Urban Land Institute in combination with PWC have released their annual, and very well respected forecast for 2014 real estate in the US. Their report shows a promising outlook to commercial real estate development in 2014 and beyond with Boston maintaining a similar level of growth as it did in 2013. For the third straight year Boston joins a growing list of cities with real estate investment prospects either at a “good” or “better” level.
The report attributes some of the largest drivers behind this prediction to be continuing loosening of lending restrictions as well as the movement of Generation Y’ers as well as empty nest baby boombers growing desires to move into more urban areas.
Here’s a link to the report, it’s a bit lengthy but starts with a great synopsis on the first few pages.
Starting a dialogue on the future of urban living in Boston and beyond.