Home > Press Releases > RBJ Releases Research Report Highlighting Greater Boston’s Industrial Property Market

RBJ Releases Research Report Highlighting Greater Boston’s Industrial Property Market

January 18, 2012 Leave a comment Go to comments

 “indSTATus – Winter 2012” Shows A Stabilizing Of The Market For Warehouse, Flex And Manufacturing Facilities

BOSTON – January 18, 2012 – Richards Barry Joyce & Partners (RBJ&P) has published “indSTATus – Winter 2012”, the firm’s research report on Greater Boston’s industrial market, covering warehouse, flex and manufacturing properties across the region.

According to indSTATus, there was 76,000 square feet of positive absorption across Greater Boston in all three industrial property types combined during the quarter.  In addition to being the third consecutive quarter of positive absorption, 2011 marked the first year since 2008 with positive absorption for a calendar year.  The middle two quarters of the year had 1.2 million square feet of industrial space taken off the market, the greatest such two-quarter amount in 19 quarters.

“Stability is a welcome result for a period during which other regions of the country are not faring as well,” said Brendan Carroll, senior vice president of research for Richards Barry Joyce & Partners.  “Even better is that certain indicators, particularly availability figures, suggest that 2012 could see further positive absorption across the market.”

Following are highlights from Q4 for each of the industrial property types.

The Warehouse market closed the quarter with 16.9% vacancy, which represents no change from Q3, on 3,000 square feet of negative absorption.  Asking lease rates, which were down slightly by $0.06 to $5.33, have remained within a one percent range over the past five quarters.

In the Flex market, vacancy was down 0.1% to 16.9%, with slight negative absorption of 30,000 square feet.  The vacancy rate is the lowest year-end figure since 2008.  Asking lease rates held at $7.50 since Q3.

The Manufacturing market ended a three-quarter negative absorption trend with 109,000 square feet of positive absorption, dropping vacancy by 0.6% to 17.9%.  Asking lease rates dropped by $0.08 to $6.41.

To request a copy of indSTATus – Winter 2012, please send an email to research@rbjrealestate.com.

RBJ&P Research Publications

indSTATus is one of RBJ&P’s family of ten quarterly research reports.  The firm also publishes a quarterly office report (officeSTATus) and individual marketSTATus reports on eight critical sub-markets.  The firm’s biotechnology-focused report, bioSTATus, is released twice a year, after the first and third quarters.  In total, RBJ&P produces an industry-leading 42 reports per year, in addition to custom research projects for clients.

About Richards Barry Joyce & Partners, LLC

Richards Barry Joyce & Partners is a full service commercial real estate firm providing creative solutions for its client partners. The company’s focused team approach offers clients a competitive advantage in solving their local, national, and international real estate challenges. Richards Barry Joyce & Partners’ unique platform offers a full range of real estate advisory services including market analysis, capital markets solutions, financial analysis, corporate services, portfolio review, and consulting services.  For more information, please visit our website at www.rbjrealestate.com.

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