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Posted: December 28, 2018
What are your predictions for commercial real estate in 2019? - by Keb Brackenbury
BankRI
Ultimately, interest rates will impact what the year will look like as a whole, but I do think we’ll continue to see the redeployment of existing buildings converted into apartments and office space.
I also think we’ll see more historic and old warehouse space utilized for mixed-use with residential components. Rhode Island also has room and a demand for additional housing units, so I anticipate that market has the potential to strengthen in the near future.
All in all, I see a continuation of the moderate, stabilized growth we saw in 2018.
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