Richards Barry Joyce & Partners Releases New Research Reports

Richards Barry Joyce & Partners Releases New Research Reports: flexSTATus Fall 2009 and indSTATus Fall 2009

New Publications Provide Detailed Information On Flex, Warehouse And Manufacturing Property Types

BOSTON - October 22, 2009 - Richards Barry Joyce & Partners, LLC (RBJ), a full-service commercial real estate advisory firm, has released two research publications on flex, warehouse, and manufacturing property types: flexSTATus - Fall 2009 and indSTATus - Fall 2009, respectively.

As its name would suggest, flexSTATus provides research and analysis on Greater Boston's flex market. According to the report, the flex market realized an increase in vacancy of 0.7%, to close the third quarter of 2009 at 19.2%. There was 219,000 square feet of negative absorption during the quarter, marking three consecutive quarters of negative absorption.

indSTATus covers the industrial market, including both warehouse and manufacturing properties. The warehouse market had 449,000 square feet of negative absorption, with vacancy increasing 0.8% to 17.8%. In the manufacturing market, vacancy rates stayed the same since Q2, ending the third quarter at 15.6%. There was flat absorption of negative 5,000 square feet.

"The flex, warehouse and manufacturing markets realized a slowdown in the deterioration of vacancy and lease rates," says Brendan Carroll, vice president of research for RBJ. "While superior industrial and flex product is well positioned for the next several quarters, aggregate demand for a large and growing supply of dated or obsolete product will continue to lag."

To request a copy of indSTATus - Fall 2009 or flexSTATus - Fall 2009, please send an email to research@rbjrealestate.com.

RBJ Research Publications
indSTATus and flexSTATus are two of RBJ's family of eleven quarterly research reports. RBJ also publishes a quarterly office report (officeSTATus) and individual marketSTATus reports on eight critical sub-markets. The firm's biotechnology-focused report, bioSTATus, is released twice a year, after the first and third quarters. In total, the firm produces an industry-leading 46 reports per year, in addition to custom research projects for clients.

About Richards Barry Joyce & Partners, LLC
Richards Barry Joyce & Partners is a full service commercial real estate firm providing creative solutions for its client partners. The company's focused team approach offers clients a competitive advantage in solving their local, national, and international real estate challenges. Richards Barry Joyce & Partners' unique platform offers a full range of real estate advisory services including market analysis, capital markets solutions, financial analysis, corporate services, portfolio review, and consulting services. For more information, please visit our website at www.rbjrealestate.com.