Commercial Real Estate Trends Boston
How do you know when commercial real estate trends in Boston will hit peak value?
The truth is, you can’t. At least not until you look back and see what your commercial property in Boston was worth.
According to Dr. Chris Lee, historical real estate cycles, including commercial real estate trends in Boston, over the past 45 years have lasted 10 years and started around the third year and usually end at the eighth year of each decade.
That means the market declines began in 1978, 1988, 1998 and 2008.
But, did you know that sellers who sold between 2008-2010 lost an average 30.3% of their property value?
In fact, in 2008 Essex, Middlesex and Rockingham Counties experienced price adjustments of:
- Average Flex $/SF: -23%
- Average Retail $/SF: -26.2%
- Average Office $/SF: – 48.9%
- Average Industrial $/SF: – 10.5%
If you’ve been thinking of selling in the next 12 months, it might make sense to schedule a 20 minute call to discuss your options. I am Jeremy Cyrier, CCIM and I am a strategic commercial real estate advisor serving the Boston, Massachusetts market. I help commercial property owners take advantage of commercial real estate trends in Boston to successfully sell so they can upgrade their portfolios by finding the right buyer at the right time. That’s why MANSARD has a 5 star rating on Google.
To get started, contact me at MANSARD at (617) 674-2043. Or click here to schedule a call today.
Meeting in-person can be done at your office, investment property, favorite coffee shop or our headquarters. Whether we meet on site or at our office, you will receive customized attention and advice so that you will be equipped to decide what the best course of action may be with your Boston commercial real estate.
Our commercial real estate guidance is perfect for:
- Private owners of investment property
- Partnerships invested in commercial real estate
- Companies that own commercial property in Boston
- Family offices seeking a strategic investment sales broker’s advice
Recent clients include:
Get started working with MANSARD
What to expect
Step 1: Schedule a Phone Call
Before we begin, we will hold a 20 minute phone conversation to ask each other some questions. Together, we determine what you would like the successful sale of your commercial real estate to do for you. If at the end of the conversation, you decide it makes sense to schedule a meeting, we will meet in person within the next 1 to 5 days. To reach us, call (617) 674-2043.
Step 2: Hold an Initial 45-90 Minute Meeting in Person
We will first meet for 45-90 minutes at your place of business, the property or a convenient location for you. During this meeting, we will review our phone conversation and then gather more information about specific questions you have about the market, our proprietary investment sales process, your property valuation, and the costs to complete a sale with MANSARD. If at the end of the meeting you believe it makes sense, we will schedule a second meeting within the next week at MANSARD’s office.
Step 3: Hold a Second Meeting at MANSARD to Review the Sale Process
The second meeting will take from 45-90 minutes, depending on the amount of questions you have for us. We will review our expert underwriting and valuation of your property, discuss the composition of active buyers in the market and what they are looking for, how we reach them, and then how the transaction process will work from beginning to end. If at the end of the meeting you elect to go forward, we review and sign our exclusive engagement agreement and have the property on the market in the following 1-2 weeks.
To get started today, contact us at MANSARD at (617) 674-2043. We look forward to working with you.
Your Strategic Investment Sales Advisor
Jeremy Cyrier, CCIM founded MANSARD in 2007 to help commercial real estate investors successfully sell their commercial real estate so they can upgrade their portfolios. He does this by delivering his clients with engaged buyers who close, guaranteeing them experience and knowledge, and outranking his competition in sales volume per broker. More
What People Are Saying
“Thank you for everything you did in completing the leasing and sale of our building at 580 Main Street. You did a wonderful job working with all of the personalities involved. We look forward to working with you again in the future.”
~ Richard Tambone,
Tambone Investment Group
“MANSARD was a partner through the whole process. From the initial leasing of a temporary space to the acquisition of our own building. I like the personal touch and sense of expertise that came with working with MANSARD.”
~ Norbert Johnson,
“We used MANSARD to help us reposition, lease and sell a small suburban commercial office building. They were fantastic, well read in the market place and helped us realize our projected returns. Would highly recommend their services”
~ Bob Macnamara,
“My dealings with MANSARD were fair and professional. They understand the market and apply a variety of resources to solicit the greatest interest in the space they’re brokering. I strongly recommend MANSARD.”
~ Steve Tamasi,
“MANSARD staff are extremely professional, knowledgeable, and easy to work with. They know their markets and have an in-depth understanding of the process and so are able to be very effective in meeting goals.”
~ Jim Curtis,
Tip: Monitor the debt market to see how cap rates will rise or fall. As the Federal Reserve changes interest rates, commercial real estate valuations will be affected.
If you have questions about capital gains taxes, we recommend speaking with a tax professional. In the meantime, you may access our complimentary report that details how commercial real estate investors take advantage of the 1031 exchange to defer their capital gains liabilities. Click here to learn more.