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Disruption 2020 - Numbers We Are Watching

Author: Aaron Jodka

By Aaron Jodka | June 2020

As this is our 11th Disruption 2020 series post, we wanted to mix it up a bit and focus on some of the key numbers we are watching closely. These cover a wide range of topics and industries but all impact our economy — and in turn, the commercial real estate market — one way or another.

500,000

 

Number of college/university students in Massachusetts.

136,000

 

People employed in higher education.

45

 

Percent of respondents to a MassINC survey saying they will drive more, post COVID-19.

41

 

Percent of respondents in the same survey who prefer to work remotely.

About $19 billion

 

Restaurant sales across the state.

30

 

Percent of respondents in a recent Boston Globe survey saying they regularly order takeout or delivery.

31

 

Percent of respondents to the Globe survey who will return to restaurants in 30 days or less.

97.1

 

Percent increase, year-over-year, in grocery spending on March 18, 2020, per 1010Data. By May 5, that number had dropped steeply and settled to an annual 9.4% gain.

1.4 million

 

Number of Massachusetts residents filing for unemployment benefits. That’s 38% of the pre-COVID-19 workforce.

$6 billion

 

Projected drop in state tax revenues for upcoming fiscal year, per Massachusetts Taxpayer Foundation.

3

 

Years it took to regain tax revenues after the past two recessions, per the same source.

$3.5 billion

 

State’s rainy day fund.

$428,000

 

Median single-family home price in April, a record high, per The Warren Group.

13.7

 

Percent decline in Massachusetts home sales year-over-year in April, per The Warren Group.

97.4

 

Percent decrease in airport passengers at Boston-Logan International Airport, year-over-year in April.

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