So much Hub real estate depends on the tech sector—or, we should say, expectations about the tech sector. There are the hundreds of micro-apartments planned for Southie. The Innovation District itself and the new construction in and around it. The future tenants and buyers (and ferry riders) in an East Boston redone in South Boston's image. And, of course, Kendall Square's jones to be the new Silicon Valley.
But suppose the tech sector doesn't come through?
A new UMass report says the commonwealth's technology, technical and consulting firms could shed nearly 10,000 jobs in the next decade. The culprit? Federal budget cuts. While the number of job loses over 10 years doesn't seem like all that much, might it be enough to jar the rosy perception of Great Boston as a welcoming place for techies. Then what? Wanna rent a 375-square-foot apartment at market rate, professor?
· Massachusetts Could Lose 50,000 Jobs in Decade [Globe]
· South Boston to Get Hundreds of Manhattan Apartments [Curbed Boston]
· South Boston Techies Will Rescue East Boston Real Estate [Curbed Boston]
· The Departed: South Boston to Change Forever This Year [Curbed Boston]
· A Day in the Life of Kendall Square: Lobster and Smartphones [Curbed Boston]