GE is coming: beat the rush

Last weekend, after the announcement that GE is moving its corporate HQ to Boston, the first GE executives were spotted house-hunting in Marblehead.

For the real estate market in and around Boston the significance is not just the arrival of 800 GE employees but also the fact that GE is expected to be a draw for other technology companies, particularly those in the “Internet of Things”.

Why is GE moving to Boston?
“GE aspires to be the most competitive company in the world,” said GE Chairman and CEO Jeff Immelt. “We want to be at the center of an ecosystem that shares our aspirations. Greater Boston is home to 55 colleges and universities. Massachusetts spends more on research & development than any other region in the world, and Boston attracts a diverse, technologically-fluent workforce focused on solving challenges for the world. We are excited to bring our headquarters to this dynamic and creative city.” (more…)