Research

LaRusso: "The market is reckoning with the implications of an environment where pricing has been misaligned with current demand levels, as it adapts to the larger challenges of an evolving retail business model.”

In the month of September of this year, there were 4,833 single-family home sale transactions, a 5.8% decline from the 5,186 posted a year earlier. The median single-family home price in Massachusetts was $380,000, up 8% from a year earlier when the median sale price was $352,000.

“In the class A trophy space it is a tenant market right now and there are no market forces out there that will change that.”

While the final figures are still being negotiated, Defense will likely see a 10% increase to its base budget, according to JLL.

“These changing perceptions, combined with rising rents and tightening supply of affordable housing, are likely to fuel continued multifamily market growth in the years ahead."

“So far, the adage 'build it, and they will come' has proven to be true in the Washington metro apartment market."

It will have to source capital for affordable opportunities that are incentivized to stay that way, the report concluded.

Property sectors that feel the effects of ride-sharing and driverless cars will go beyond parking facilities, say Green Street Advisors and the Urban Land Institute.