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
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