2021 Q2 Market Reports Now Available
The 2021 Q2 Market Reports for the industrial, retail and office markets in Boston are now available.
INDUSTRIAL MARKET OVERVIEW
TY JANNEY, Managing Principal
With a vacancy rate of 4.5%, the lowest in 10+ years, Boston’s industrial market continues to soar with a 1M SF net increase in 12 mo. net absorption. These values explain the consistent growth in the market with increasing GMP conversion and high demand for “last mile” distribution. Read full report here.
OFFICE MARKET OVERVIEW
ERIC SOLEM, Managing Principal/President
Evidenced by the slight increase in vacancy to 9.7%, the office market lingers despite the reopening of Boston on June 1st from the pandemic. Read full report here.
RETAIL MARKET OVERVIEW
ROBERT ELMER, Managing Principal
As restrictions eased in Boston in the beginning of June, the retail market experienced a positive response across the board. Tenants had clearly anticipated this response. Read full report here.
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