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,
This letter to the editor originally appeared in the Boston Business Journal on September 20, 2018. A report was recently issued from the Institute for Policy Studies that has attracted significant media coverage and editorials from virtually all of the local print and broadcast outlets. It’s a great story: the ultra-rich, international money launderers have descended
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?
The business community is generally a bit skeptical when it comes to grand plans to cure critical deficiencies in the marketplace. One of the most pressing problems for Boston, and many other major cities around the country, is the lack of affordable housing and the inflationary pressures on existing housing stock. In 2014, Mayor Marty