Matt Fair is a partner at Hayes & Sherry, the Providence-based commercial real estate brokerage firm, founded in 1990 and has a portfolio of around 10 million square feet of commercial properties.  Fair started at Hayes & Sherry as...

A unique corner property featuring four buildings has been sold by Hayes & Sherry, a Cushman & Wakefield alliance member, on behalf of

ECONOMY:  Inflation has softened and most signs point towards continued lower guidance in the labor markets giving hope for much-needed interest rate reductions as early as...

With inflation now on a downward trend, all eyes are on the central bankers and capital markets for signs of future interest rate relief which is...

Providence, RI Hayes & Sherry closed a $3.7 million sale of two apartment buildings on...

Inflation and rapidly increasing interest rates continue to rule the economic headlines which has led to...

Stubborn inflation and interest rates continue to set the tone of impending recession expectations, as has been the case for nearly 12 months and has yet to.

ECONOMY:

Bank disruption, Inflation and interest rates continue to rule the economic headlines which continues to perpetuate a weak economic outlook for many in the business community. Although sales volume and value are beginning to weaken, Multifamily, Industrial, and Medical Office continue to be the dominant sectors in the investment market as underlying economic dynamics favor these asset classes

Hayes & Sherry Represents Buyer of Former Tarbox Property in North Kingstown

3.8-acre plot of raw land sells for $2.6 million; Hayes & Sherry to also lead redevelopment efforts...

The future of retail is upon us, and it should be exciting for Rhode Island

As we move further from the peak of pandemic-induced restrictions and closer to a second summer with lessened and, often, little-to-no social limitations, it is clear...

Consisting of four parcels, Charlestown, R.I. income-producing property holds impressive redevelopment potential...

ECONOMY:

Inflation and rapidly increasing interest rates continue to rule the economic headlines which has led to a weakened outlook for many in the business community. Multi-Family, Industrial and Medical Office continue to be the dominant sectors in the investment market as ...

ECONOMY:

COVID-19 is now firmly in the rear-view mirror as nearly all restrictions have been lifted and everyday life has normalized. Inflation and rapidly increasing interest rates now rule the economic headlines which have led to a weakened outlook ...

Three, longtime partners have acquired the firm from the founding members and plan to continue its trajectory of growth and commitment to quality service across the full real estate spectrum

The Impact of Inflation on U.S. Consumers
Inflation has emerged as one of the hottest topics in economics and real estate this year as consumer prices continue to rise at the fastest pace in decades...

Living with uncertainty has become a new normal.  As consumers and companies begin to see a world that’s not dominated by the pandemic, they...

The mixed-use property located at 101 Richmond Street in Providence, RI was recently sold to a local developer planning to redevelop the property into high-end...

The Rhode Island multifamily sector continues to show strong signs of growth as reflected in...

Derek Brazeau and the Hayes & Sherry multifamily team recently completed the sale of a 22-unit multifamily property located at ...

Pandemic has diverse impact on state’s CRE sectors - by Pete Hayes, Steve Flachbart, & Matt Fair

The coronavirus pandemic has had a varying impact on different commercial real estate sectors throughout the country, which has been true for Rhode Island as well.  Several areas have had strong market performance over...

Providence, R.I.  – Matt Fair, a Senior Vice President at Cushman & Wakefield/Hayes & Sherry, recently handled the sale of the historic office building at 301 Friendship Street in Providence, RI for $765,000.  The + 6,100 square foot, two-story building...

EAST GREENWICH - The recent sale of a Class A medical office building at 1454 South County Trail has set a record in Rhode Island for...

The Providence multifamily sector remains strong amidst the pandemic. In a time of “doom & gloom”, the Providence market is continuing to...

The future of work is in question. Companies like Facebook, Google, and Twitter are allowing...

East Providence, R.I.  – PACE Organization, a non-profit that provides services for seniors with complex medical needs, has purchased a new...

Warwick, R.I. – August 18, 2020 – The 47,000 SF, 3-story Office Building located at 1 Coastway Blvd in Warwick, RI was recently sold for $8.8 million. The Providence Community Health Centers purchased...

Cushman & Wakefield MarketBeat reports analyze quarterly commercial real estate activity, including...

Hayes & Sherry is pleased to announce the hiring of Derek Brazeau. Mr. Brazeau is responsible for leading the Multifamily....

The overall economy in Rhode Island showed consistency in 2019. The state gained 1,700 jobs from January 2019 to January 2020 and the unemployment rate decreased from 4.0% to 3.4%. The stable economy combined with limited new speculative office developments in either downtown Providence or the suburbs has continued to tighten the local office market and...

Washington, D.C. ---CoStar Group, Inc., the data/analytics leader of the commercial real estate industry, just announced this year’s Power Broker Award recipients, recognizing professionals and firms who closed the highest transaction volume in commercial real estate deals and leads in their respective markets.  In Providence, RI, Hayes & Sherry, a Cushman & Wakefield Alliance member

Rhode Island’s unemployment rate decreased from 4.0% in third quarter 2018 to 3.6% in third quarter 2019. RI continues to win new business through...

The Medical Office Buildings located at 120 Centerville Road and 45 Gilbane Street in Warwick, RI were recently sold to...

Rhode Island’s unemployment rate decreased from 4.2% in second quarter 2018 to 3.7% in second quarter 2019. RI continues to win new business through the state’s jobs tax credits and other economic incentives. Orsted...

Rhode Island’s unemployment rate decreased from 4.5% in first quarter 2018 to 3.9% in first quarter 2019. The state’s new jobs tax credits and other economic incentives continue to...

PETER HAYES, founder and partner of Hayes & Sherry Real Estate Services, has joined the board of directors at Delta Dental of Rhode Island. 

THE THREE-STORY BRICK building at 89 Ship St. in the Jewelry District of Providence has sold for $2 million. / COURTESY HAYES & SHERRY REAL ESTATE SERVICES

Steve Flachbart joined Hayes & Sherry Real Estate Services in 2018 as a commercial real estate broker.  He specializes in the office services division serving clients’ needs in both leasing and...

Rhode Island’s unemployment rate decreased from 4.5% in fourth quarter 2017 to 4.0% in fourth quarter 2018. The state’s new jobs tax credits and other economic incentives continue to pick up steam: Mobius,...

The overall vacancy rate decreased again this quarter from 12.0% in second quarter 2018 to 11.9%...

Rhode Island’s unemployment rate decreased from 4.6% in Q2 2017 to 4.5% in Q2 2018. The state’s new jobs tax credits and other economic incentives continue to pick up steam: Mobius, Epiq, Infosys, VistaPrint, GE, J&J, Agoda, E-Money Advisors, and Virgin Pulse will...

Granoff Associates has sold the building known as The Heritage Building located at 321 South Main Street in Providence.  The Buyer is 321 SMS Partners from Providence.  The building,

The overall vacancy rate increased slightly this quarter, jumping from 12.0% in Q4 2017 to 12.1% at the end of Q1 2018. Leasing activity was healthy and asking rents continued their trend of moderate increases. After two strong quarters of absorption

The City of Providence had decent office leasing activity over the past year.  The vacancy rate, as reported in our Cushman & Wakefield | Hayes & Sherry Market Beat report for Q4 2017, was 12% down from 12.7% a year earlier.

Driven by new tenants from outside the state, the Providence office market strengthened throughout 2017 and there are hopes the trend will continue in 2018. The most significant development....

The Rhode Island market remains quite active, especially on the sales side. There is a low supply....

In today’s retail world, things are not the same. There is a huge shadow hanging across the market brought on by the explosion of online retailing and what it is doing to “bricks and mortar” retailers...

Providence, RI   The direct vacancy rate decreased slightly from 12.5% reported in Q2 2017 to 12.2% at the end of Q3 2017. Leasing activity was strong again this....

The Providence industrial market still maintains asking rental rates in the $4.50 - $6.50 NNN per square foot (psf) range for facilities in the 20,000-50,000 square foot (sf) range ‘as is’.

The direct vacancy rate decreased slightly from 12.6% reported in Q1 2017 to 12.5% at the end of Q2 2017. Leasing activity was strong again this quarter and asking rents also ticked up slightly.....

Hayes & Sherry, a Cushman & Wakefield Alliance member, represents Wells Fargo...

Karl Sherry and Jeff Finan of Hayes & Sherry, a Cushman & Wakefield Alliance member, represent Medicare in its lease....

Karl Sherry of Hayes & Sherry, a Cushman & Wakefield Alliance member, represents Blue Cross Blue Shield of RI for a....

Karl Sherry of Hayes & Sherry, a Cushman & Wakefield Alliance member, represents Blue Cross Blue Shield of RI for....

Link Commercial Properties purchased the vacant 4-acre parcel on West Shore Road because of its...

New ownership acquired the asset in 2015 and has invested significant capital in upgrading....

Pathway Capital leases 7,100 SF at 500 Exchange Street, Providence.

The law firm Higgins, Cavanagh & Cooney, LLP has leased 12,500 SF......

Blue Cross Blue Shield of Rhode Island recently leased 51,000 SF....

Hayes & Sherry acts as exclusive tenant representative for AT Cross and after a nearly two exhaustive search AT Cross was able to secure a sublease agreement...

Rhode Island’s unemployment rate decreased from 5.5% in Q1 2016 to 4.5% in Q1 2017. The State’s new jobs tax credits and other economic incentives continue to pick up steam.....

Northwoods Office Park adds three new tenants; United Health Care, Pannone Lopes Devereaux & O'Gara LLC and American Arbitration Association....

Governor Raimondo and Commerce RI's efforts attract new companies to RI.....

The City of Providence has had no new ground-up office development over the last year.  The vacancy rate, as reported in our Cushman & Wakefield | Hayes & Sherry MarketBeat report...

The 170-year-old company that makes Cross pens opened a flagship retail store Wednesday at its new Providence headquarters.

Legendary Rhode Island-Based Company Relocates and Expands in Providence, Opens New Storefront at 299 Promenade Street.