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One of the newest trends in the United States (US) is the rapid growth in Real Estate (RE) properties in non-major cities.

Over the past several years, Boston, Massachusetts, has become much more cosmopolitan and diversified. The combination of its elite universities, biotech and pharmaceutical industries, is attracting many young professionals from all over the world. Additionally, the increase in international flights coming to and from Boston have brought many overseas professionals to Bean Town.

As more millennials and business professionals continue to pour into the city, many developers are injecting loads of money into its residential real estate market, particularly into luxury condominiums and apartments. Amidst the focus on "luxury," some of these buildings will feature sky decks with private cabanas, private theaters, club lounges, and a variety of other built-in lifestyle features.

In just 4 years (2010-2014), Boston's luxury RE market saw a 74% increase in its sales prices, at an average of $2.3 million. By 2030, it is projected that more than 90,000 new residents will reside in Boston.

As the residential RE market continues to expand, more of Boston's historical architecture begins to fade. There is a new level of authenticity being created.

It is only a matter of time before Boston's Commercial RE industry rises as well. With more people moving into the inner-city, the demand for office space, restaurants, and retail will undoubtedly escalate.

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Cerco Funding LLC is a New York-based real estate private equity firm. Cerco acts as a direct portfolio lender originating commercial bridge loans nationwide. Cerco has extended capital for acquisitions, refinancings, repositionings, and a host of special situations.

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CERCO FUNDING LLC
Address 230 Central Park South, PH17
NY 10019
New York, USA
Phone +1 (646) 435-7080
Email [email protected]