The 495 submarkets experience the greatest industrial growth across greater Boston in the last five years

• The 495 Belt has witnessed the highest growth in industrial occupancy over the past five years, boasting a net absorption of 62 million square feet (msf). In comparison, the 128 Belt and Greater Worcester contributed 45.8 msf and 13.8 msf, respectively.
• Notably, the 495 South and 128 North submarkets have collectively represented a substantial portion, accounting for 42.4% of the total net absorption across the Greater Boston area in the last five years.
• This robust occupancy growth over the past half-decade can be primarily attributed to the surge in e-commerce and the expansion of highly skilled manufacturing sectors, such as biomanufacturing and battery production.

August 14, 2023

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