The Boston industrial market remains on a hot streak, absorbing nearly three million SF in 2017, a huge number in a year without build-to-suit-driven activity. Vacancies moved down to 9.3%, a 2.1 percentage-point decline from the prior year-end. Rents are soaring. They eclipsed $7.00/SF in aggregate for the first time in 2017. Over the past year, they’re up 13.9%, and growth continues to accelerate. Investors are in love with the industrial asset class, and quality product is generally easily sold. Properties that used to be part of a business operation are in many cases worth as much, if not more, than the businesses that use them. Owners are finding they are sitting on a gold mine.

 

2017 Q4 Industrial Viewpoint Report Boston Colliers

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