Boston’s Vacancy Stays at 5.0%
Net Absorption Positive 1,453,086 SF in the Quarter
The Boston Industrial market ended the fourth quarter 2017 with a vacancy rate of 5.0%. The vacancy rate was unchanged over the previous quarter, with net absorption totaling positive 1,453,086 square feet in the fourth quarter. Vacant sublease space increased in the quarter, ending the quarter at 1,467,049 square feet. Rental rates ended the fourth quarter at $7.36, an increase over the previous quarter. A total of 21 buildings delivered to the market in the quarter totaling 1,406,511 square feet, with 3,583,653 square feet still under construction at the end of the quarter.
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Boston’s Vacancy Increases to 7.9%
Net Absorption Negative (176,350) SF in the Quarter
The Boston Office market ended the fourth quarter 2017 with a vacancy rate of 7.9%. The vacancy rate was up over the previous quarter, with net absorption totaling negative (176,350) square feet in the fourth quarter. Vacant sublease space decreased in the quarter, ending the quarter at 2,330,944 square feet. Rental rates ended the fourth quarter at $22.65, an increase over the previous quarter. A total of four buildings delivered to the market in the quarter totaling 597,740 square feet, with 4,520,033 square feet still under construction at the end of the quarter.
