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

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

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

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.