Burlington: The Strength of a Quiet Corporate Town - Burlington - 1

If a small town has 40,000 jobs, its identity is closer to that of an employment center than a residential area.

Burlington is a representative employment hub located along the Massachusetts Route 128 corridor. Over 2,600 companies operate within this small town, employing about 40,000 people, which far exceeds the town's residential population. This also means that a significant number of people commute to Burlington from other areas every morning.

The town's establishment as an employment center can be traced back to the completion of Route 128 in the 1950s and 60s. Between 1955 and 1965, Burlington was recognized as the fastest-growing town in Massachusetts, with its population tripling, and the industrial and commercial foundation established during this period continues to this day. Currently, the largest employment sectors are retail, information technology, and healthcare, with 2,876 professionals in scientific and technical services, 1,922 in healthcare and social assistance, and 1,503 in educational services based on Burlington residents.

However, recent trends indicate a slight adjustment phase. Between 2023 and 2024, the employment size for Burlington residents decreased slightly from 14,300 to 14,200. The unemployment rate varies between 3.4% and 4.4% depending on the survey agency, which seems to be related to the adjustments in workforce management of office-based companies due to the spread of hybrid work following the pandemic.

In terms of infrastructure, the advantageous location where Route 128 intersects with Route 3 has led to ongoing remodeling of office and research complexes, and there are well-established shopping malls and hotel infrastructures that maintain favorable conditions for attracting businesses. There are also consistent reports of companies in the healthcare and life sciences sectors relocating their office spaces to the Route 128 corridor, like Burlington, to avoid high rental costs in downtown Boston.

For Korean households, Burlington is consistently favored due to its excellent school district and convenient commuting options. As long as its status as an employment center remains stable, rental demand is likely to remain strong; however, the recent slight decrease in employment and adjustments in office demand are points to consider carefully for those contemplating commercial real estate investments.

Burlington has grown by maintaining and enhancing its already established robust corporate ecosystem rather than through flashy new development news. It is likely to continue its status as a key employment center along the Route 128 corridor in ten years, but how it adapts to structural changes in office-based industries will be crucial.