This Chinatown Tower Is Returning to Its Industrial Roots
The Hudson Building was built for garment manufacturing nearly 100 years ago. Now, it’s catering to 21st century tenants wanting scarce industrial space in the urban core.
The Hudson Building was built for garment manufacturing nearly 100 years ago. Now, it’s catering to 21st century tenants wanting scarce industrial space in the urban core.
Rising industrial availabilities throughout Greater Boston reflect slowing economic conditions as tenants’ sublease listings hit the highest level since 2011.
Vacancies in Greater Boston’s industrial market have risen for eight straight quarters, topping 11 percent as a recent development surge has left many newly-completed properties still seeking tenants.
Industrial vacancies rose to 5.4 percent in Greater Boston as warehouse users cut back on their space requirements amid an uncertain economic outlook.