Who could have come close to predicting 2020? 2021 will certainly be a tough call, but here are my predictions: By the end of the year, rents will be up and vacancies down for warehousing, suburban apartments, and lab space. Lower rents and higher vacancies for retail, hotel, and downtown office. With no
By Catherine Carlock – Real Estate Editor, Boston Business Journal, Nov. 9, 2020 David Begelfer, principal of CRE Strategic Advisors, says “The likelihood of another stimulus bill, a clear and rational Covid response, and a long-overdue infrastructure bill will all bring investment and predictability to the markets. The likelihood of a tax increase and the loss of the
The following OpEd appeared in the July 10 2020 edition of the Boston Business Journal. Five years ago, a vicious winter storm season brought to light the reality that the MBTA was in crisis, something that its ridership knew, all too well. As a result, Governor Charlie Baker established a special panel to look into
The following OpEd ran in the March 20, 2020 Boston Business Journal: Although we are not currently in a recession, other countries hard hit by the impacts of the COVID-19 coronavirus are entering into recession. In any case, the likelihood of a national and local economic slowdown due to the effects of this national emergency
The following op-ed appeared in the Boston Business Journal Feb. 14, 2020. A problem with the housing crisis is that most homeowners are on the front lines cheering on the rapidly escalating pricing of housing. Today’s owners not only want to see their property grow in value, they do not want to see any initiatives
The following editorial ran in the Boston Business Journal November 29, 2019. The Commonwealth, and many of its municipalities, are playing a dangerous children’s game called “Buck-buck”. This is a game played with a group of players climbing on the backs of a group at the bottom, in order to build as large a pile
My predictions for 2019 were not good enough for me to provide them here for review (although, I did call for Tiger Woods to win a major!) So, for 2020, I see the following: Office rent growth will slow in Boston’s suburban markets, but continue to accelerate for industrial properties. Life Sciences will lease
For those of us who have been in business for more than ten years can attest, cycles are an ever-present part of our economic structure. Recessions can be long or short, but they are inevitable. However, they are hard to predict. In hindsight, they may have been obvious; but they seem to surprise most of
Appeared in Boston Real Estate Times – January 7, 2019 NEEDHAM, MA—For the last 27 years, David Begelfer led NAIOP Massachusetts and served as an effective advocate for the state’s commercial real estate industry. “I am very proud of all that has been accomplished over my time leading NAIOP Massachusetts. We have developed exceptional programming,
If the Greater Boston market is still looking so strong, why is everyone worried? Here are my predictions for 2019! 1. Wayfair will double their occupancy in Boston. 2. Boston and Cambridge Office rental rates will rise to record levels for new space surpassing $120psf. 3. Apartment rental rates will be flat. 4. WeWork will
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