At the beginning of this month we were proud to release our Capital Markets 2014 Boston Perspective to some of our valued clients. In this piece we communicated what 2013 looked like and what 2014 has in store for us from an investment standpoint.
For 2014 we are anticipating office sales in the Boston area to increase $2-3 billion, coming off a $2 billion increase we saw in 2013. From a multifamily viewpoint we believe that low inventory will continue to propel the surging condo market, as demand is still high with the expectation that 7,000 new renter households are predicted for the coming years. Finally from a debt perspective, we saw CMBS issuance double within the past year and for 2014 we anticipate a 50 BPS rise in rates.
Click here to view the online version of the report in it’s entirely and please let me know if you’d like to receive further reports shared by our Capital Markets team via email at Frank.Petz@am.jll.com.