The central theme of CBRE research year end summary reports is the need to adopt to hybrid work strategies, looming recession fears, and the importance of keeping a close watch on key trends used as indicators of market health. This article will address these issues across various Boston product lines.
We are now at the end of January and we have listened to all the year end best of for 2022. We have also heard many predictions for the year to come. But what is actually the state of the real estate industry? There are many aspects to our industry and each has its ups and downs.
Forecasting the future is always difficult, but trying to predict how the real estate, construction, and engineering industries will perform in 2023 seems like a coin flip. On the negative side, there are many economic headwinds, including inflation, rising interest rates, supply chain delays,
Looking back at the year 2022, again my firm, Wason Associates, had one of our best years in hotel brokerage transactions and dollar volume. As we head into the new year, we have some really exceptional hotel properties under agreement to close in the next few months.
There is a different tone in the industrial world, specifically in the development. You could say, there have been some developments in development. These developments include markets like Boston, but also formerly secondary and tertiary markets like Southern New Hampshire, Providence, R.I., Central and Western Mass.
Many real estate property owners often think they insure the building for what they paid for it or what the current resale market value might be. This however, does not take into consideration what would happen in the event of an insured property loss that requires rebuilding
In 2022, the New Hampshire Seacoast industrial market remained strong, with vacancy and pricing rates largely unchanged from the previous year. Demand in the industrial sector stayed robust, with vacancy rates hovering around 2%, though asking lease rates stabilized after a notable jump from 2020 to 2021.
Before we anticipate what 2023 will look like, let’s thank our legislators for finally recognizing that small businesses, food and beverage, and entertainment drive our economy. The state Senate passed a bill that could pave the way for Happy Hour to return, there are a few things that lawmakers will have to work out.
Following a pandemic-fueled course correction, the global real estate industry faces transformational shifts in how buildings will be used, valued, and transacted in 2023 and beyond
Categorizing last year’s commercial mortgage loan originations as “strong” would qualify as a gross understatement. More appropriate, certainly, would be the term “record setting,” as lenders surpassed their 2021 loan-origination goals by a margin of 25%-50%.
