Title: Commercial Real Estate MA
1- Commercial Real Estate Market in MA
August 10, 2013
2Commercial Real Estate Market in MA
August 10, 2013
REGIONAL ECONOMIC HIGHLIGHTS
3Commercial Real Estate Market in MA
August 10, 2013
4Massachusetts Roads Economic Indicators
Commercial Real Estate Market in MA
August 10, 2013
- Labor Force
- 830,000 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
5Massachusetts Roads Economic Indicators
Commercial Real Estate Market in MA
August 10, 2013
- 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.
6Commercial Real Estate Market in MA
August 10, 2013
OFFICE OVERVIEW
7Commercial Real Estate Market in MA
August 10, 2013
8Commercial Real Estate Market in MA
August 10, 2013
INDUSTRIAL OVERVIEW
9Commercial Real Estate Market in MA
August 10, 2013
10Commercial Real Estate Market in MA
August 10, 2013
RETAIL OVERVIEW
11Commercial Real Estate Market in MA
August 10, 2013
12Commercial Real Estate Market in MA
August 10, 2013
FINANCING
13Vacancy and Rents
August 10, 2013
National Trends National Trends National Trends 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 Bankers Association
14Vacancy and Rents
Regional Trends Regional Trends Regional Trends Regional Trends Regional Trends
4Q 2008 4Q 2009 Quoted 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
15Questions?
- Eric Buliung
- ReMax Executive Realty
- 445 Franklin Village Drive Franklin, MA 02038,
Franklin, VI 02038 - Tel (508) 545-3199
- http//www.sellingfranklinma.com