In the first quarter of 2024, Avison Young reported that industrial investment in Greater Boston reached $230 million in sales. As we progress into the second quarter, sales have already surpassed this amount and are now at $359 million – a significant increase of over 50%.
An analysis of industrial property subtypes reveals that manufacturing facilities make up 27.4% of total industrial sales volume for Q2 2024. This represents a notable growth of 14.7% compared to the previous quarter.
Looking ahead, Avison Young predicts that flex and manufacturing spaces will continue to hold a larger share in investment sales volume. This trend is driven by an increasing demand for clean tech and R&D facilities which are becoming more prevalent throughout Greater Boston’s market.
The article “Boston Industrial Investment Increases by Over Half in Q2” was originally published on Connect CRE.
