Leasing

Real estate practices can get stuck in the mud, but in today's world, that's a dangerous and unnecessary practice.

"You have to be willing to spend hours of your own time developing the skill sets you need to succeed in your functional area," says Colleen O'Connor of BioMed Realty.

Technology is becoming a key part in increasing key talent, too.

Eli Lilly and Co. has signed a long-term, full-building lease at Alexandria Real Estate Equities' new Institute for Genetic Medicine, located in the city's Seaport innovation district.

Developers hope to provide clients a chance to "enhance culture" as they return to the office, Cushman & Wakefield said.

Vacancy fell in 41 suburban markets in Q4 2021, in contrast to 28 CBD locations.

Developers reportedly built 2.3 million square feet last year, increasing the industrial supply by 1%.

Holland Partner Group, North America Sekisui House and Lowe are partnering to develop West, a 37-story tower with office, apartments and retail.