Greater Boston’s industrial market experienced a slowdown in activity in June compared to its previous rapid pace, with negative absorption of approximately 1,000,000 square feet year-to-date. This deceleration reflects a shift in market dynamics; however the region continues to attract significant leasing and development interest indicating sustained demand for industrial space. The introduction of new spec deliveries such as distribution spaces at 40 Lackey Dam Road in Uxbridge and 900 Bedford Streetin Bridgewater contribute to overall growth despite cooling cGMP markets evident by vacant 140,000 square feet cGMP space on Middlesex Turnpikein Bedford. Despite macroeconomic concerns quality industrial space remains strong including Cardinal Health’s lease at 80 Pine Hill Drivein Boylston and Electric Hydrogen’s occupancy at 33 Jackson Roadin Wellesley.
“Nonprofit HOPE Program Secures 10-Year Renewal with Assistance from Cresa”
Cresa’s senior advisors, Waite Buckley and Michael Herz, successfully negotiated a 10-year renewal lease for 7,500 square feet at 1
Steve Griffin
November 15, 2024
