The industrial warehouse market has seen incredible rent growth during the COVID-19 pandemic. Rent growth for the I-495 market is up 8% from Q2 2020. Market rent was averaging $8.63 per s/f NNN in Q1 2020 and is now averaging $9.32 per s/f NNN towards the end of Q2 2021.
What a difference a few months have made since my last article for the New England Real Estate Journal in January 2021. Our brokerage business has been as active as I have seen for a long while. My firm, Wason Associates, has had a business model unlike many other hotel brokerage firms and it
Holyoke, MA Kennedy Funding has closed a $1.3 million loan to Hampden Papers, Inc. Proceeds from the bridge loan will be used as working capital for the borrower’s property, located at 100 Water St.
Coming out of the pandemic, the economy is continuing to recover. Western Mass. saw an unprecedented amount of activity in the industrial sector over the last year with sale prices rising and lease rates nearly doubling for smaller facilities.
After a slow start in the beginning of 2020, the Greater Springfield industrial market has experienced consistent, positive growth in recent quarters, though future growth is limited by the lack of quality inventory. Rents were steadily increasing through Q1 2021,
Springfield, MA The Naismith Memorial Basketball Hall of Fame hosted a ribbon cutting ceremony following its $25 million museum refurbishment which launched in 2017. The museum had been closed to the public for a period of time due to the COVID-19 pandemic,
The Westmass Area Development Corporation (Westmass) is an experienced, private not-for-profit industrial and business development corporation created to promote and assist business growth in western Massachusetts. Westmass accomplishes
Human behavior and the way we consume goods have changed dramatically throughout the COVID-19 pandemic. Consumers stay home and utilize e-commerce more than ever, forcing companies to focus on strengthening their domestic supply chains, especially last-mile
Check out this year's Ones to Watch Spotlight here!Check out this year's Industry Leaders spotlight here!
...
