Latest News

Industrial Revival

by Eric Reenstierna | February 1, 2022

Ten years ago, industrial properties seemed to be down for the count. The companies and the workers that had filled those buildings had gone south or overseas. The proud mill buildings of Lawrence, Lowell, and Worcester were hollowed out. Developers picked over them to resurrect some of them as apartments and condominiums. ...

Apartments 2022

by Eric Reenstierna | January 25, 2022

The pandemic has produced some strong real estate winners and losers. Winners include suburban housing. Another winner is industrials. (See the accompanying article, “Industrial Revival.”) A third - and perhaps the biggest, bucking analysts’ early predictions – has been apartments....

Small Apartment Prices Leveling

by Zaxia Analyst | November 14, 2021

In Q3 of 2021 the Zaxia Survey of Greater Boston small apartments indicates a leveling off of prices compared to Q2. Year over year the trend is still up sharply, and sales volume is the highest of the survey....

Small Apartment Price Rise Continues

by Zaxia Analyst | August 2, 2021

The small apartment market continues to show a striking level of appreciation...

Evaluations: Take Back This Appraisal Business

by Eric Reenstierna | April 6, 2021

Evaluations are here to stay. They are a growing end of the commercial real estate valuation industry. An Evaluation is an Appraisal in a short format, done for a lender under rules that exempt whoever is making the Evaluation from the Uniform Standards of Professional Appraisal Practice. Whoever, that is, except licensed appraisers......

Offices 2021

by Zaxia Analyst | February 25, 2021

The main proof of extreme good health in the office market is the office/lab sector. Thirty years ago, laboratory buildings struggled to get financing. Their build-out costs were high, and their occupants were low credit start-ups. Today, these buildings command the highest rents in the Greater Boston market......

Calamities

by Eric Reenstierna | December 6, 2020

Calamities happen all the time. An asteroid hits the planet and wipes out the dinosaurs. A bank panic causes bank failures and a depression. The Red Sox trade Mookie Betts to the Dodgers and have a miserable season. ...

Tracking Price Trends in Commercial Real Estate

by Tom Whiting | October 12, 2020

One challenge with tracking the commercial market is finding a model with a volume of sales high enough that it allows us to identify price trends in the industry with a reasonable level of accuracy. Zaxia's new Market Trend Charts provide valuable insights....

The Future of Valuation

by Eric Reenstierna, MAI | July 27, 2020

The question of which is better, human or machine, has been around for a while. In most cases, experts say, the best outcomes are achieved not by either the human or machine but a combination of the two. Working together, human and machine produce a better result than either can working alone. ...