As 2023 marches to its end, the Rhode Island industrial market supply remains historically tight overall, but particularly on the sale side. While there is some loosening of industrial space available for lease, there are only a handful of quality options in each region of the state. While demand has waned on the leasing side compared to 2022,
For 43 years I’ve watched the transitions of the seasons spring to summer, to fall to winter, back to spring. Looking back, certain things become evident. Being a chronic entrepreneur, I can honestly say that for most people the food and beverage industry can be the easiest, most rewarding road to success…both financially
It’s been an eventful year …some good, some bad, events, and a lot that are hard to figure. Here is assembled information to aid in understanding commercial real estate markets in the context of the broader economy. The yield on the 10-year Treasury
Another season is in full swing. Autumn is a time where we feel the crisp refreshing air and vibrant colors of the trees turning. But fall is also a time of increasing darkness and cold chills. So it is with the housing industry this fall. There is a housing crisis in
Sandwich, MA When Marianne Sullivan decided to launch her own real estate auction firm in 2007, she knew she would have to keep things fresh in order to compete with the established players in an already competitive market. Sixteen years later, her firm continues to win fans with their highly personal approach and commitment to constant innovation. The proof
Not all good real estate investments, building projects, and commercial real estate (CRE) developments qualify for traditional financing. Certainly, not in their initial stages. Many banks and government lending programs specifically exclude unimproved (land with no buildings),
I reluctantly agreed to do this end of the year preview in that the uncertainty barometer is near the top of the scale. Looking back at the years 2021, 2022, and 2023 to date, again my firm, Wason Associates, had three of our best years in hotel brokerage transactions and dollar volume.
I have been given an opportunity to write for the
New England Real Estate Journal regarding industrial market updates. It is my aim to do that, and I will do that here in this article. Before I get to the real estate specific topics, I need to however share from the heart. Bear with me, it will all connect at the end.
Mid-October and no frost yet…. (where are the global warming deniers?). The primary culprit is rising interest rates both for construction loans as well as mortgage loans. While the interest rate is a key driver, terms and conditions are often just as important. Loan to value ratios, debt coverage ratios, conservative appraisals
Nearing 20 years in the business, I’m amazed at how much has changed in the Rhode Island commercial real estate market, but more intriguing may be how much has stayed the same. From the great financial crisis of 2008 to the more recent pandemic-era uncertainty,
