Industrial Sales Trends to Watch in North Reading, MA - 2019

1274 views

Video added by MANSARD | Date Uploaded: July 29, 2021 | Date Created: December 31, 2019

Description

Sales trends to watch in the North Reading, MA industrial real estate market -- in this video Jeremy Cyrier, CCIM briefs us on 2019's most notable industrial real estate sale as well as rental rate and vacancy trends. Sales trends to watch in the Boston commercial real estate market: https://masscommercialproperties.com/... The best way to sell commercial real estate for the right price: https://masscommercialproperties.com/... The top 5 questions to ask your commercial real estate broker: https://masscommercialproperties.com/... Woburn industrial space market stats: https://masscommercialproperties.com/... So, how was the North Reading industrial market in 2019? Once we wrapped up the year, North Reading is a relatively small market. It's about 1.7 million square feet of industrial and flex property. There's not a whole lot going on there, but the market dynamics are very positive because of the short supply and its strategic location to 93. So, at MANSARD, what we do here is we help owners of high value industrial and flex properties in North Reading find the right buyers who perform so that you can sell your property with confidence. So, in this market in 2019 the average price per square foot came in at $139 per square foot. So, that's a rich price for industrial and flex in this market. It exceeds the average price per square foot for industrial and flex throughout the Rockingham Essex and Middlesex County markets. CoStar reports the average cap rate in North Reading has been 7.2% in 2019 and the average rental rate has been trading around $13.98 a square foot. Virtually a fully occupied market. There's hardly any vacancy in North Reading, and what we've seen in the market is anything that does come available tends to move very quickly. The most notable sale of the year was 217 R Main Street in North Reading. That building sold for $3.6 million or $105 a square foot. If you'd like more information about what's happening in North Reading, please feel free to reach out or you can subscribe here to our market updates. Look forward to seeing you again. Thank you.


Categories:
Commercial Properties for Sale, Economics/Market Reports/Research
Property Types:
Industrial
States:
MASSACHUSETTS
Regions:
Middlesex County


Suggested Videos

Bob Knakal ICSC Las Vegas 2025 - Net Lease TV
In this episode of Net Lease TV on Tour Chris interviews Bob Knakal at ICSC Las Vegas 2025. Bob is the Chairman & CEO of BKREA, a commercial real estate capital markets brokerage company in New York City. Bob was the former Chairman of NY Investment Sales & Head of the NY Private Capital Group within JLL Capital Markets in New York City as well as Chairman of NY Investment Sales at Cushman and Wakefield and Chairman and Founding Partner of Massey Knakal Realty Services, New York's # 1 buildi
Richard Hurd - Net Lease TV ICSC Las Vegas 2025
In this Episode of Net Lease TV Chris Marabella interviews Richard, Kristin and Richie Hurd at ICSC Las Vegas 2025. Richard Hurd talks about how he got his start investing in multi family properties in Iowa, his favorite muscle cars and his goals for ICSC Las Vegas 2025. Richard and family own and operate over 200 + Net Lease Properties. Visit their website at https://hurdrealty.com/ For more Net Lease TV click on the follow link - https://www.marabellafinance.com/net-... To conta
LED Solutions Parking Lot LED Lighting Upgrade at Canyon Springs Marketplace - Riverside, Ca
Dramatically improve your commercial property's safety, security, and curb appeal with a modern LED lighting upgrade! This video showcases the incredible transformation of Canyon Springs Marketplace's parking lot by LED Solutions. Witness the dramatic improvement in visibility with energy-efficient LED lights, creating a safer and more inviting atmosphere for customers and visitors. In this video, you'll see: The outdated lighting system of Canyon Springs Marketplace's parking lot befor