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What is the office sector experiencing as it moves out of COVID-19? - by Bill Pastuszek
June 11, 2021
What is the office sector experiencing as it moves out of COVID? What is in store for landlords, tenants, and office occupiers going forward? The office market is an asset class that was affected very fundamentally by the lockdown: The house/apartment/loft became the office for many, and is likely to continue to be for some.
COVID-19 its effects on the Greater Boston multi-family market - by Bill Pastuszek
May 28, 2021
Just a year ago – was it that long ago? - economic activity was in a deep state of shutdown. Many real estate sectors were experiencing high despair with little signs of vitality in retail, offices, and lodging markets, and looking with some trepidation at multi-family
Uncertainty Faced - Where are we Now? - by Bill Pastuszek
April 30, 2021
We have spent more than a year worrying about contact with others like us. Our public places have not been full of humans as intended. Our office buildings and stores are not operating to capacity. Retail and lodging markets are still in flux.
Trends or transformations: Housing market and the pandemic - by Bill Pastuszek
April 9, 2021
A year ago, the economy was in a deep shutdown state. The real estate industry was despairing of signs of viability in the retail, offices and lodging sectors and looking at a looming rent payment and eviction crisis
Update on the industrial market in Boston - by Bill Pastuszek
March 12, 2021
As we all pretty well know, industrial markets – by that, including warehousing, logistics, etc – have been the darling property sector during COVID-19. The Boston industrial market
“Retail to industrial” represents opportunity for industrial and salvation for some retail - by...
March 5, 2021
As we all pretty well know, industrial markets – by that, including warehousing, logistics, etc. – have been the darling property sector during COVID. CBRE’s 2020 Market Overview noted that “the U.S. industrial market
Richard “Dick” Dennis, Sr.: A life well-lived - by Bill Pastuszek
February 12, 2021
Dick Dennis passed away recently, having lived more than 90 years as an active and avid Bostonian. He lived a life of service to his family, his faith, and to the real estate appraisal profession.
The past year, reviewed. The next year, forecasted. - by Bill Pastuszek
January 15, 2021
To say that 2020 was an eventful, unprecedented year is to go with the traditional wisdom, which happens to be mostly right. Of real estate and appraisal, COVID created some challenges and gave out some surprises.
Addressing bias in appraisals - by Bill Pastuszek
December 11, 2020
As professional real estate appraisers, we proudly point to the accomplishments that the profession has made over the past half century. We look to the ongoing development of high performance standards for our various practice areas, in part through the continued evolution of USPAP. We continue to enhance appraisal education for practicitioners and those seeking to enter the field.
The COVID world has reshaped how work is done and how the workspaces are now viewed - by Bill Pastus...
November 13, 2020
Appraisers concentrate on the economic analysis of real property though the lenses of the four great external forces: Governmental, economic, social, and environmental. They consider the four characteristics that are required to establish value in real estate (and many other assets): Demand, utility, scarcity, and transferability. Appraisers also consider physical forces, including environmental, topography, water, location, and climate effects.
Residential appraisal – Down the road - by Bill Pastuszek
October 30, 2020
The rapid uptick in residential market conditions after the COVID lockdown has generated strong demand for appraisers. Given the low interest rate environment created as a market reaction to the pandemic’s effects and some trends creating demand for detached housing and new construction, the uptick – rather a continuation of 2019 - was somewhat unexpected but not entirely unsurprising.
A little more than six months into… the new normal. So far, so good. - by Bill Pastuszek
October 9, 2020
A little more than six months into…the new normal. So far, so good. A lot of counterintuitive results to be considered.
Compression: Late summer musings - by Bill Pastuszek
September 11, 2020
Late Summer Musings. Working remotely, trying to understand the current state of the country, world, real estate, and appraisal.
Industrial markets and COVID-19: Current trends - by Bill Pastuszek
September 4, 2020
The COVID-19 environment is nearing the six-month mark, depending on when you start counting. Massachusetts declared a state of emergency March 10; the NHL “paused” on March 12.
The current state of appraisal - by Bill Pastuszek
August 14, 2020
Where have all the appraisers gone? Where are the new ones coming from? Will technology take over the appraisal function? Why is it so difficult to become an appraiser?
Some COVID trends becoming clearer - by Bill Pastuszek
July 10, 2020
As this COVID situation drags on and even escalates, we enter this summer with great discontent and uncertainty.We thought if we hunkered down for a few months, paid our dues by staying in our bunkers and acting virtually (and virtuously)
Technology in the time of COVID-19 - by Bill Pastuszek
June 12, 2020
In this jumbled, unreal, and hard time world, after a long, uncomfortable lock-down, we yearn for some semblance of normalcy. As we start to come out of the lock-down, we think about doing things that we haven’t done or haven’t been allowed to do.
“The trouble with charts these days is that they keep breaking” - by Bill Pastuszek
May 29, 2020
We all have no doubt spent some serious time and effort in trying to figure out what is happening and what will happen in our real estate markets. Lots of data, less clarity. Trouble is, we have enough of a challenge
Uncertainty in the time of COVID-19 - by Bill Pastuszek
May 8, 2020
Uncertainty in the time of COVID-19. Real estate investors – investors of all types – abhor uncertainty, knowing however it is always present. Investment activity is guided by managing risk inherent in an uncertain future. The COVID-19 environment has taken investment uncertainty to new levels.