Property Management Blog

201, 2020

Central Massachusetts Real Estate Market Review

By |January 2nd, 2020|

2019: Evolution & Growth in a Booming Market The Worcester Telegram recently summarized some of the biggest economic stories and happenings of 2019. This collection of stories portrayed the Central Massachusetts real estate market, namely Worcester, as thriving and still on the rise. The article highlights the sale and redevelopment of major downtown Worcester properties such as the Midtown Mall, the Sky Mark Tower, and the Worcester Plaza at 446 Main St, [...]

1512, 2019

Worcester Investors Seek Multi-Families

By |December 15th, 2019|

Worcester Multi-Family Properties In Demand The Worcester Business Journal recently put out an article that highlights the increasing Worcester investor demand for multi-families. The article states "the average monthly rent for an apartment in Worcester from January through October was $1,681, a 3.5% increase compared to the same period one year ago, according to RealPage Inc., a Texas provider of real estate data. The cost of an apartment in Worcester is above [...]

412, 2019

Worcester Property Values Rising

By |December 4th, 2019|

Worcester Property Values Continue to Rise The Worcester Telegram is reporting that "the total value of taxable property in the city jumped 8.26% this year, rising to a new high-water mark of $14.646 billion." In fact, both three-family homes and apartment buildings saw significant growth at 11.82% and 14.91%, respectively. This is not surprising since, according to the article, this is the seventh straight year that Worcester's total valuation has increased. The [...]

1311, 2019

Worcester Tax Relief Boosting Development

By |November 13th, 2019|

Worcester Tax Relief Increases Property Development & Investment The Worcester Telegram is reporting that "seventeen active tax-relief plans that were approved for commercial development projects in the city have generated about $16.5 million in total real estate taxes and triggered more than $306 million in total private investment". Furthermore, six relief plans will produce approximately 246 new rental units in the city. This continued growth of the real estate and rental markets [...]

2910, 2019

Worcester Housing Now Program

By |October 29th, 2019|

City Introduces Worcester Housing Now Program to Help Developers Banker & Tradesman is reporting that "the city of Worcester has launched a new program aimed at helping certain developers get streamlined access to capital to revitalize troubled small two- to four-unit properties throughout the city." This new program called "Worcester Housing Now" was developed in an effort to revitalize a number of properties that have been neglected, leading to "resident health issues, [...]

Recent Posts