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
1. When will there bean economic downturn? Actually, we will probably experience a slow down before we hit the next recession. In terms of development activity, our “success” is hurtling us towards a regional inflationary period, with land costs and construction costs leading the way. Prices are accelerating with a relatively fixed construction labor pool,
The CRE industry kept smiling through 2017! Is anyone talking about innings anymore? We just keep doing deals. So, here are my predictions for the coming year: 1. Amazon will pass on Boston for a campus, but leave us with a great consolation prize. 2. No Turnpike air rights project will start construction (ditto for
This post originally appeared in the Boston Business Journal. Since Amazon announced its plans to open a second headquarters location, the region has been abuzz, but, to date, the focus has been on real estate. Where can 8 million square feet of space be developed? Does it need to be in one location or multiple sites?
A study commissioned by the non-partisan economic development organization, MassEcon, and conducted by the UMass Donahue Institute‘s Economic and Public Policy Research group, was recently released. The good news is that the vast majority of companies that chose Massachusetts as a place to expand their business would do it again. This consensus was largely based on Massachusetts’ innovative