Devens Leads Spike in Warehouse Occupancy

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Worcester Business Journal, Posted: January 21, 2014

By: Emily Micucci

Since the Great Recession of 2009, business tenants in Greater Boston, including MetroWest towns along Interstate 495, have enjoyed low commercial rents and the upper-hand in negotiations with landlords. But is that starting to change?

It’s highly possible, according to data released this month in indSTATus, the industrial real estate market publication by TranswesternRBJ, the Boston-based commercial real estate firm that services clients between Boston and the 495 corridor.

Greatest Gains Found In 495 North

The winter 2014 study found that asking rents in the industrial market are beginning to climb north of pre-recession levels. And while higher occupancy rates were found across all submarkets —warehouse, manufacturing and flex space —the greatest gains were found in the warehousing market in the 495 North region, which includes the towns of Acton, Ayer, Boxborough, Chelmsford, Devens, Littleton and Westford.

Read more via Devens leads spike in warehouse occupancy | MetroWest495 Biz.

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