With respect to the expert opinions of many, I do not think Salem will see the same depressed economy in the upcoming months many other markets will. Vacancy is currently very low in the retail sector, and we are barely into the spring months!
Office space is a different story. There are several vacancies in and around downtown. With the addition of the new courthouse I hope to see that change. Many of the retailers I have spoken with are extremely encouraged!
Investments still maintain their great values, specifically in the Salem Point area. One should expect a true 9% cap when analyzing property values.
If you are interested in the Salem market at any capacity, I consider myself an expert in the Salem, Beverly & Danvers MA markets. Please feel free to email me through www.BrianDapice.com/contact.html.
Keller Williams Commercial