Q2-2018-IndustrialReport

Q2

M E T R O

B O S T O N

INDUSTRIAL RE CAP

2018

TOTAL INVENTORY (SF)

UNDER CONSTRUCTION (SF)

DIRECT VACANT (SF)

SUBLEASE VACANT (SF)

TOTAL VACANCY RATE

Q2 NET ABSORPTION (SF)

YTD NET ABSORPTION (SF)

ASKING RENT NNN ($/SF)

Urban Core

18,652,206

170,000

1,186,247

-

6.4%

(6,337)

27,157

$15.85

Framingham-Natick

3,206,322

-

180,654

-

5.6%

2,335

(13,126)

$8.20

Route 128 North

28,835,002

-

1,658,282

121,228

6.2%

2,036

14,600

$9.54

Route 128 Northwest

3,909,761

-

189,605

29,776

5.6%

(3,788)

(8,115)

$19.42

Route 128 South

39,594,031

300,000

2,953,669

25,740

7.5%

(73,806)

(61,929)

$6.94

Route 128 West

4,350,925

-

264,068

-

6.1%

15,000

(44,106)

$21.79

ROUTE 128 TOTAL

76,689,719

300,000

5,065,624

176,744

6.8%

(60,558)

(99,550)

$9.03

Route 495 North

20,972,963

383,000

2,393,684

47,376

11.6%

69,948

147,917

$9.62

Route 495 Northeast

13,538,580

225,000

1,479,552

104,614

11.7%

91,415

110,741

$8.33

Route 495 South

32,556,010

959,500

2,385,749

6,100

7.3%

(38,159)

331,880

$6.24

Route 495 West

15,173,226

220,106

523,243

74,343

3.9%

81,597

251,618

$8.70

ROUTE 495 TOTAL

82,240,779

1,787,606

6,782,228

232,433

8.5%

204,801

842,156

$8.08

MARKET TOTAL

180,789,026

2,257,606

13,214,753

409,177

7.5%

140,241

756,637

$9.14

METHODOLOGY SOURCE: Co-Star, NAI Hunneman Commercial Company. PREPARED: June 2018.

DISCLAIMER: The above data is from sources deemed to be generally reliable, but no warranty is made as to the accuracy of the data nor its usefulness for any particular purpose. Average Rental Rates are asking rents on direct space. Vacant space includes both direct and sublease space.

LIZ BERTHELETTE | Director of Research 617.457.3306 | lberthelette@naihunneman.com