Commercial and Residential Real Estate Trends

Goals

Determine 2020 mega real estate trends affecting the commercial and residential real estate markets in three areas: Connecticut, Providence, RI and Boston, MA.

Early Findings

Commercial and Residential Real Estate Trends

Residential Real Estate Trends

Boston

  • Based on the Realtor report, the housing sales growth in the Boston area is around 2.1%.
  • Meanwhile, the price growth in the city is around 1.2%.

Connecticut

  • In Connecticut, sales is expected to decline at the rate of 4.1%.
  • On the other hand, price growth in the state is rise at the rate of 4.8%.

Providence

  • Providence is also expecting a dip in its sales at a downward rate of 2.1%.
  • However, the state is seen to have a 0.2% slight uptick in its housing prices.

Country-wide Trends

Commercial Real Estate

Boston

  • Based on the IRR report, industrial, office, and retail real estate properties in Boston will continue to have a solid growth rate.
  • The industrial sector is expected to remain stable and the office market continues to have a positive outlook.
  • In the retail space, rising rental fees and constant vacancy rates are expected to contribute to the growth of the market.

Providence, Rhode Island

Connecticut

Proposed next steps:

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Our initial report provided some 2020 key trends in commercial and real estate in Connecticut, Providence, RI, and Boston, MA based on key reports. Given this, we propose to continue with the research to provide 2-3 additional key trends affecting commercial real estate markets in each of these areas in 2020. We will focus on looking for other key reports to provide these trends. For each trend, we will include a brief overview of the trend, why it is considered to be a key trend, and explain factors that drive these trends.
We also recommend undertaking additional research to provide 2-3 challenges affecting commercial real estate markets in the United States in 2020.