What person, project, transaction, or market trend had the greatest impact on your industry this year? An increased demand for smart access control, and its convenience, is seen among residents and property managers. Mobile-based technology is delivering improved smart lock
What person, project, transaction, or market trend had the greatest impact on your industry this year? There’s no question the biggest impact stemmed from the unprecedented rise in interest rates. While the increases were to combat inflation,
What person, project, transaction, or market trend had the greatest impact on your industry this year? The evolution of return-to-office policies and workplace strategy models continues to impact tenants, landlords and all those involved in office transactions. In the corporate services space, we must find nimble innovative solutions to accommodate companies’
What person, project, transaction, or market trend had the greatest impact on your industry this year? The high interest rate environment presented us with headwinds for new acquisitions. For our preferred markets and asset classes, the lower deal volume as well as strong price stability due to the Greater Boston Area’s
What emerging trends will drive investment and development in 2024? The commercial real estate industry will likely be driven by the changing landscape post COVID. Examples include the increase in technology focused on our industry as well as the emergence of AI overall.
What person, project, transaction, or market trend had the greatest impact on your industry this year? Maple on Franklin in Holbrook – a 72-unit passive house design senior housing development. The need for affordable housing is at a critical point, especially for seniors looking to age in place near their support systems
What person, project, transaction, or market trend had the greatest impact on your industry this year? The dramatic pace of interest rate increases has had the greatest impact on our market. The market continues to absorb the rate increases with visible consequences.
What was your greatest professional accomplishment or most notable project, deal, or transaction in 2023? Earning the promotion to principal at Bergmeyer in 2023 was the ultimate recognition and a significant career milestone for me. It symbolizes my peers’ trust in me and acknowledges my varied, continuous, evolving contributions
What person, project, transaction, or market trend had the greatest impact on your industry this year? Post COVID reactions had a significant impact. Companies were still trying to figure out what officing formula to implement.
What person, project, transaction, or market trend had the greatest impact on your industry this year? Rising interest rates in 2023 had a significant impact on the real estate market. With an active market in 2022, sellers still had high pricing expectations.
What transaction had the greatest impact on your firm this year? While this transaction was not the biggest 1031 exchange we helped, it does showcase what makes Kay Properties so special. We helped a family enter 11 different Delaware Statutory Trusts following the sale of their family business
What person, project, transaction, or market trend had the greatest impact on your industry this year? The volatility and unknown future of interest rates has made clients rethink breaking ground on upcoming projects.