Q1-2018-IndustrialReport

Q1

2018

T h e L AST M I L E i s d e f i n e d d i f f e r e n t l y b y s o u r c e s b u t b a s i c a l l y i s t h e l a s t l e g

BOSTON LAST MILE BUILDINGS

NUMBER OF BUILDINGS BY YEAR BU I LT: <1950: 56

MED I AN AGE : 1960 MEDIAN SIZE: 40,500 SF MEDIAN CEILING HEIGHT: 16’-20’

1951-1970: 58 1971-1980: 16 1981+: 20

SPEED TO DELIVER CRITICAL FOR THE RETAILER TO LOCATE CLOSE TO END CUSTOMERS

RENT GROWTH FROM Q1 2016 – Q1 2018

LAST MILE: 34% URBAN CORE SUBMARKET: 31% ALL INDUSTRIAL: 26% ROUTE 128 WEST/NORTHWEST: 25%

LAST MILE VACANCY & NET ABSORPTION

$16

$14

$12

$10

$8

$6

$4

$2

LAST MILE ASKING RENTS $0 2008 2009 2010 2011 2012

2013

2014

2015

2016

2017

2018

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