Philip DeSimone – Executive Vice President September 2020 The COVID-19 health crisis has sent a shock wave throughout the U.S. economy. In the second quarter, U.S. gross domestic product (GDP) declined from the first quarter by 32.9% when measured on an annualized measure. In Massachusetts, the economy shrank at an even more staggering pace, plummeting [...]
David Cohen – Vice President
All industrial zoned land and buildings are either utilized or suited for industrial activities, such as manufacturing, distribution, processing, and warehousing. They can be considered either a factory or a plant and include things such as warehouses, garages, and distribution centers etc. They are usually zoned for light, medium, or heavy industry as well.
Fidelity Bank Podcast Series
Join Jim Umphrey of Kelleher & Sadowsky and Edward Manzi of Fidelity Bank as they discuss the impact of Covid-19 on Worcester's commercial real estate market.
Drew Higgins August 2019 Nationwide demand for urban warehouse space has outpaced supply in the past decade. Supply of Industrial Warehouse Space in U.S. Before the recession occurred in 2008, there was a fair amount of new warehouse construction. But the recession led companies to vacate their industrial real estate. When the recovery from [...]
The WBDC recently unveiled Worcester’s first master planned park focused on biomanufacturing calling it The Reactory. Located alongside UMass Medicine Science Park and the continually expanding UMass Medical School, The Reactory’s master plan allows for eight shovel-ready parcels that can accommodate up to 530,000 square feet of top-quality biomanufacturing facilities.