Yes, it is time for recovery. Businesses are ramping up to handle new challenges as the pandemic slows. What are we here at Carson Morgan seeing?
Restaurants: Yes they are hurting, but outside of a few spectacular failures (AKA Legal Seafood, which has seen declining numbers for years), most of our favorites are open. We did a search for a client who needed some catering space in North of Boston. They thought they would buy a small restaurant and convert it. We looked in ten towns and there were only four places to look at!
Hospitality: Has a long way to go. With no international travel in the Boston area and financing at a standstill, it will be awhile before it recovers.
Office Space: Still at zero absorption, but with companies bringing employees back to the office things are looking brighter. Especially if you are a smaller company looking to move up at a DISCOUNTED rate!
We here at Carson Morgan LLC are optimistic for a good end to this year!
STILL NEED TO HAVE A SAFE DAY!
Thanx,
JR