Property Management Blog

3103, 2020

Worcester Economy Among Least Vulnerable to Cornavirus Recession

By |March 31st, 2020|

Worcester Economy Among Least Vulnerable For Coronavirus Recession The Worcester Business Journal released a study last week discussing how the Worcester economy is better equipped than many of its comparable cities around the country to avoid potential coronavirus recession. This is because "The Worcester metropolitan area is most heavily concentrated in jobs in manufacturing, health care and education." This comes in stark contrast to communities impacted the most who deal primarily with [...]

3003, 2020

Worcester County Real Estate Update

By |March 30th, 2020|

Worcester County Home Sale Prices Continue to Rise, But Streak Could Be Ending The Worcester Telegram released news earlier this month that according to a new report, "home prices jumped nearly 4% and condominium prices climbed 9% over February 2019." This continues an ongoing month-to-month record breaking trend that we have been seeing recently, despite the current coronavirus Worcester real estate market concerns. The growth sees a jump in median home prices [...]

2802, 2020

Worcester Office Space Market Update

By |February 28th, 2020|

Downtown Worcester Office Space In Demand The Worcester Telegram released a report yesterday that indicates the downtown Worcester office market is increasing in demand and "occupancy rates for downtown office space are on the rise." This is based off of a report issued by the Worcester Regional Research Bureau which came to the conclusion that since its last report in 2011, "Worcester has changed substantially". The report tracked important metrics such as [...]

2602, 2020

Worcester County Home Prices Continue to Grow

By |February 26th, 2020|

Worcester County Housing Prices Still Rising In what seems to be an ongoing trend, The Worcester Telegram recently announced that in Massachusetts, "Median prices for homes and condos put under sales agreements in January both eclipsed $400,000, and agreements for both property types were up more than 10% compared to January 2019." Furthermore, they have reported that "Home and condominium prices in Worcester County jumped more than 11% in January over the [...]

3101, 2020

Home & Condo Pricing Update

By |January 31st, 2020|

Home, condo prices climb in Worcester County The Worcester Telegram recently announced that "home prices in Worcester County jumped 8.5% in December over the same period in 2018, and rose 5.5% in 2019 over the previous year, according to a new report." This includes a median sale price in December that jumped over $20,000 since just over one year ago. Condominium sales showed significant positive trending too with sale prices that were [...]