January 19, 2011
Industrial RE Stable In Q4
By Christina Davis
The Greater Boston industrial market stabilized during the fourth quarter, according to a report from Boston-based real estate firm Richards Barry Joyce & Partners.
Vacancy rates for each property type in the industrial category - warehouse, flex and manufacturing space - were either flat or dipped only slightly. Asking lease rates were also fairly stable.
Along the Interstate 495 belt, vacancy rates remained below 20 percent, with flex space posting the lowest rate of just 15.7 percent.
The biggest industrial space deals in the I-495 region included D&S Realty's acquisition of 53 Otis St. in Westborough for $3 million. Anheuser Busch vacated warehouse space in Devens, while Shaw's left its 11,000-square-foot warehouse in Northborough.
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