What are your predictions for commercial real estate in 2015? - Andrew Deluski of BankRI
In 2015, the commercial real estate market will remain positive due to a number of reasons. Limited supply, a stable and improving economy and consumer optimism will drive growth. Within the market, there will be increased competition from sources waiting to return to the market (large institutions, credit unions and insurance companies). Credit standards are being stretched to levels seen before the banking crisis as the appetite for risk increases. While rates are still near historical lows, they will rise in 2015 and a Federal Reserve increase is not out of the question even if oil dips below $50 a barrel.
Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary