Commercial real estate MA
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Commercial Real Estate Market in MA August 10, 2013
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Find Your Next Home, you need someone who knows this area inside and out! Eric Buliung is a well known Commercial real estate ma and can work with you to find the right home at the right price for you, including all the neighborhood amenities that matter – not to mention the essential criteria you have for your ideal home. http://www.sellingfranklinma.com/
Transcript of Commercial real estate MA
Commercial Real Estate Market in MAAugust 10, 2013
Commercial Real Estate Market in MA
REGIONAL ECONOMIC HIGHLIGHTS
August 10, 2013
Commercial Real Estate Market in MA
UNEMPLOYMENT
JOB GROWTH
FINANCIAL MARKETS
August 10, 2013
Labor Force830,000 person private labor force
13,000 military personnel transitioning into workforce annually
12 traditional colleges and universities and 10 for-profit institutions
Over 14,000 degrees conferred annually
Wage rate 8% below national average
August 10, 2013
Massachusetts Roads Economic Indicators
Commercial Real Estate Market in MA
Massachusetts Roads Economic Indicators
Military & Government•$19 billion – Direct DOD spending
•45% of regional economy
•Key issues in 2010:–Loss of another carrier group–Need to develop new OLF–Transportation system.
August 10, 2013
Commercial Real Estate Market in MA
Commercial Real Estate Market in MA
OFFICE OVERVIEW
August 10, 2013
Commercial Real Estate Market in MA
FORECAST
THE STATE OF THE OFFICE MARKET
TENANT LEVERAGE
FINANCING
ABSORPTION
August 10, 2013
INDUSTRIAL OVERVIEW
Commercial Real Estate Market in MA
August 10, 2013
Commercial Real Estate Market in MA
“HIGH CUBE” SPACECHALLENGED
INDUSTRIAL CORE STILLHEALTHY
FINANCING
USER LEVERAGE
FORECAST
August 10, 2013
Commercial Real Estate Market in MA
RETAIL OVERVIEW
August 10, 2013
Commercial Real Estate Market in MA
ANCHORS IN TROUBLE
SMALL SHOPS
FINANCING
TENANT LEVERAGE
FORECAST
August 10, 2013
Commercial Real Estate Market in MA
FINANCINGOWNER OCCUPIED/BUSINESS BASED
SPECULATIVE CONSTRUCTION
REFINANCING MARKET
CMBS MARKETS
August 10, 2013
Vacancy and Rents
August 10, 2013
National Trends 4Q 2008 4Q 2009 Rates Apartments 6.50% 8.40% -6.00% Industrial 9.80% 13.00% -9.00% Office 16.00% 19.4% -9.00% Retail 12.9% 18.6% -8.00%
Mortgage Banker’s Association
Vacancy and Rents
Regional Trends
4Q 2008 4Q 2009Quoted Rates
Effective Rates
Apartments 6.90% 6.90% Flat -7% Industrial 9.90% 10.90% Flat -20% Office 9.80% 11.10% -10% -15%
Retail 6.20% 6.70% -5% -25%
Source: Real Data/CoStar
Questions?
Eric BuliungReMax Executive Realty445 Franklin Village Drive Franklin, MA 02038, Franklin, VI 02038
Tel: (508) 545-3199http://www.sellingfranklinma.com
