Boston Industrial Market Stays Strong


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Transwestern northeast research director Chase Bourdelaise

BOSTON—Real estate investors and brokers maintain that the office and research and development real estate markets in Greater Boston are performing like thoroughbreds. Well, the industrial market is certainly not a nag. In fact, add the industrial market sector to that elite group to make it part of a high-paying real estate trifecta.

In its second quarter report on the Greater Boston industrial market, Transwestern | RBJ reports that the warehouse and flex markets posted strong gains. In fact, the strong second quarter market continued a robust level of leasing activity the industrial sector has enjoyed for the past three years.

Warehouse vacancy dropped 8.0 percentage points to 11.8%. The overall flex market vacancy rate dropped from 15.9% in the first quarter to 14.8% at the end of the second quarter thanks to 301,000 square feet of positive absorption. In the last three years, flex tenants have absorbed 1.8 million square feet of flex space in the Greater Boston area…

Boston Industrial Market Stays Strong

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