technology and the growing biotech industries.
3. Scarcity of land development. Scarcity of land is how you create value.
4. Large student population leads to innovation and those students tend to stay in Boston. Plus new students come in every year to MIT, Harvard Boston College ect..