The Boston industrial market is dynamic. Vacancy ended the third quarter at 13.3%, a 0.4-percentage-point decrease over the rate in the second quarter, and two percentage points below that in the prior year. Current vacancies are as low as they have been since late 2007. Demand has been concentrated in the market’s bread-and-butter submarkets in the south, thanks to build-to-suit construction for Amazon and Martignetti. Investors continue to clamor for assets in the Greater Boston area, paying north of $80/SF for modern product. The lower TI and operating costs have also brought in new investors who previously focused on other property types, such as office or flex.