The year 2024 was a turbulent one to be involved in Boston’s industrial space, as a number of categories slumped, according to a market report from Colliers. Most notably, investment sales volume is now down 73 percent from its peak level in the June quarter of 2022. While Colliers did not reveal what the specific figure was, it did note that the category is at its lowest level in 10 years.
The biggest deals during the last three months of 2024 occurred in the research and development and manufacturing sectors.
“The Route 495/93 North was home to some of the largest R&D sales in the quarter, such as that of 301 Ballardvale in Wilmington. Properties larger than 300,000 SF traded for a combined total of $142.9 million in that area,” Colliers wrote.
