A banker’s view of the recent commercial real estate trends in Boston: Part 1
These days, there’s a lot of talk about the current state of the Boston commercial real estate (CRE) market. “The current state is a state of confusion,” Michael Lindgren, Executive Vice President and Chief Lending Officer at Cambridge Savings Bank, says in this podcast. “Whereas, I would have said six months ago, it was the state of momentum.”
Some sectors have been hit really hard. Others continue to be relatively strong despite Covid-19 and the highest unemployment rate in the country.
Tune in as Lindgren breaks down what he’s seeing in the following sectors:
- Tourism, business travel and hotels.
- High-end luxury housing.
- Office space.
- Retail, from big box to mom and pop shops.
- Mid-luxury apartments.
- Restaurants and a new paradigm for landlords and restaurant leases.