The executive vice president of Elite Building Corp. in Waltham, Massachusetts, Michael Snedeker is an accomplished commercial real estate developer serving the greater Boston area. Experienced in project acquisitions, financing, and long-term corporate development, Michael Snedeker stays on top of the latest commercial real estate trends in the Boston area.
Industry experts report that commercial development in downtown Boston and the suburbs continues to flourish. Areas experiencing concentrated development include Seaport, Fenway, and North Station. As 2019 progresses, industry watchers expect to see the development boom grow beyond Boston proper and expand to sites in Roxbury’s Dudley Square and parts of Dorchester.
Recreational marijuana retail shops are lucrative since the state officially legalized the sale of the substance in 2016. Also, although General Electric passed over the Seaport area for its newest facility, commercial real estate professionals expect high demand for development of the unused land for either offices or laboratories/life sciences.