Nordlund Associates Newsletter Q3 2025
October 2, 2025
Welcome to the Q3 2025 edition of the Nordlund Associates Inc. newsletter. In this issue, we share key market insights, highlight recent transaction activity and provide an update on our team’s progress as we continue to serve the commercial real-estate community across New England.
Our team, led by Triglione & Bartley, successfully completed the sale-leaseback of an 18,000 square-foot facility in Wilmington, Massachusetts. This transaction underscores our capability to execute complex capital-markets strategies across the industrial and light-manufacturing sectors.
The industrial market continues to demonstrate resilience, with strong fundamentals and selective leasing activity in key New England submarkets. Tight supply and moderate absorption are driving rental growth, particularly in flex/warehouse product near major transportation corridors.
Office leasing remains challenged by remote-work impacts and shifting tenant preferences. Our outlook suggests continued pressure on Class B space in suburban markets, while owners of Class A product near transit hubs may benefit from repositioning and amenity-rich offerings.
Flex and lab spaces are gaining traction, particularly as life-science tenants expand and manufacturing firms seek smaller, high-efficiency footprints. We expect this sector to remain a growth area into 2026.
We’re excited to announce the recent addition of two new associates to our leasing team, supporting our growth in Greater Boston’s industrial and office markets. Our commitment remains: providing clients with results-driven approach, personalized service and expert local market knowledge.
As we head into the final quarter of the year, our priorities include:
We look forward to continuing our relationship with you and helping you navigate the evolving commercial-real-estate landscape.
If you’d like to discuss your property, need market intelligence or are exploring a transaction, please reach out to our team.