Market Overview: Ongoing Change in a Post Pandemic World CREW Boston kicked off our 2022-2023 season with a September Luncheon featuring Keynote Speaker Lisa Strope, Vice President, Director of Research at TA Realty. Hosted in the Wharf Room at the Boston Harbor Hotel, Strope provided a market overview on what we can expect in the upcoming year and how it will affect the various commercial real estate markets. Since the start of the pandemic, the economy has experienced unprecedented growth. The biggest takeaways from the event included: Boston remains the strongest among the gateway markets. The inflation is not easing but many economists believe if we go into a recession, it will be short and shallow. Average household is better off post-pandemic than before. The retail market experienced the strongest rent growth in a decade. More stores opened than closed in 2021. Industrial market is very strong. The vacancy levels are historically low. The job market remains to be very strong.