NAI Glickman Kovago & Jacobs

Proud of our very own James Keogh, the newest member associate of SIOR New England Chapter, we have no doubt the designation will be quick on the horizon! Congratulations Jim!

NAI Glickman Kovago and Jacobs is pleased to announce a rare opportunity to acquire 5 multifamily units in the heart of Waltham. Located at 7-11.5 Felton Street, the parcel has a 4-unit and single-family home that are 100% occupied. Situated right off of Moody Street, the property offers easy access to local amenities, restaurants and shopping. Additionally, its proximity to the commuter rail (0.1 mi) and bus line (0.2 mi) enhances transportation convenience appealing to those who rely on public transit. For more details, contact: Lexi Brissette - [email protected] / 508-868-6182 Cody Miner - [email protected] / 508-389-3769

National industrial rents have risen by 6.9% year-over-year, averaging $8.27 per square foot. Miami leads with an 11.1% increase to $12.11 per square foot, while Midwest cities like St. Louis, Kansas City, and Detroit report below-average growth. The national industrial vacancy rate has reached 7.5%, partly due to new supply. Read more here: https://bit.ly/4i9iZEb #CEW #CRENews

As $500 billion in commercial real estate loans approach maturity in 2025, approximately 14% are underwater, with asset values falling below outstanding loan balances. Older industrial properties are particularly vulnerable to obsolescence, facing higher maintenance costs and reduced demand. These challenges present significant opportunities for brokers specializing in distressed asset management. Staying informed is crucial. #CRE #CRENews

The Department of Commerce has allocated $210 million to six U.S. cities, fueling innovation in industries like biotech, aerospace, and semiconductors. This initiative will have a significant impact on local commercial real estate, driving growth and attracting high-demand sectors. Stay ahead of trends - opportunities in commercial real estate may be on the rise. Read more here: https://bit.ly/3QHv3jM #CRE #CRENews

Congrats to Mike Jacobs for representing sellers on this transaction!

The U.S. hotel industry is contending with flat occupancy rates amid a deceleration in economic growth. While consumer spending remains robust, increased reliance on credit among lower-income groups and potential policy changes contribute to an uncertain outlook. Read more here: https://bit.ly/43mJLo3 #CRE #CRENews

Exceptional redevelopment opportunity located at 205 Hope Ave, Worcester, MA. This prime location offers high visibility, strong traffic counts, and flexible development potential. Positioned near major highways and key city intersections, it’s an ideal site for investors and businesses looking to establish a strong presence in a growing market. For more details, contact: Tim Whittredge at 774-239-1900 ([email protected]) Michael Jacobs at 774-230-3448 ([email protected]) #CommercialRealEstate #WorcesterMA #RealEstateInvestment #CRE #DevelopmentOpportunity #NAIGKJ #ForSale #GroundLease

In 2024, the student housing market experienced a dynamic year, beginning with robust preleasing activity that set a record high. However, this momentum slowed in the latter half of the year, with preleasing rates not reaching the historical average. Despite these fluctuations, the sector concluded the year with occupancy rates aligning closely with historical norms. Notably, there was a resurgence in undergraduate and graduate enrollments, marking the first significant growth since the pandemic. Looking ahead to 2025, early indicators suggest a slight softening in preleased occupancy rates. However, the overall outlook remains positive, with expectations of continued rent growth and stable demand driven by increasing student enrollments. Brokers should stay attuned to these evolving trends to effectively navigate the market and capitalize on emerging opportunities. https://bit.ly/4i051Et #CRE #CRENews

As housing affordability remains a challenge, the demand for self-storage is expected to rise in 2025. Economic factors like rising rents and increased mobility make the self-storage sector an appealing opportunity for investors. Brokers should be aware of the growing potential in both urban and suburban markets, as this trend is shaping up to be a key area of focus for commercial real estate. Learn more: https://bit.ly/4h6CMTv #CRE #CRENews