Market Data

 

Boston’s Vacancy Decreases to 6.1%
Net Absorption Positive 1,375,803 SF in the Quarter

The Industrial vacancy rate in the Boston market area decreased to 6.1% at the end of the fourth quarter 2016. The vacancy rate was 6.4% at the end of the third quarter 2016, 6.5% at the end of the second quarter 2016, and 6.8% at the end of the first quarter 2016. Flex projects reported a vacancy rate of 8.1% at the end of the fourth quarter 2016, 8.4% at the end of the third quarter 2016, 8.5% at the end of the second quarter 2016, and 9.1% at the end of the first quarter 2016. Warehouse projects reported a vacancy rate of 5.4% at the end of the fourth quarter 2016, 5.7% at the end of third quarter 2016, 5.8% at the end of the second quarter 2016, and 6.0% at the end of the first quarter 2016.

 

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Boston’s Vacancy Decreases to 8.1%

Net Absorption Positive 641,967 SF in the Quarter

The office vacancy rate in the Boston market area decreased to 8.1% at the end of the fourth quarter 2016. The vacancy rate was 8.2% at the end of the third quarter 2016, 8.5% at the end of the second quarter 2016, and 8.6% at the end of the first quarter 2016. Class-A projects reported a vacancy rate of 9.4% at the end of the fourth quarter 2016, 9.9% at the end of the third quarter 2016, 9.9% at the end of the second quarter 2016, and 9.8% at the end of the first quarter 2016. Class-B projects reported a vacancy rate of 9.0% at the end of the fourth quarter 2016, 8.9% at the end of the third quarter 2016, 9.3% at the end of the second quarter 2016, and 9.5% at the end of the first quarter 2016. Class-C projects reported a vacancy rate of 3.9% at the end of the fourth quarter 2016, 3.9% at the end of third quarter 2016, 4.3% at the end of the second quarter 2016, and 4.8% at the end of the first quarter 2016. The overall vacancy rate in Boston’s central business district at the end of the fourth quarter 2016 decreased to 7.4%. The vacancy rate was 7.5% at the end of the third quarter 2016, 7.9% at the end of the second quarter 2016, and 7.7% at the end of the first quarter 2016.
The vacancy rate in the suburban markets decreased to 8.2% in the fourth quarter 2016. The vacancy rate was 8.4% at the end of the third quarter 2016, 8.6% at the end of the second quarter 2016, and 8.8% at the end of the first quarter 2016.

 

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