Thank you to all those who attended this morning’s CBRE/New England 2014 Real Estate Outlook; we hope that you found the event both informative and entertaining. For those who missed it, below are a few highlights from the event.
CBRE/NE’s John Butterworth welcomed the audience, which included newly elected Mayor of Boston Marty Walsh, shown here with John, Andy Hoar and keynote speaker, Gubernatorial Candidate Charlie Baker. CBRE/NE’s Ogden White and Peter Conlin jointly gave the Downtown Boston Office overview. The duo discussed two major trends they’ve seen in the market, workplace innovation and urbanization, and the possible implications these trends could have on 2014 fundamentals.
Next, CBRE/NE’s Biria St. John gave an overview on the Capital Markets Multifamily market. He compared current market conditions to past cycles, gave highlights of the booming development pipeline, and announced, “Condos are back!” For the Capital Markets Office market overview, CBRE/NE’s Chris Angelone discussed institutional activity in the Class B market, coined the new term ‘a-hab’ (low- to mid-rise buildings rehabilitated into institutional-quality, Class A standards), and declared, “The CBD is back!”
Gubernatorial Candidate Charlie Baker closed the program by discussing his goals for improving the Massachusetts job market and educational program, with inspiring anecdotes from both his political journey as a Republican candidate in a notoriously Democratic state, and his non-political experience in the public and private sectors.
Look out for future posts from today’s featured speakers giving further insight on today’s topics.