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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