News
Industrial Vacancy Rates Dropping in Greater Boston
August 13, 2015
Leases were signed for 410k SF of industrial space in greater Boston this past spring, reducing vacancy rates from 12% to 11.5%. Rents are increasing as well, rising 5.6% above last year’s levels, reports the Boston Globe. Vacancy rates in towns along northern Route 128, home to nearly 20% of all warehouse space in the area, have dropped to a record low of 4.8%. Among the largest leases recorded for Q2 was a 132k SF warehouse in Woburn leased by Electric Supply Center. [Globe]
