Thursday, May 30, 2019

Preview: KeyPoint Report for Eastern MA 2019

KeyPoint Partners
The 2019 KeyPoint Report for Eastern Massachusetts/Greater Boston, based on our proprietary GRIID™ retail database, is in production and should be available by the end of June. While you’re waiting, here’s a preview - but please consider these results preliminary and subject to change:

Inventory and Vacancy: Total inventory in Eastern Massachusetts experienced a modest decline this year to 196.0 million square feet, a drop of 0.2%, caused largely by demolitions and repurposing of space to non-retail use. Following a substantial rise in the vacancy rate last year to 9.5%, it was encouraging to see the region show a nominal decline to 9.4% this year. . . . more