Surging demand from online retailers, logistics operators and product suppliers has put immense pressure on Greater Boston’s warehouse market. Current vacancy measures single digits, and the true vacancy rate, which removes antiquated and functionally obsolete supply, reads below 5 percent.
A 345,000-square-foot high-bay distribution facility has broken ground on speculation in Bellingham to meet growing demand from e-commerce and logistics industries along the I-495 corridor.
The frontier in Greater Boston residents’ quest to find affordable homes moved to the South Shore and Greater Worcester this year, with implications for the way towns, cities and the state plan for the future.
Industrial development is ramping up to the highest levels seen in the current real estate cycle, driven by a group of large speculative projects designed to satisfy shifting shopping patterns and the Massachusetts building industry’s demand for storage space.
7-Eleven and S-L Distribution Co. LLC have signed a pair of leases totaling 127,500 square feet at 353 Maple St. in Campanelli Business Park of Bellingham, a speculative industrial building completed in October 2018.
National DCP has completed a $25.5 million sale and leaseback of 150 Depot St. in Bellingham, a 252,600-square-foot warehouse and distribution center.
