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Boston & New England  + Boston  + Finance  |  June 24, 2024
Emily Fu
By: Emily Fu

Boston Industrial Investment Grows More Than 50% in Q2 

In Q1 2024, industrial investment in Greater Boston recorded $230 million in sales, according to Avison Young. As Q2 2024 progresses, sales have already reached $359 million, marking an increase of over 50% from the previous quarter. 

An analysis of industrial property subtypes in Greater Boston shows that manufacturing facilities account for 27.4% of total industrial sales volume in Q2 2024. This represents a 14.7% increase in their share compared to Q1 2024. 

Looking ahead, Avison Young predicts that flex and manufacturing spaces are expected to maintain their increased share of investment sales volume. This trend is driven by rising demand for clean tech and R&D facilities, which are becoming increasingly prominent in the Greater Boston area. 

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About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.
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