Industrial Property Sales Trends - Wilmington, MA

1395 views

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

Description

We all want to know what's happening with Wilmington MA industrial property sales trends. That way we can make the best real estate decisions at the right time in the market. In this video, Jeremy Cyrier, CCIM provides an update on 2019 Wilmington MA industrial property sales 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/... What’s going on with the Wilmington MA industrial sales trends market? Owners of high-value commercial real estate come to us when they’re having difficulty finding the right buyers so they can sell with confidence. So what’s going on in Wilmington? Well, Wilmington’s been a much more active markets and the Woburn market has. In fact, Wilmington tends to be a spillover market from its sibling Woburn. Wilmington Industrial Property Market Stats: 2019 What we’re seeing in this 9.8 million square foot industrial flex market, is an average transaction value in 2019, of $119 a square foot. CoStar’s reporting cap rates in this market at 6.9%, and rents are averaging $11 and 98 cents a square foot. Vacancy rate’s running 6.2% which is much higher than Woburn, which is currently at about 2.7%. so what does this tell us? What this tells us is that Wilmington often tends to be a spillover market from Woburn in the three zones in Wilmington that you see having spillover. The 38 corridor, the 129 exit at 93, as well as Concord street, and then the Ballardvale section of Wilmington. Wilmington Outsells Woburn in 2019 So some of the recent transactions that are pushing the values, the highest one on record this year is 300 Ballardvale, which was the Monogram Foods acquisition. That building traded at 300 Ballardvale for $213 a square foot. That was followed by the sale of three Jonspin Road properties, 46 53 and 55 Jonspin, at $145 a square foot. And then 44 Concord street at 147.50 a square foot. Wilmington Technology Park, that portfolio of four buildings, that traded for $133 a square foot. So overall Wilmington, much more active market on the sales side in 2019 than its sibling market, Woburn. And we’ll see what 2020 has in store. So if you’re interested in receiving market updates, subscribe to our channel and we’ll talk to you soon. Thanks.


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


Suggested Videos

Could the Office Sector be Changing? with Phil Mobley #office
CoStar National Director of Office Analytics Phil Mobley joins Office Investment Sales Broker and Host Michael Bull, CCIM. Phil shares his insights on office performance expectations moving forward, with discussions including leasing and transaction velocity strategies for occupiers, lenders, and investors. #realestate #office #commercialrealestate Brought to you by: C5 + CCIM Global Summit 2025 - The premiere commercial real estate conference for networking, dealmaking, and investment opport
Multifamily Market Outlook for 2026 & Beyond with Carl Whitaker
What will rate growth look like in 2026 and beyond? Where are the opportunities for investment or development? Join host Michael Bull, CCIM and RealPage Chief Economist Carl Whitaker as they provide a behind the curtains look at the multifamily sector. Brought to you by: C5 + CCIM Global Summit 2025 - The premiere commercial real estate conference for networking, dealmaking, and investment opportunities, September 16-18th in Chicago: https://c5summit.realestate/ Bull Realty - https://www.bul
Self Storage Sector & REITs with Tyson Huebner
Tyson Huebner, Director of Institutional Research at Yardi Matrix, joins Michael Bull to discuss the self-storage sector and REITs. Topics include the current trends in self-storage performance, including the impact of recent market fluctuations and rental rate strategies. Tyson shares insights on occupancy rates, cap rate trends, and the evolving demand factors that influence this resilient asset class. Whether you are an investor, developer, or operator, this episode provides valuable market i