This morning NAIOP Massachusetts hosted its annual Market Forecast. The expert panel presented to a packed-room of real estate professionals; covering topics related to the economy, local and national property markets as well as capital markets. While the organization’s mid-year roundup highlighted somewhat slower market conditions, this time around all of the panelists were resoundingly positive. Below … Continue reading NAI Hunneman Research Director Liz Berthelette Recaps NAIOP/SIOR Market Forecast
This year, demand drivers impressed as both population and employment trends remained positive throughout New England’s largest metro areas. Greater Boston outperformed with the metro’s population base surpassing 4.8 million. The unemployment rate turned a corner in September after remaining elevated above 4% for several months, and expansions in the education, tech, and life science … Continue reading New from NAI Hunneman’s Research Department: Q3 Multifamily Report
While results were mixed in both the office and industrial markets, overall net absorption remained positive in the third quarter of 2017. Optimism continues to grow amidst corporate expansions, and Greater Boston is likely near the top of Amazon’s HQ2 shortlist. Vacancy in the industrial market remains near record lows and growing interest from … Continue reading New From NAI Hunneman’s Research Department: Q3 Metro Boston Market Report
Yesterday NAIOP Massachusetts hosted a panel on Cambridge’s meteoric rise to the top of both local and national commercial real estate markets. While the discussion focused on the area’s burgeoning development pipeline, speakers also provided insight on what the future holds for Cambridge, urbanization trends and the potential for a Boston-based Amazon HQ2. Below are … Continue reading Cambridge – One of the Hottest Markets in the U.S.
The impact of Amazon’s planned purchase Whole Foods in the CRE world has been discussed at length over the past few months by numerous industry vets. You can find thoughts on what this deal could mean for the retail market from VTS, NREI, and Bisnow. Now that the FTC has given Amazon the official green … Continue reading Amazon and Whole Foods: A Logistics Play?
NAI Hunneman is pleased to release its Second Quarter Multifamily Report. This year, demand drivers impressed as both population and employment trends remained positive throughout New England’s largest metro areas. Greater Boston outperformed with the metro’s population base surpassing 4.8 million. While the unemployment rate has ticked up in recent months, expansions in the education, … Continue reading NAI Hunneman Releases Q2 Multifamily Report: Rents Remain Strong Despite Uptick in Supply
While build-to-suit activity propped up absorption, Greater Boston’s commercial real estate markets ended the second quarter with mixed results. Overall market conditions remain positive, however, growth has slowed to a more moderate pace. In the office market, vacancies were flat compared to last quarter as both the Downtown and Cambridge markets posted negative absorption. Biogen’s … Continue reading NAI Hunneman Q2 Market Recap Now Available
Below represents recent blog posts of interest from around the commercial real estate universe curated by the NAI Hunneman Research Department. Amazon’s Whole Foods Buy Could Transform Retail CRE - Nothing has disrupted retail real estate over the last decade, save the Great Recession, more than Amazon. (Source: VTS) Changing Retail Markets Are Forcing Landlords … Continue reading Weekly CRE Blog Roundup
By Liz Berthelette Preliminary April data from the Bureau of Labor Statistics (BLS) highlights a fourth-straight month of rising unemployment rates in Massachusetts. While the number of employed grew by more than 65,000 or 1.9% during the first fourth months of 2017, the labor force also rose at a steady clip. Comparing the Commonwealth to … Continue reading Local Unemployment Rates Rising. Should we be Concerned?
By Liz Berthelette This morning NAIOP Massachusetts hosted its annual Mid-Year Market Roundup. The expert panel presented to a packed-room of real estate professionals; covering topics related to the economy, local and national property markets as well as capital markets. A common theme throughout the presentation was “slower, but not slow.” Below are just some … Continue reading A Breakdown of NAIOP’s Mid-Year Market Roundup