Looking back at the year 2021my firm, Wason Associates Hospitality Real Estate Brokerage Group, had one of our best years in hotel brokerage transactions and dollar volume. As we head into the new year, we are already on a pace to be even better in 2022.
Labor shortages, rising prices, and regulatory delays. No sector of the economy seems to be immune to these problems, although the construction sector seems to be among the hardest hit. “When will things return to normal” is no longer the question
After what has felt like a decade of waiting and staying home and masking up and testing and vaccines, things are starting to change. Cautious optimism is the word of the day. There are comforting signs in the data from the wastewater COVID-19 tracking system
In opposition to most prognostications, 2021 was a strong year for commercial real estate across all asset classes. As to be expected some property types did lag others, with multifamily, industrial and lab being the runaway winners but even retail, office
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
In 2022, we expect the industrial market in Rhode Island to continue to exhibit historically low vacancy rates, i.e. in the 1-2% range for “modern” industrial buildings. Similar to 2020 and 2021, demand for industrial space will continue to come from
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
Despite the rapid spread of the Omicron variant, the U.S. economy ended 2021 in strong shape. Holiday spending rose by 8.5% compared with last year, according to a recent survey. In the four-week period that ended on December 25
th, initial unemployment
What are your predictions for your industry in 2022? Investor demand was high throughout 2021, we anticipate 2022 being a very active year. Interest rates remain low, with a continued product supply issue. Buyers need to be very aggressive when competing on quality assets
What was the biggest lesson you learned while working during the pandemic? As great as it was to be able to turn to technology to continue doing business, nothing replicates those face-to-face customer interactions. Relationships are so important to us at BankRI and vital to how we support our customers
