Evolution Sustainability Group had the pleasure of participating in Bisnow’s The Future of Boston Suburbs event in Canton, MA. The event boasted a great turnout, with industry professionals gathering at Jumbo Capital’s 150 Royale property.

One thing quickly became clear – the demand for manufacturing and biomanufacturing flex and lab space is still growing in the Suburbs of Boston. “The Boston market is very diversified,” Colliers Executive Vice President Kevin Hanna said, adding that emerging industries have helped bolster the area’s traditional economic drivers. “Advanced manufacturing … and green energy technology is a rapidly growing sector. That’s where we are seeing a lot of demand.”

Chuck Hurchalla, president of Evolution Sustainability Group, took part in the last panel of the day, which focused on The Rise of Suburban Shopping Centers. The panel centered around the implementation of “lifestyle” retail spaces, which are continuing to take shape across the suburb market. The panelists all agreed that sustainability and ESG must now be a part of almost every development and leasing discussion. Energy-efficient strategies such as LED lighting, renewable energy, and EV charging are becoming a non-negotiable for owners, operators, and renters.

Overall, the event was a great opportunity for the New England Team at Evolution SG to meet with existing clients, industry partners, and real estate professionals.

What are the benefits of flex space? Some asset managers believe including flexible space in your property can benefit your larger asset strategy. Assets that allow for quick expansion or contraction are more appealing to tenants and provide owners/operators with more alternatives, improving the value of the entire asset.

Missed the event? Join us for Boston Smart Buildings & Sustainability on June 13th!