There was continued strong demand for warehouse space in the first quarter of 2007 in the Greater Boston area, according to the real estate firm Richards Barry Joyce & Partners LLC.
The manufacturing space sector saw a mixed performance, also a continuation of a recent trend, the firm said.
There is strong demand for the best space in particular, RBJ said in its indSTATus report for the first quarter.
"Strong demand for a dramatic minority of the state-of-the-art industrial property" was observed, the report said.
"Greater Boston, owing to multiple periods of manufacturing success dating back to the 1800s, has a great deal of older industrial inventory," the report noted.
While that has proved suitable for re-use as the economy changed in previous periods, today things are different. "This inventory largely does not meet modern or high-tech infrastructure requirements," RBJ said.
(By Thomas C. Palmer, Jr., Globe staff)