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It’s never a surprise when the Boston area sees most of the action in this region, and that’s once again the case, as the city is enjoying low office vacancy rates in its financial district and a ton of tech hiring by firms within the 495 Beltway. According to CBRE Research data, the Boston metro added 13,185 new tech jobs (49.6% of all new office jobs in the area) from 2011-2013. MIT plans to build a $350 million nanotechnology research center, and a $1.6 billion Wynn Resorts casino project in Everett, Mass., is on the drawing boards. The Boston-Cambridge-Quincy MSA logged almost 8,000 building permits through August, but year-over-year residential construction is off compared to 2013.
Other projects of note in New England include the Deepwater Wind project off coast of Rhode Island scheduled for construction in 2015; the $2.5 billion Cape Wind project that calls for 130 wind turbines; and the new $150 million Bone and Joint Institute that recently broke ground at Hartford Hospital in Connecticut.
ELECTRICAL WHOLESALING'S SALES FORECASTS
FOR THE NEW ENGLAND REGION
Massachusetts and Connecticut account for more than 70% of distributor sales in New England.
EMPLOYMENT IN KEY CUSTOMER GROUPS IN THE NEW ENGLAND MARKET
You can use the employment data below to calculate sales potential for key customer groups by region, state and Metropolitan Statistical Area (MSA) by using this data and Electrical Wholesaling's 2015 Sales Multipliers. To get these multipliers and to learn how to use them, click here to get to Electrical Wholesaling 2015 Market Planning Guide. Just scroll down and search for "multiplers."
