Boston Strong in Three Sectors, NGKF Says

BOSTON—The Greater Boston industrial market has posted a single-digit vacancy rate for the second quarter in a row, Boston is now a hotspot for life science activities, and indicators for the Boston office market remained positive. This according to a series of reports released this week by Newmark Grubb Knight and Frank.

Industrial Positive Absorption: After dropping to 9.7%, a 10-year low, in fourth-quarter 2014, vacancy dropped another 40 basis points to 9.3% in first-quarter 2015. With no developments recently completed or under construction, this decline in vacancy is a direct result of significant positive absorption across the market.