Demand continues to fuel a hot industrial market. Vacancies, still on a steady downtrend, ended the third quarter at 9.7%. Owner-users remain a driving force in the market, with the likes of Prysmian Group purchasing 656 Joseph Warner Blvd. in Taunton, for 242,000 SF of absorption. Rents have never been higher and have eclipsed $7.00/SF NNN in aggregate for the first time. Over the past year, they’re up 10.4%, and growth continues to accelerate. It remains a landlords’ market. Tenants need product, and landlords able to meet that need, be it for flex, manufacturing, distribution, or general warehousing, will benefit. Slow and steady economic growth should keep the real estate expansion on track.

 

2017 Q3 Industrial Viewpoint Report Boston Colliers

btnDownload-red-212x75