2025 Fall Preview: Will Kelleher, Kelleher & Sadowsky Associates

What trends or shifts do you see shaping your industry this fall and into 2026? As debt becomes more accessible heading into 2026, the commercial real estate landscape across Central Massachusetts – and all New England – presents opportunities for repositioning and growth. Key trends include refinancing and debt restructuring, a flight to quality that separates Class A properties from others, and the adaptive reuse of older or functionally obsolete buildings. Demand remains strong in retail, industrial, logistics, and last-mile distribution, while multifamily continues to demonstrate resilience and development potential.

What challenges or opportunities do you anticipate for your clients as the market heads into Q4? While refinancing pressures, tight credit, and construction costs remain challenges, they also create opportunities for creative repositioning. By approaching the market with adaptability and strategic insight, we help clients unlock new capital and long-term value.