Q4-2017-MarketReport-WEB

M E T R O

B O S T O N

MARKET RE CAP

INDUSTRIAL STATISTICS

TOTAL INVENTORY (SF)

UNDER CONSTRUCTION (SF)

DIRECT VACANT (SF)

SUBLEASE VACANT (SF)

TOTAL VACANCY RATE

Q4 NET ABSORPTION (SF)

YTD NET ABSORPTION (SF)

ASKING RENT NNN ($/SF)

Urban Core

17,966,658

-

1,184,250

27,314

6.7%

16,334

(113,995)

$11.91

Framingham-Natick

3,162,001

-

110,716

-

3.5%

28,300

197,227

$8.71

Route 128 North

28,378,974

-

1,149,367

117,301

4.5%

141,071

382,104

$10.04

Route 128 Northwest

3,881,764

-

173,292

37,974

5.4%

24,436

70,373

$19.89

Route 128 South

39,593,921

400,000

2,947,643

24,540

7.5%

165,579

202,516

$7.12

Route 128 West

4,319,350

-

219,962

-

5.1%

6,427

5,850

$19.60

ROUTE 128 TOTAL

76,174,009

400,000

4,490,264

179,815

6.1%

337,513

660,843

$8.97

Route 495 North

20,993,545

383,000

2,426,064

67,171

11.9%

(34,485)

(279,783)

$9.22

Route 495 Northeast

12,134,427

175,000

1,303,997

57,600

11.2%

(129,372)

442,950

$7.63

Route 495 South

32,102,198

999,300

2,402,053

92,376

7.8%

359,045

410,054

$6.12

Route 495 West

15,178,513

-

785,204

-

5.2%

(61,935)

71,868

$9.21

ROUTE 495 TOTAL

80,408,683

1,557,300

6,917,318

217,147

8.9%

133,253

645,089

$7.84

MARKET TOTAL

177,711,351

1,957,300

12,702,548

424,276

7.4%

515,400

1,389,164

$8.63

10 TH LARGEST METROPOLITAN AREA IN THE US

BOSTON

Tech Startups (Compass) 4,000 537 Big Data Companies in MA

INNOVATIVE CITY (Innovation Cities)

9 Accelerators

$3.2 BILLION VC Funding (2016)

SMARTEST CITY (Forbes)

2,683,500 LABOR FORCE

16 LIFE SCIENCE INCUBATORS

UNEMPLOYMENT RATE US AVERAGE: 4.1%

3.0%

www.naihunneman.com

303 Congress Street Boston, MA 617.457.3400

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