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.

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John Jordan

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