Commercial and Residential Real Estate Trends

Connecticut

• Based on the Kiplinger Economic Outlook report, the housing demand in Connecticut remains flat in the central and western section of the state.
• There is some anticipation that the demand will increase for residential and commercial spaces as more companies such as Ensign-Beckford expand its operations in the state.
• However, the state's low population is seen to limit the real estate growth in the state.
• This is also consistent with the economic report of the governor.

Boston, Massachussetts

• As more technology, biotech, and pharmaceutical companies expand their operations in Boston, more commercial spaces are expected to be added in the city.
• Foundation Medicine, Novo Nordisk, Verizon, Google, Apple, and Amazon are some of the companies that
• Housing remains to be a major concern in Boston.
• However, the Federal Reserve's action steps to curb interest rates and reduce mortgage costs are expected to address the housing problems in the city.
• Nvertheless, the residential sector continues to thrive in the city as around 20,000 apartments are being built in the area.

Providence, Rhode Island

• More hotels are being built in Providence, Rhode Island.
• Furthermore, the residential building sector continues to grow as more people are showing preference for urban living.
• For the whole state, more high-tech commercial buildings are being constructed to make room for employees from startup firms.