Market Trend Lynn, MA
Property values have been going up and up in Lynn. More people are starting to see what some have
known for years: Lynn, MA is a great place for real estate investment. New massive developments are coming in soon, and there has never been a better time to invest in Lynn real estate. The city of Lynn has an amazing master plan for Lynn Harbor with Breakwater North Harbor apartments building a complete waterfront transformation.
New developers in looking to build right next door to Breakwater North Harbor Apartments, due
to this property’s success story in the area. This area is an up-and-coming location for high-end
living, but it is affordable and easy to commute to Boston and operating stations. The
preliminary neighborhood is being developed into one of the most luxurious communities in the
Greater Boston area. If you plan on investing, Lynn is becoming a lucrative area.
Lynn, MA, is a bustling and diverse community in the North Shore area of Massachusetts. The
community has seen significant development and growth over the past several years. The growth
started over by the water with several new developments, including Breakwater North Harbor.
The success of these projects is driving new developers to the area, and they are looking to build
right next door.
Proximity to Boston- Young Professionals Trend Toward Outer City Living
Lynn is experiencing a major renaissance right now. The city had largely been written off as the
urban decay that was so prevalent in the 1970s and 1980s spread to the outer suburbs. But it is
making a comeback; Lynn’s low cost of living and its proximity to Boston makes it an attractive
place for young professionals to live. Many these young professional’s works in downtown
Boston. As a result, many people commute into the city from Lynn daily. Some of these
commuters travel to Boston by car, while others take advantage of the public transportation
available between the two cities. Boston keeping their rental rates third in the nation has made
living outside the city a little more attractive.
Breakwater North Harbor Project Expected To Increase
Value of Surrounding Properties by 12%
For those who don’t know: the Breakwater project is a multi-million-dollar real estate
development in Lynn, MA. The project will include luxury apartments, a movie theatre, an
upscale grocery store, and high-end restaurants which is exciting for all Lynn residents. (especially
Lynn homeowners like me!)The developer’s plans will bring new life to the Lynn waterfront and the surrounding neighborhoods. The Breakwater project is has been completed and new residents have filled over half the building.
This exciting news brings me to my point about the current market value of your home. There
are over 400 housing units that are still under construction but are for sale. Rental rates are about
$2200/month for a one-bedroom apartment and $2700/month for a two-bedroom apartment.
There average sq. ft. is $2.94 which is an all time high for Lynn, MA.
Lynn’s average home value is $347,800. The estimated property taxes are $4500/year. You may
not know this, but the value of your home has increased as soon as construction began on the
Breakwater project. Properties close to these developments always increase in value because of
the jobs created by these projects and all the new visitors who come to work and play at these
new businesses.
Lynn is also a good place for commercial real estate investments because many businesses are
looking to expand their operations. Many new businesses are moving into Lynn because they
believe that this city has a lot of potential to grow as a business community. The commercial real
estate market in Lynn is solid. A magic formula for buying investment real estate is to invest in
up and coming areas. As with any venture, you need to research and understand the market you
plan to invest in. If you don’t know what you’re doing, it’s best to hire a team of professionals
who do.
Mi-Ella Realty can help you navigate the world of Real Estate Investment
Let us help you create an investment strategy specific to your needs.
Here are some guidelines for analyzing a market before investing in commercial real estate:
• Invest in what you know. If you have experience in the hospitality industry and can leverage
those relationships, this should be a significant factor in your decision-making process.
• Determine the demand for the type of property you want to buy. This can be more challenging
if you look at secondary or tertiary markets that lack readily available data. In these markets,
having a local partner or broker is essential.
• Consider your exit strategy before buying. You don’t want to get stuck with a property no one
likes when it comes time to sell. Buying properties that have been around for decades or have
tenants with long-term leases is usually safer than betting on hot new trends, which tend to come
and go quickly. There is always become a passive investor were you can invest and no worry
about the day to day.
• Review employment statistics, both current and historical. Look for long-term trends in job
creation, layoffs, and unemployment rates.
• Find out what types of companies are growing or declining in the area. For example, if there
has been an influx of high-tech firms, you may want to invest in office buildings or residential
units for professionals working in the industry.
• Study population growth patterns. Population trends often dictate demand for housing — if
young people are moving into an area with good job prospects, they will probably be looking for
apartments to rent or homes to buy.
We’ve Done Our Homework- The Lynn Real Estate Investment Market is Growing
We found that Lynn Harbor would be the perfect place to build a new high rise. The historic
shoe industry and its factories are a large part of what made the city of Lynn the place it is today.
A place of opportunity, hard work and innovation. Building upon the same principles, The Matz
will be a place designed for people who think differently, a place where young generations can
grow and innovate. Reflecting upon this large part in Lynn history, the Matz will pull
architectural inspiration from the many historic mill and factory buildings that filled the
neighborhoods we see today.
The Lynn way and waterfront of Lynn was home to many of these factories and The Matz will
pay tribute to its neighborhood history through form and materiality. Red brick, concrete,
blackened steel and large repetitive windows, reflect the thoughtful symmetry and strong
presence of the historic industrial era.
Over 180,000 of retail & living and developer is offering high returns with equity options.
Please contact Mi-Ella Realty for more information at Mi-Ella.com .
