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More tenants moving in to Boston industrial space

Companies seeking warehouse and manufacturing locations in greater Boston signed leases for 410,000 square feet of space last spring, pushing vacancy rates slightly lower.

The real estate brokerage Transwestern RBJ said Wednesday that rents for industrial space rose 5.6 percent above their levels last year while vacancy rates dropped from 12 percent to 11.5 percent.

In the towns along the northern stretch of Route 128, warehouse vacancy rates settled at 4.8 percent, the lowest on record. The area is home to nearly one fifth of all warehouse space in greater Boston. Warehouse vacancy rates remained above 10 percent along Interstate 495, where most of the area’s industrial storage space is clustered, the company’s data showed.


The biggest leases recorded by Transwestern for the period from April to June included a 132,000-square foot lease by Electric Supply Center for warehouse space in Woburn and a 96,000-square foot rental by Imperial Bag & Paper in Woburn. J&R Cabinets also leased 50,000 square feet of flex space in North Reading, which can be used for warehouse or other purposes.

Jack Newsham can be reached at Follow him on Twitter @TheNewsHam.