Monday, June 26, 2017

Total Retail Inventory Stands at 194.6 Million SF in Eastern Massachusetts, With Vacancy at 8.6 Percent

BURLINGTON, MA:  KeyPoint Partners released its retail report on Eastern Massachusetts/Greater Boston, saying total retail inventory stands at 194.6 million square feet in Eastern Massachusetts, with vacancy remaining at 8.6 percent.

This comprehensive retail real estate report examines supply, occupancy, absorption, and retailer expansion and contraction for virtually every retail property in the region.

According to the Report, total retail real estate inventory in the region was 194.6 million square feet, a gain of 854,000 square feet, or 0.4%. The vacancy rate was 8.6%, a modest improvement from 2016.

Big Y was the retailer adding the most new space in the region, by way of its acquisition of eight Hannaford locations. The Grocery category led all retail categories in added square footage, with Health & Fitness in second place, led by Life Time Fitness. Department Stores lost the most square footage in the region, contracting by 889,500 square feet.. . . more

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