MPA’s clients are increasingly viewing the workplace as an important physical asset for attracting and retaining top talent, and we expect that trend to continue in 2019. Younger employees are looking for flexible, dynamic workplaces, not the old office models of the past. There is a clear business imperative for creating a work environment that inspires, motivates, and connects employees,
We see several trends for 2019. Even with a rising interest environment, there is strong demand and pricing of core industrial and flex properties inside 495. We believe there will be significant trading of these assets in 2019 as more owners look to lock in appreciation and buyers look to lock in rates before anticipated increases.
We’ve merged with the New England Restaurant Group to form the largest hospitality brokerage and consultancy in the country approaching a half billion in sales and fees.
The life science industry will take advantage of the bountiful opportunities suburban cities and towns offer at a faster rate. Although Cambridge will always be the epicenter of the life science industry in Massachusetts, the low vacancy rate coupled with the increasing rents will continue to make the suburbs attractive to many small to mid-size companies
Boston will continue to be strengthened by the education and hospital communities who have inspired the development of high tech, biotech, and entrepreneurship. The proactive government, lead by governor Baker and mayor Walsh, provides the construction of commercial buildings to serve the economic growth and housing for the new residents to keep the greater
Despite the questionable economy and the multitude of retail closures, Boston’s retail real estate in upscale tourist and demographic locations will remain unscathed unless landlords drastically raise rents. Developers will continue building retail space for national chains; new local retailers will be challenged to find space. Pop-ups will still fill empty spaces while landlords struggle to change old
I think from a “new” construction standpoint, things will continue to progress thru 2019.
With the current booming economic conditions, I believe 2019 will be another successful growth year.
???????However, we will be planning for the inevitable slow down of the economy that may occur in the upcoming years.
I expect that we will see more boutique type shops and more specialty shops coming to the city.
I think there will be a transformation from standard retail to more adventure and experience-related retail. People are now looking for unique gifts and different things to do.
Working on a variety of complicated projects with great clients and staff and helping to grow our business in our Massachusetts office.