Supply Glut Hits High-End Logistics Market
Speculative construction of new industrial facilities has ground to a halt in Greater Boston, as lower tenant demand and overbuilding have created a glut of high-end space.
Less Demand, Higher Costs Slow NH Industrial Growth
New Hampshire’s industrial real estate market is finally cooling down after a long boom period originally sparked by the COVID-era’s strong demand for warehouse space occupied by e-commerce companies.
With Vacancies Rising, Experts Foresee Pause in New Industrial Projects
The once red-hot warehouse and distribution center market has noticeably cooled over the past year, and some newly built industrial properties are sitting empty for months.
What Comes Next for Mass and Cass?
Investors and tenants say it’s impossible to separate Newmarket’s future potential from the stigma gained by its proximity to New England’s most notorious intersection. But is the page turning to a new chapter for the area?
MAPC Study Tracks Disconnect Between Jobs, Housing
The continuing redevelopment of industrial properties in Greater Boston is widening inequity, straining transportation networks and could hurt the region’s future competitiveness, a Metropolitan Area Planning Council report says.
Industrial Real Estate Retains Durability
Signs of softening have started to appear in Greater Boston’s industrial and warehouse property market. But that doesn’t mean it’s time to ring the alarm bell for 2023. This is still very much a strong sector, experts say.
Fed: ‘Larger Number’ of CRE Deals Fell Through in New England
A “larger number” of industrial real estate acquisition and leasing deals are falling through in New England, according to Federal Reserve officials.
Industrial Rents Rose 27 Percent in Past Year
Asking rents for industrial properties in Greater Boston hit record highs in the second quarter after a 27.5 percent increase in the past 12 months.
Hot Property: GreenCare Collective
A “perpetual harvest system” maximizes the efficiency of GreenCare Collective’s newly completed cannabis cultivation, manufacturing and dispensary in Millbury.
Hot Property: New Balance Factory
New Balance’s Methuen factory has reopened following a $20 million renovation project, as the Boston-based athletic gear manufacturer doubles the facility’s workforce to 180 employees by the end of 2022.
Hot Property: Vibalogics Boxborough
Construction of a new $150 million global headquarters for German contract drug manufacturer Vibalogics was recently completed in Boxborough.
CLF Threatens Suit Over Industrial Properties’ Wastewater
Pledging to file a federal lawsuit if its calls for change are not met, the Conservation Law Foundation on Wednesday alleged that the Boston region’s water and sewer authority has repeatedly failed to enforce pre-treatment standards and allowed its users to pump water with excessive pollutants.
COVID’s Real Estate Winners and Losers Have Come into Focus
We are two years into a once-in-a-century pandemic that has altered how we work, live, travel, socialize, do business – even what we ultimately value in life.
As Economy Grows, Some CRE Sectors Benefit
While macro-related risks certainly loom given the ongoing pandemic and its many side effects, the worst of the cycle appears to be in the past, and tenants will be filling space across property types.
Boston Will Start Clearing Mass. and Cass Encampment Today
Officials in Boston are beginning to clear a sprawling homeless camp, citing a crisis of opioid addiction there.
Self-Storage Developers Continue to Scour Industrial Market
Amazon and other ecommerce players aren’t the only ones on the hunt for vacant industrial and retail spaces to possibly convert into storage depots. And industry executives estimate the industrial-to-storage pipeline will accelerate as investors pour billions into it.
Tax Breaks for E-Commerce Giants Make No Sense
Amazon should be shelling out the big dollars in order to win approval for its distribution centers, not the other way around.
Optimism and Recovery Expected for CRE in Second Half of 2021
As we continue to rebuild and recover in the new normal, it’s time we take a look at the last year’s predictions to separate fact from speculation as the reality of a post-pandemic world becomes clearer.
Newmarket Creates Thorny Questions
Boston officials have embarked on an effort to rezone the Newmarket industrial district amid a boom in demand for distribution and biomanufacturing space. But they face a difficult balancing act as they do so.
Boston’s Last Industrial Remnant Emerges
In 21st century Boston, real estate values defy gravity and displacement pressures spread throughout the city – even in gritty Newmarket as long-time industrial tenants wonder whether rent hikes will force them to leave if life science uses start making inroads.
