When you are sick your body fights infection by stimulating your immune system via a fever. Similarly, to the body’s response to sickness, the commercial real estate market likely will worsen over the next 12 months before leveling out. This will be concentrated on the volatility of the office market as vacancies increase due to office users continuing to downsize. This trend ripples into the...

Pawtucket, RI Michael Alves of the Elite Group at KW Commercial on behalf of the lessor Sami and Tara Trust leased 29,000 s/f industrial space at 89/93 Dunnell Ln. The tenant, Interplex Engineered Products, was seeking additional storage requirements, surplus to current facilities in a tight northern Rhode Island industrial market. Sweeney Real Estate & Appraisers represented the tenant.

West Warwick, RI Chicago Title Insurance Company signed a lease agreement at 1300 Division Rd. The firm leased 4,387 s/f in the Gardens Office Park. The firm plans on occupying the space come early September 2023. Thomas Sweeney, SIOR of Sweeney Real Estate & Appraisal represented Chicago Title and Matt Fair of Hayes & Sherry represented the landlord in the lease negotiations.