Real Estate

🔒Waiting for a recovery: The slowdown in the once-promising life sciences industry is hurting developments across Central Mass.

There have been some bright spots, but vacancies and empty pad sites remain.

🔒Weathering the perfect storm: Worcester’s slate of multifamily developments was hit hard in the last year, but a handful of projects were able to...

Some of Worcester’s proposed housing projects falling by the wayside isn’t helping the region’s housing crisis.

🔒Hot markets for residential: As Worcester’s small multifamily market cools, property owners see promise elsewhere

With high-potential inventory in Worcester drying up, investors in smaller multi-family properties are casting a wider net to find parcels with promise.

🔒A tale of two towers: The Mercantile Center and The Glass Tower’s efforts to become go-to downtown destinations

Worcester’s two tallest office buildings have had quite the wild ride over the past 10 years.

🔒Suburban zombies: Falling demand for office space forces building owners to get creative

Overall, the amount of available space in suburban Central Massachusetts office markets is more than 90 football fields.

Ashland Plaza sold for $21M to San Diego investment firm

EDENS and Boston-based WinnDevelopment had briefly planned on constructing a mixed-use development at the site, but withdrew those plans in March 2023, according to documents submitted to the Ashland Planning Board.

Mass. unemployment rose again in November

The unemployment rate in Massachusetts continued to rise in November for the second month in a row, yet still remained lower than the national average.

Mass. home prices hit $600K as Worcester County climbs to $465K

The median price of a single-family home in Massachusetts has reached $600,000, as prices continue their upward trajectory in the central region of the state.