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BOSTON-Demand for industrial space in Greater Boston hasn’t been this high in a decade, according to research from Richards Barry Joyce & Partners. Warehouse product drove absorption of 1.1 million square feet across the sector’s three property types during the first quarter; the three-month tally is more than one-third that of the 3.1-million-square-foot total for space taken off the market over the past eight quarters, according to RBJ&P.

“This positive quarter for industrial properties did not occur in the vacuum, given that nationally we saw a rise in US goods consumption,” says Brendan Carroll, SVP of research for RBJ&P, in a release coinciding with the issue of indSTATus – Spring 2013, the company’s quarterly report highlighting warehouse, flex and manufacturing property types. “Locally, we’ve now submitted our third consecutive quarter with all three industrial property types posting positive absorption.”

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