Worcester and the entire Central Massachusetts area — essentially coinciding with Worcester county — is the second-most populous county in Massachusetts. Developments in the biotechnology and high-tech industries, the healthcare industry, pharmaceuticals and manufacturing highlight those areas of greatest recent economic growth. Furthermore, many new sectors are rapidly emerging as centers of business activity, including fiber optics and electronics. In general, the region’s workforce is highly educated, skilled and well-trained.

Many structures can readily accommodate both commercial office space and multi-family residences. Typically, these properties require some redevelopment in order to maximize rental appeal. In addition, convenience of the building’s location and its accessibility to major roadways are important factors when considering development of residential units. Proximity to schools, colleges, restaurants and businesses — as well as ample on-site parking — also enhance overall appeal.