Derek Brazeau, Hayes & Sherry - Multifamily Division

02/21/2025

300 West Exchange St, Providence, RI: Office or Adaptive Reuse Project
PROJECT HIGHLIGHTS:
•±12,900 SF Brick Office Building
•Approved by historic district commission for 20 residential apartments; studio & 1-bedroom units
•Approved Proposed 3rd Floor Addition +-4,300 SF
•Off-Street Parking

12/17/2024

Hayes & Sherry facilitates $2.5 million purchase of 34,815 s/f office building - Read More here: https://hubs.la/Q02_MPHy0

08/13/2024

- Derek Brazeau and Pete Hayes of Hayes & Sherry handle
$2 million sale for Southcoast Development

Read the full article:
https://lnkd.in/eixA_B35

HayesSherry.com

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New Bedford, MA A unique corner property featuring four buildings has been sold by Hayes & Sherry, a Cushman & Wakefield alliance member, on behalf of its c...

06/25/2024

We are grateful for the opportunity of working with our clients, The Washington Trust Co., on the sale of this flex property. We look forward to expanding our footprint in the Westerly market and the surrounding areas.

Westerly, RI Closing in early May, Pete Hayes and Derek Brazeau of Hayes & Sherry, a Cushman & Wakefield alliance member, brokered the $1.775 million sale o...

06/04/2024

RENTERS ARE STAYING PUT LONGER:
One in six renters are now staying in their rental unit for 10 years or more.
Trending: A recent Redfin study shows that renters are staying in their homes longer
16.6% staying for ten years or more in 2022, up from 13.9% a decade earlier.
16.4% lived in their homes for five to nine years, an increase from 14% a decade ago.
41.8% the majority of renters stayed for one to four years, slightly up from 39.9% a decade earlier.

03/21/2024

Providence, Rhode Island, still remains the strongest market in the nation for annual rent growth.

This marks the fifth consecutive quarter that Providence has led the nation in rent growth.

Tight Vacancies, Shrinking Supply Pipelines Drive Growth in Top Markets

03/08/2024

We are grateful to have been selected by the Town of Lincoln to represent the sale of this property. It was quite the journey but we were able to navigate through the process and get this deal to a closing.
Congratulations to both the seller and buyer on this succesful transaction.

https://nerej.com/brazeau-of-hayes-sherry-brokers-1-25-million-sale-of-former-lincoln-memorial-school

Lincoln Memorial School, 1624 Lonsdale Avenue - Lincoln, RI Lincoln, RI A historic former school has been sold and will be redeveloped into affordabl...

02/01/2024

This segment was featured last night on CBS Evening News with Norah O’Donnell.
Providence seeing one of the highest rent increases in the U.S. last year. It's no wonder why invesors from larger metro areas are putting their money to work here in Rhode Island.

WATCH: High rents leave many financially stretched

While rents have been easing for the past few months nationwide, prices are still up significantly compared to before the pandemic, largely due to inflation. Providence, Rhode Island, saw one of the highest rent increases in the U.S. last year, and according to researchers, you need a salary of clos...

01/19/2024

New Listing: 18k sf Flex building; 1.59 acres
Currently built out as a call center.
Could be converted back to 3,500 sf of office with +\- 14,000 sf of industrial space with 18’ ceilings. Includes loading dock and 14’ overhead.

11/30/2023

Unique Opportunity in New Bedford: 4 buildings on 1.5 acres
Use varies from Office, Retail, Flex and Single Family Residential. Inquire for more information.

11/14/2023

"Providence, Rhode Island, Leads Nation in Annual Multifamily Rent Growth" - COSTAR INSIGHT

Providence, Rhode Island, is significantly outpacing the national average for rent growth performance in the multifamily sector. Compared to September of last year, multifamily rents in the Ocean State’s capital city, have ballooned by nearly 6%, significantly outpacing the national annual average rent increase of 1%.

Nation-leading growth in apartment rents mirrors Providence’s standing as one of the tightest multifamily markets in the country, with very few available units. Among the 60 largest multifamily markets in the U.S. by inventory size, the apartment vacancy rate in Providence of just 3.4% is the second-lowest in the nation.

Continue reading: https://lnkd.in/eACSaY3n

10/18/2023

We are happy to have had the opportunity to market these properties and assist both seller and buyer throughout the process. Congratulations to both!

Derek Brazeau Providence, RI Hayes & Sherry closed a $3.7 million sale of two apartment buildings on the East Side of the city. The properties, located a...