We certainly have much to think about as we look forward to the next six months. There is a new president and no one is sure what effect that will have on the building industry. We have a stock market that keeps going up on hope for the future and all of us just trying to navigate the world
2020 was a year dominated by the global pandemic and 2021 starts off with emotions running high and uncertainty in the market. The outlook for commercial real estate this year is an expected cautious reopening as the vaccine rollout continues and we expect the finance markets
As the construction industry enters 2021, NECA Boston Chapter views the upcoming year with an ever-present sense of optimism coupled with a strong dose of reality. That said, 2020 was a year that will have lasting impacts on all businesses in every market sector, including the construction industry.
One easy prediction to make for the year ahead is that there will be some significant changes, not just in the construction and real estate industry, but throughout the economy: some for the better, some for the worse. So, let’s instead take a look at a few things that probably won’t be changing:
For the fourth year in review, I have the opportunity to consider the New Year Forecast for the hospitality business in New England. In reviewing my articles written in 2018 and 2019 I am proud to say that most of what was anticipated came to fruition. However, I missed big time for 2020.
If you want to know what is going to happen to industrial real estate in 2021, read this article. Just kidding. There have been a number of financial topics that would greatly impact the commercial real estate market surrounding the election, but nobody knows for sure what is going to happen.
As we enter the first quarter of 2021, our clients are asking us for our predictions regarding the overall insurance environment. Until 2018 the insurance marketplace saw significant inflows of capital, manageable loss experience and ample carrier surplus. As a consequence
On January 21st Peter Harrington, Malone Commercial Brokers, presented the “Greater Portland Retail Forecast” at the Maine Real Estate and Development Association’s (MEREDA) 2021 Virtual Forecast Conference. Below is a synopsis of his presentation. At the beginning of 2020, occupancy rates in New Hampshire’s office and industrial markets were solid – above 92%. The pandemic has shifted occupancy rates in both sectors, but in different ways. The office market remains unsettled as the state moves farther away from the initial pandemic
The global COVID-19 pandemic created many challenges for the commercial real estate industry. Many small and local businesses have closed or continue to hang on to the hope that business will resume to “normal”. “Essential” businesses have prospered in comparison
