
Local CRE Investment Dropped 36 Percent
Commercial real estate investment in Greater Boston dropped 36 percent in 2022 amid the slowing economy, rising interest rates and higher project costs.
Commercial real estate investment in Greater Boston dropped 36 percent in 2022 amid the slowing economy, rising interest rates and higher project costs.
Commercial real estate investors have a growing appetite for risk in 2021 and that could mean a shift away from pricey coastal markets including Boston.
There remains plenty of capital for real estate ventures and funds are being raised, but investors are selective on where that capital is being placed.
Late-night Zoom calls to Hong Kong are just part of the daily drill for Matthew Powers, a Boston real estate executive named in November to head Nan Fung Life Science Real Estate and a man in charge of spending $1 billion on acquisitions nationally this year.
Real estate owners and investors should stay calm and carefully consider their options amid one of the greatest economic disruptions in Massachusetts’ recent history, a trio of seasoned commercial real estate professionals said Thursday.