Change is inevitable and everybody resists it. But what happens when the market changes and not everyone agrees with what's happening? We wanted to find out. So we ran a survey of over 1,157 New England based commercial real estate owners and investors to collect their thoughts on the commercial real estate market.
Thursday, May 28, 2009
Vacancy rates for office space in 128 north are increasing. According to CoStar research, vacancy rates dipped in 2006-2007 into the 13% range. They're now forecasting vacancy rates up to 16% as more space comes on the market with pending job layoffs. The vacancy rate has not increased more drastically because tenants have not started giving up space to their landlords as they hold out to see when the recession will end and to see whether they'll need space to rehire staff.
Thursday, April 16, 2009
The stalemate is ending. We have just summitted a mountain of transactions and have been sliding down the other side, as represented in CoStar's chart showing national sales volumes for office properties.
Wednesday, April 15, 2009
Green, Green, Green. It seemed to be all the rage last year as oil prices spiked to $140/barrel and people were trading in their SUV's for economy class hybrids. Something else happened. Fortune 500 companies and the U.S. Government felt the effect and instituted policies that they, too, should be green, work to stem global warming, and make changes to their business practices that were environmentally sound.
Monday, April 6, 2009
Are your retirement dollars gathering dust in your IRA account instead of providing you with greater opportunities? Last year, after hearing a short Pensco presentation about Self-directed IRA Investing in our office I knew I had to find out more. Sadly, at that time there were not any upcoming events in Boston. I [...]
Tuesday, March 17, 2009
The Medical Device Industry, the new face of Boston’s Biotechnology industry, continues to make progress in an otherwise bleak economy. What makes medical device development so attractive is the short time required for research, development and FDA approval. The medical device pipeline totals 5-6 years as opposed to the longer development pipeline for drugs [...]
Friday, March 6, 2009
As of yesterday, a signed proposal between an area tenant and the owner of 209-211 Main Street North Reading, MA was executed to lease the site for an initial 20 year term. The tenant would occupy all of 209 Main Street and the entire first floor of 211 Main Street (except one bay currently tenanted).
Thursday, February 12, 2009
by Lisa Carpenter: As Valentine’s Day approaches, it occurs to me that the relationship between an owner and their building is like a love affair. In good times, it’s easy to get along. The owner is doing his part by managing operations and the tenant is doing her part by paying rent – a [...]
Tuesday, October 14, 2008
Today I’m at a 75,000 +\- square foot commercial space that my client is foreclosing on. This property is located in the Boott Mills in Lowell, MA. It is highly likely that we are going to see an increase in commercial property foreclosures over the next several years. If you are liquid this is a [...]
Friday, September 26, 2008
Deferred maintenance. These two words will cost you 10 X “The Money you Saved” every single time. They will cost you in occupancy, sales price, and out of pocket repairs. Do not do it. Take it from the guy I know with this water problem. Sign up for free CREFrontline updates, if you haven’t already. It’s free [...]
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Tuesday, June 9, 2009
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