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Industrial Sector Is The Leading Commercial Real Estate Asset Category
During this era of social distancing and confinement, anyone who has been purchasing groceries online has experienced the challenges with delivery of these products. These challenges can be attributed to constraints relating to warehousing, logistics, and supply chain issues which have been revealed as the novel COVID-19 ravages the planet. Previously, the growth of e-commerce has been somewhat restrained, as…
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Commercial Lease Renegotiation During Covid-19
March 30, 2020 A frequent question consistently raised during these tumultuous times is how to handle a tenant seeking to renegotiate its rent payments or cease paying rent altogether. As this post explains, it’s best for both tenant and landlord to work together to reach an amicable solution. Let’s take a look at the issue from both perspectives. Tenant Side: Tenants should…
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How Commercial Real Estate Professionals Add Value To The Property Search Process
Professional commercial real estate brokers add value to the process of finding solutions to solve commercial real estate requirements. While some consumers believe they can effectively direct their own search due to the rise of online databases such as Loopnet, Reis and Truss, these consumer-facing databases don’t always provide current and comprehensive market data. These…
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The Shrinking Greater Boston Industrial Base
The Greater Boston market for industrial space is super tight. Overall vacancy rate is just 7.6% at end of the 4th quarter (Source: CoStar Group). I don’t see this changing very much even with an economic downturn. Sure, in such weakened economic environments demand falls off, but I do not foresee an appreciable increase on…
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2019 Forecast: Dark Clouds Forming
1/8/19 The risks to the downside for the commercial real estate market are currently outweighing the upside as negative indicators have increased. The first obvious concern is the return of high volatility with selling pressure in the equity markets. For 2018, the Dow was at -5.97%, S&P -6.24% and NASDAQ -4.38%. The S&P closed the…
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Finding A Creative Solution To Solve Client Real Estate Requirements
In extremely tight market conditions, clients and brokers need to think creatively to find the right solution to acquire real estate. Such is the case today. With a shortage of real estate inventory for sale, prospects seeking to acquire property to meet their needs may wait for months or years, if ever for a solution to hit the…
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How to Procure the Ideal Warehouse Space for your business
There are a number of steps and factors to take into consideration when looking for the ideal warehouse space to accommodate your space requirements. I always tell my clients to start with their ideal list of space needs, if you start off with less than ideal objectives then you will certainly end up with sub-par…
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March 2017: Greater Boston Industrial Market Has Resilience
The current state of the Greater Boston industrial real estate market is strong. In my 30 plus years of experience, I have never seen such low vacancy rates and resilience in this market sector. Consider the following: Current vacancy rates in this sector is approximately 6.1% and we have witnessed 18 consecutive quarters of positive…