{"id":2389,"date":"2022-10-27T14:46:06","date_gmt":"2022-10-27T18:46:06","guid":{"rendered":"https:\/\/www.lee-associates.com\/boston\/?p=2389"},"modified":"2022-10-27T15:29:06","modified_gmt":"2022-10-27T19:29:06","slug":"q3-2022-boston-industrial-market-report","status":"publish","type":"post","link":"https:\/\/www.lee-associates.com\/boston\/2022\/10\/27\/q3-2022-boston-industrial-market-report\/","title":{"rendered":"Q3 2022 Boston Industrial Market Report"},"content":{"rendered":"<div id=\"pl-2389\"  class=\"panel-layout\" ><div id=\"pg-2389-0\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-2389-0-0\"  class=\"panel-grid-cell\" ><div id=\"panel-2389-0-0-0\" class=\"so-panel widget widget_sow-image panel-first-child panel-last-child\" data-index=\"0\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-image so-widget-sow-image-default-8b5b6f678277-2389\"\n\t\t\t data-overlay-enabled=\"1\" data-overlay-settings=\"{&quot;enabled_for_widgets&quot;:[&quot;sow-image&quot;,&quot;sow-image-grid&quot;,&quot;sow-simple-masonry&quot;],&quot;theme&quot;:&quot;&quot;,&quot;show_delay&quot;:300,&quot;overlay_color&quot;:&quot;#000000&quot;,&quot;overlay_opacity&quot;:0.8,&quot;overlay_position&quot;:&quot;bottom&quot;,&quot;overlay_size&quot;:0.3,&quot;desktop_show_trigger&quot;:&quot;hover&quot;,&quot;touch_show_trigger&quot;:&quot;touch&quot;,&quot;responsive_breakpoint&quot;:&quot;1024px&quot;,&quot;responsive_breakpoint_unit&quot;:&quot;px&quot;,&quot;overlay_animation&quot;:&quot;fade&quot;,&quot;overlay_animation_onscreen&quot;:false,&quot;font_family&quot;:&quot;&quot;,&quot;text_size&quot;:&quot;15px&quot;,&quot;text_size_unit&quot;:&quot;px&quot;,&quot;text_color&quot;:&quot;#fff&quot;,&quot;text_padding&quot;:&quot;22px 22px 22px 22px&quot;,&quot;text_position&quot;:&quot;middle&quot;,&quot;text_align&quot;:&quot;left&quot;,&quot;text_animation&quot;:&quot;&quot;}\"\n\t\t>\n<div class=\"sow-image-container\">\n\t\t<img \n\tsrc=\"https:\/\/www.lee-associates.com\/boston\/wp-content\/uploads\/sites\/79\/2022\/07\/Market-report-image.png\" width=\"992\" height=\"549\" srcset=\"https:\/\/www.lee-associates.com\/boston\/wp-content\/uploads\/sites\/79\/2022\/07\/Market-report-image.png 992w, https:\/\/www.lee-associates.com\/boston\/wp-content\/uploads\/sites\/79\/2022\/07\/Market-report-image-512x283.png 512w, https:\/\/www.lee-associates.com\/boston\/wp-content\/uploads\/sites\/79\/2022\/07\/Market-report-image-768x425.png 768w\" sizes=\"(max-width: 992px) 100vw, 992px\" title=\"Market report image\" alt=\"\" \t\tclass=\"so-widget-image\"\/>\n\t<\/div>\n\n<\/div><\/div><\/div><div id=\"pgc-2389-0-1\"  class=\"panel-grid-cell\" ><div id=\"panel-2389-0-1-0\" class=\"so-panel widget widget_sow-editor panel-first-child panel-last-child\" data-index=\"1\" ><div class=\"panel-widget-style panel-widget-style-for-2389-0-1-0\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<h1>INDUSTRIAL MARKET OVERVIEW<\/h1>\n<p>TY JANNEY, Managing Principal<\/p>\n<hr \/>\n<p>For the first time since 2009, the Greater Boston quarterly industrial vacancy rate increased from 3.9% to 4.3%. Rising inflation and interest rates coupled with a pause in early-stage life science demand are contributing factors to this change. 5.5 million SF of absorption and 7.5 million SF of new construction also represent 10-year highs, although the delivery of 3.8 million SF at Osgood Landing in North Andover this quarter contributed to the surge in positive absorption. One transaction representative of an emerging trend for GMP bio-manufacturing was the sale of 93,280 SF to Jumbo Capital for $211\/SF as Jumbo plans to reposition the facility from distribution to GMP for bio-manufacturing.<\/p>\n<\/div>\n<\/div><\/div><\/div><\/div><\/div><div id=\"pg-2389-1\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-2389-1-0\"  class=\"panel-grid-cell\" ><div id=\"panel-2389-1-0-0\" class=\"so-panel widget widget_sow-image panel-first-child panel-last-child\" data-index=\"2\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-image so-widget-sow-image-default-8b5b6f678277-2389\"\n\t\t\t data-overlay-enabled=\"1\" data-overlay-settings=\"{&quot;enabled_for_widgets&quot;:[&quot;sow-image&quot;,&quot;sow-image-grid&quot;,&quot;sow-simple-masonry&quot;],&quot;theme&quot;:&quot;&quot;,&quot;show_delay&quot;:300,&quot;overlay_color&quot;:&quot;#000000&quot;,&quot;overlay_opacity&quot;:0.8,&quot;overlay_position&quot;:&quot;bottom&quot;,&quot;overlay_size&quot;:0.3,&quot;desktop_show_trigger&quot;:&quot;hover&quot;,&quot;touch_show_trigger&quot;:&quot;touch&quot;,&quot;responsive_breakpoint&quot;:&quot;1024px&quot;,&quot;responsive_breakpoint_unit&quot;:&quot;px&quot;,&quot;overlay_animation&quot;:&quot;fade&quot;,&quot;overlay_animation_onscreen&quot;:false,&quot;font_family&quot;:&quot;&quot;,&quot;text_size&quot;:&quot;15px&quot;,&quot;text_size_unit&quot;:&quot;px&quot;,&quot;text_color&quot;:&quot;#fff&quot;,&quot;text_padding&quot;:&quot;22px 22px 22px 22px&quot;,&quot;text_position&quot;:&quot;middle&quot;,&quot;text_align&quot;:&quot;left&quot;,&quot;text_animation&quot;:&quot;&quot;}\"\n\t\t>\n<div class=\"sow-image-container\">\n\t\t<img \n\tsrc=\"https:\/\/www.lee-associates.com\/boston\/wp-content\/uploads\/sites\/79\/2022\/10\/Screen-Shot-2022-10-27-at-2.40.14-PM.png\" width=\"1046\" height=\"915\" srcset=\"https:\/\/www.lee-associates.com\/boston\/wp-content\/uploads\/sites\/79\/2022\/10\/Screen-Shot-2022-10-27-at-2.40.14-PM.png 1046w, https:\/\/www.lee-associates.com\/boston\/wp-content\/uploads\/sites\/79\/2022\/10\/Screen-Shot-2022-10-27-at-2.40.14-PM-512x448.png 512w, https:\/\/www.lee-associates.com\/boston\/wp-content\/uploads\/sites\/79\/2022\/10\/Screen-Shot-2022-10-27-at-2.40.14-PM-768x672.png 768w\" sizes=\"(max-width: 1046px) 100vw, 1046px\" title=\"Boton Industrial Market Report &#8211; Graphs\" alt=\"\" \t\tclass=\"so-widget-image\"\/>\n\t<\/div>\n\n<\/div><\/div><\/div><\/div><div id=\"pg-2389-2\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-2389-2-0\"  class=\"panel-grid-cell\" ><div id=\"panel-2389-2-0-0\" class=\"so-panel widget widget_sow-button panel-first-child panel-last-child\" data-index=\"3\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-button so-widget-sow-button-flat-987004c94dc7-2389\"\n\t\t\t\n\t\t><div class=\"ow-button-base ow-button-align-center\"\n>\n\t\t\t<a\n\t\t\t\t\thref=\"https:\/\/www.lee-associates.com\/boston\/wp-content\/uploads\/sites\/79\/2022\/10\/Boston-Industrial.pdf\"\n\t\t\t\t\tclass=\"sowb-button ow-icon-placement-left ow-button-hover\" \t>\n\t\t<span>\n\t\t\t<span class=\"sow-icon-icomoon\" data-sow-icon=\"&#xeadf;\"\n\t\tstyle=\"color: #ffffff\" \n\t\taria-hidden=\"true\"><\/span>\n\t\t\tDOWNLOAD REPORT\t\t<\/span>\n\t\t\t<\/a>\n\t<\/div>\n<\/div><\/div><\/div><div id=\"pgc-2389-2-1\"  class=\"panel-grid-cell panel-grid-cell-empty\" ><\/div><div id=\"pgc-2389-2-2\"  class=\"panel-grid-cell panel-grid-cell-empty panel-grid-cell-mobile-last\" ><\/div><div id=\"pgc-2389-2-3\"  class=\"panel-grid-cell panel-grid-cell-empty\" ><\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>INDUSTRIAL MARKET OVERVIEW TY JANNEY, Managing Principal For the first time since 2009, the Greater Boston quarterly industrial vacancy rate increased from 3.9% to 4.3%. Rising inflation and interest rates coupled with a pause in early-stage life science demand are contributing factors to this change. 5.5 million SF of absorption and 7.5 million SF of new construction also represent 10-year highs, although the delivery of 3.8 million SF at Osgood Landing in North Andover this&#8230;<\/p>\n","protected":false},"author":143,"featured_media":2364,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-2389","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-reports"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.5 (Yoast SEO v28.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Q3 2022 Boston Industrial Market Report - Lee &amp; Associates - Boston<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lee-associates.com\/boston\/2022\/10\/27\/q3-2022-boston-industrial-market-report\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Q3 2022 Boston Industrial Market Report\" \/>\n<meta property=\"og:description\" content=\"INDUSTRIAL MARKET OVERVIEW TY JANNEY, Managing Principal For the first time since 2009, the Greater Boston quarterly industrial vacancy rate increased from 3.9% to 4.3%. Rising inflation and interest rates coupled with a pause in early-stage life science demand are contributing factors to this change. 5.5 million SF of absorption and 7.5 million SF of new construction also represent 10-year highs, although the delivery of 3.8 million SF at Osgood Landing in North Andover this...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.lee-associates.com\/boston\/2022\/10\/27\/q3-2022-boston-industrial-market-report\/\" \/>\n<meta property=\"og:site_name\" content=\"Lee &amp; Associates - Boston\" \/>\n<meta property=\"article:published_time\" content=\"2022-10-27T18:46:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-10-27T19:29:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.lee-associates.com\/boston\/wp-content\/uploads\/sites\/79\/2022\/10\/Boston-Industrial-Market-Report-3Q22-social-image.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1306\" \/>\n\t<meta property=\"og:image:height\" content=\"1306\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Donna VanSchagen\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Donna VanSchagen\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/boston\\\/2022\\\/10\\\/27\\\/q3-2022-boston-industrial-market-report\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/boston\\\/2022\\\/10\\\/27\\\/q3-2022-boston-industrial-market-report\\\/\"},\"author\":{\"name\":\"Donna VanSchagen\",\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/boston\\\/#\\\/schema\\\/person\\\/34e8a0cd6fc2d3c205150fd1d451b099\"},\"headline\":\"Q3 2022 Boston Industrial Market Report\",\"datePublished\":\"2022-10-27T18:46:06+00:00\",\"dateModified\":\"2022-10-27T19:29:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/boston\\\/2022\\\/10\\\/27\\\/q3-2022-boston-industrial-market-report\\\/\"},\"wordCount\":142,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/boston\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/boston\\\/2022\\\/10\\\/27\\\/q3-2022-boston-industrial-market-report\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.lee-associates.com\\\/boston\\\/wp-content\\\/uploads\\\/sites\\\/79\\\/2022\\\/10\\\/Boston-Industrial-Market-Report-3Q22-social-image.png\",\"articleSection\":[\"Market Reports\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.lee-associates.com\\\/boston\\\/2022\\\/10\\\/27\\\/q3-2022-boston-industrial-market-report\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/boston\\\/2022\\\/10\\\/27\\\/q3-2022-boston-industrial-market-report\\\/\",\"url\":\"https:\\\/\\\/www.lee-associates.com\\\/boston\\\/2022\\\/10\\\/27\\\/q3-2022-boston-industrial-market-report\\\/\",\"name\":\"Q3 2022 Boston Industrial Market Report - Lee &amp; 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Rising inflation and interest rates coupled with a pause in early-stage life science demand are contributing factors to this change. 5.5 million SF of absorption and 7.5 million SF of new construction also represent 10-year highs, although the delivery of 3.8 million SF at Osgood Landing in North Andover this...","og_url":"https:\/\/www.lee-associates.com\/boston\/2022\/10\/27\/q3-2022-boston-industrial-market-report\/","og_site_name":"Lee &amp; Associates - Boston","article_published_time":"2022-10-27T18:46:06+00:00","article_modified_time":"2022-10-27T19:29:06+00:00","og_image":[{"width":1306,"height":1306,"url":"https:\/\/www.lee-associates.com\/boston\/wp-content\/uploads\/sites\/79\/2022\/10\/Boston-Industrial-Market-Report-3Q22-social-image.png","type":"image\/png"}],"author":"Donna VanSchagen","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Donna VanSchagen","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.lee-associates.com\/boston\/2022\/10\/27\/q3-2022-boston-industrial-market-report\/#article","isPartOf":{"@id":"https:\/\/www.lee-associates.com\/boston\/2022\/10\/27\/q3-2022-boston-industrial-market-report\/"},"author":{"name":"Donna VanSchagen","@id":"https:\/\/www.lee-associates.com\/boston\/#\/schema\/person\/34e8a0cd6fc2d3c205150fd1d451b099"},"headline":"Q3 2022 Boston Industrial Market Report","datePublished":"2022-10-27T18:46:06+00:00","dateModified":"2022-10-27T19:29:06+00:00","mainEntityOfPage":{"@id":"https:\/\/www.lee-associates.com\/boston\/2022\/10\/27\/q3-2022-boston-industrial-market-report\/"},"wordCount":142,"commentCount":0,"publisher":{"@id":"https:\/\/www.lee-associates.com\/boston\/#organization"},"image":{"@id":"https:\/\/www.lee-associates.com\/boston\/2022\/10\/27\/q3-2022-boston-industrial-market-report\/#primaryimage"},"thumbnailUrl":"https:\/\/www.lee-associates.com\/boston\/wp-content\/uploads\/sites\/79\/2022\/10\/Boston-Industrial-Market-Report-3Q22-social-image.png","articleSection":["Market Reports"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.lee-associates.com\/boston\/2022\/10\/27\/q3-2022-boston-industrial-market-report\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.lee-associates.com\/boston\/2022\/10\/27\/q3-2022-boston-industrial-market-report\/","url":"https:\/\/www.lee-associates.com\/boston\/2022\/10\/27\/q3-2022-boston-industrial-market-report\/","name":"Q3 2022 Boston Industrial Market Report - Lee &amp; 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