The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary
In reviewing the year so far, what are some of the factors that are influencing markets? For commercial real estate (CRE), what are some signposts that may help to understand what is in the offing? How is New England doing compared to
As we approach 2025, the commercial real estate (CRE) landscape is poised for a period of increased activity influenced heavily by the expectation interest rates will continue to decline. With the sales slump of 2023 behind us, 2024 has seen an uptick in sales activity. The Federal Reserve decreased the fed fund rate 50 basis
I am an optimistic person therefore first with the good news. At this time of limited inventory, a number of hotels have sold where the motivation is based upon generational change. These owners usually have low debt, have been in ownership for significant periods of time
In these industrial market update columns, I have been opining of the merits and challenges of the recently formed product type of real estate that has been labeled, “IOS” – or for those of us who are not interested in
It is hard to find any publication with positive things to say about the commercial office market — and for good reason. COVID and post-COVID shifts in the workplace have solidified the work-from-home (WFH) model as more than just a
The commercial real estate market in Rhode Island, and nationwide has been through quite the transition in the last 18 months and we are in for a dynamic year ahead, shaped both by national and regional factors and trends. A major catalyst is the Federal Reserve’s decision to lower their benchmark rate for the first time in four years,
As 2024 winds down, with no new construction in sight, we expect that the supply of industrial buildings and spaces in the Rhode Island market will remain low, with vacancy rates in the 3-4% range for “modern” industrial buildings.
As we head into the final quarter of the year, the Rhode Island office space market is sending mixed signals. On one hand, vacancy rates have been ticking up, a trend that has left many landlords and lenders concerned. Yet, on the other hand, there’s a growing sense of optimism in the air as
New England Real Estate Journal's 2024 Fall Preview Spotlight!
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