What are your predictions for commercial real estate in 2020?
I am bullish on commercial real estate development in Massachusetts next year.

Interest rates are low and there are many great development opportunities out there from Boston to Worcester and beyond.

According to a UMass Donahue Institute report, Massachusetts’ economic growth continues to outpace the nation’s by about 1.5% which puts the state at or near 100% employment.

This bodes well for a continued boom in commercial real estate development from residential, to senior care facilities, to retail, to office and recreational properties.

I predict we will see a lot of cranes along the skylines in 2020.