Worcester Economy Among Least Vulnerable to Cornavirus Recession


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 [...]

Worcester Economy Among Least Vulnerable to Cornavirus Recession2020-04-07T15:01:49+00:00

Worcester County Real Estate Update


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 [...]

Worcester County Real Estate Update2020-04-07T15:07:40+00:00

Worcester Office Space Market Update


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 [...]

Worcester Office Space Market Update2020-03-02T13:42:26+00:00

Worcester County Home Prices Continue to Grow


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." [...]

Worcester County Home Prices Continue to Grow2020-03-02T13:34:47+00:00

Home & Condo Pricing Update


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 [...]

Home & Condo Pricing Update2020-03-02T13:30:37+00:00

Central Massachusetts Real Estate Market Review


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 [...]

Central Massachusetts Real Estate Market Review2020-01-02T18:47:27+00:00

Worcester Investors Seek Multi-Families


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, [...]

Worcester Investors Seek Multi-Families2020-01-02T17:48:15+00:00

Worcester Property Values Rising


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 [...]

Worcester Property Values Rising2020-01-02T17:44:23+00:00

Worcester Tax Relief Boosting Development


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 [...]

Worcester Tax Relief Boosting Development2019-11-13T20:53:14+00:00

Worcester Housing Now Program


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" [...]

Worcester Housing Now Program2019-11-13T20:32:48+00:00