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Boston, Massachusetts

Metropolitan Area Economic Overview
Calculations for all indices were provided by SRC, LLC

Market Research provided by NAI Hunneman
Last Updated: 16-Nov-2009		 Market Overview
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Market Research

* Click on each category for a detailed definition.
Low High Effective Avg. Vacancy Investment Yield
Downtown Office
New Construction (AAA) $ 45.00 $ 55.00 $ 50.00 17.0% N/A
Class A (Prime) $ 35.00 $ 52.00 $ 42.50 9.5% N/A
Class B (Secondary) $ 25.00 $ 35.00 $ 30.00 11.3% N/A
 
Suburban Office
New Construction (AAA) $ 32.00 $ 42.00 $ 37.00 40.0% N/A
Class A (Prime) $ 25.00 $ 35.00 $ 30.00 16.5% N/A
Class B (Secondary) $ 16.00 $ 25.00 $ 22.50 15.0% N/A
 
Industrial
Bulk Warehouse $ 4.50 $ 7.00 $ 5.75 11.0% N/A
Manufacturing $ 4.75 $ 8.00 $ 6.00 13.5% N/A
High Tech / R&D $ 7.00 $ 18.00 $ 10.00 15.0% N/A
 
Retail
Downtown $ 20.00 $ 120.00 $ 70.00 15.0% N/A
Neigborhood Service Centers $ 10.00 $ 17.50 $ 13.25 7.5% N/A
Community Power Center $ 10.00 $ 17.50 $ 13.25 7.5% N/A
Regional Malls $ 15.00 $ 80.00 $ 47.00 7.5% N/A

Development Land Low () High ()
Office in CBD $ 100 $ 150
Land in Office Parks $ 225,000 $ 750,000
Land in Industrial Parks $ 80,000 $ 225,000
Office/Industrial Land - Non-park $ 75,000 $ 150,000
Retail/Commercial Land $ 280,000 $ 1,400,000
Residential $ 100,000 $ 500,000

Footnote: *MassBenchmarks is the quarterly journal of the Massachusetts economy published by the University of Massachusetts Donahue Institute in cooperation with the Federal Reserve Bank of Boston and managed by the Institute's Economic and Public Policy Research
 

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