Looking back at the year 2022, again my firm, Wason Associates, had one of our best years in hotel brokerage transactions and dollar volume. As we head into the new year, we have some really exceptional hotel properties under agreement to close in the next few months.
There is a different tone in the industrial world, specifically in the development. You could say, there have been some developments in development. These developments include markets like Boston, but also formerly secondary and tertiary markets like Southern New Hampshire, Providence, R.I., Central and Western Mass.
Many real estate property owners often think they insure the building for what they paid for it or what the current resale market value might be. This however, does not take into consideration what would happen in the event of an insured property loss that requires rebuilding
In 2022, the New Hampshire Seacoast industrial market remained strong, with vacancy and pricing rates largely unchanged from the previous year. Demand in the industrial sector stayed robust, with vacancy rates hovering around 2%, though asking lease rates stabilized after a notable jump from 2020 to 2021.
Before we anticipate what 2023 will look like, let’s thank our legislators for finally recognizing that small businesses, food and beverage, and entertainment drive our economy. The state Senate passed a bill that could pave the way for Happy Hour to return, there are a few things that lawmakers will have to work out.
Following a pandemic-fueled course correction, the global real estate industry faces transformational shifts in how buildings will be used, valued, and transacted in 2023 and beyond
Categorizing last year’s commercial mortgage loan originations as “strong” would qualify as a gross understatement. More appropriate, certainly, would be the term “record setting,” as lenders surpassed their 2021 loan-origination goals by a margin of 25%-50%.
In 2023, we expect that the supply of industrial buildings and spaces in the Rhode Island market will remain low, with vacancy rates that remain in the 1% to 2% range for “modern” industrial buildings. The demand for industrial space continues to come from the logistics, medical supply, public storage and direct to consumer sectors,
In the security industry, change is constant. As threats to safety evolve, so do the strategies and technologies used to combat them. This is especially true when it comes to video surveillance. For years, security guards have been the first line of defense against potential threats.
Signage plays a key role in showcasing your retail store’s brand image and drawing new customers into your door. It is important to develop a vibrant, fresh, and inviting branding package to let shoppers know you are open for business. Signs can be a major indicator to prospective customers that a new and exciting retail destination is opening in their area.
