
Industrial Market Tightened in Q2
Greater Boston industrial rents spiked 4.4 percent in the second quarter as vacancies dipped below 5 percent, according to a brokerage report.
Greater Boston industrial rents spiked 4.4 percent in the second quarter as vacancies dipped below 5 percent, according to a brokerage report.
Somerville’s Inner Belt district checks many of the boxes that are in demand among commercial developers. And the 100-acre neighborhood is seeing signs it could transform under the weight of demand for life science space.
Texas-based developer Criterion Development Partners has bought a trio of industrial parcels on the Somerville/Boston line for $10.3 million.