The Pulse | Q4 2024 Edition | Greater Boston Market

The Northeast commercial construction market slowed in 2024, as compared to the past 5 years. The lack of large tenant activity across various market sectors is keeping most shovel ready developments from starting. The election cycle is behind us and although the Fed has cut interest rates recently (4.33%), it appears more significant cuts are not expected in the near future. These interest rates, coupled with high construction costs and record vacancy rates make for less than favorable conditions for new buildings coming out of the ground in the short term. This update is a snapshot of today and we implore you to reach out with questions should you have any.

Michael Weber / President  (781) 255-8881 mweber@gastonelectrical.com

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