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Industrial/Lab Market Alive and Well

BOSTON-With a slew of moderate-sized deals, the Hub's industrial and lab markets are still kicking.

By Ryan Clark | Updated on January 20, 2009

BOSTON-Recently, a cornucopia of mid-sized industrial, warehouse and lab deals are taking advantage of the new year to renew or expand their current leases. According to Richards Barry Joyce & Partners’ indSTATus for the winter of ’09, a “dearth of new manufacturing space” will help steady the vacancy rate. In the meantime, these deals are hanging onto current space or jumping on some mid-range expansions in and around Boston.

South Boston is seeing some deal action with a block of warehouse expansions brokered by Cushman & Wakefield. Asmara, Inc. is renewing 19,863 square feet of showroom/warehouse–at 88 Black Falcon Ave.–from AMB Property Corp. in Randolph; Independent Flooring is expanding into 17,000 square feet at 38 Teed Dr., working out a deal with Atlantic Management; and Sonepar Electric is renewing 16,088 square feet from Zine Family Trust at 50 Von Hillern St.

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