What is your 2026 outlook, and which trends in your industry will influence the CRE market?
We have an optimistic outlook for 2026. The opportunities continue to present themselves and it is time to capitalize on them. Focused on the South Shore, we are seeing tenant demand for office space return, flex and industrial continue to remain strong and there is an on-going need for residential and multifamily housing development. Deals require a lot more creativity and flexibility than previous years, but the opportunity to make deals is out there.
What challenges or opportunities do you see for your clients or projects in 2026?
The South Shore continues to face challenges related to infrastructure, i.e. water and wastewater. Although municipalities are working diligently to address these challenges, the region still faces headwinds in solving them entirely. Additionally, construction pricing remains a challenge, as new construction, as well as tenant improvements, materially effect the economics of every transaction. Opportunities will likely be in more build-to-suit situations or in thoughtful residential development that addresses the needs of some of the aging and younger demographics of the communities.
What is your firm prioritizing in 2026 to stay competitive and support your clients?
We continue to prioritize our relationships with our tenants and our communities, which builds trust and confidence in these professional relationships . We want to provide each with environments that facilitate how their companies work and the cultures they are trying to achieve. Amenities continue to be of utmost importance to tenants and users, so there is a continued focus on the tenant experience throughout each building. We aim to remain flexible and responsive to any changes in market demand and look forward to capitalizing on opportunities discovered.
As we enter the spring of 2026, the Rhode Island industrial real estate market stands on stable footing, following several years of resilience fueled by constrained supply, steady demand, and dynamic economic conditions.