Lawrence/Andover
Boston - MA USA - Industrial Submarket
Industrial real estate intelligence for the Lawrence/Andover submarket. 33.3M SF of inventory with 6% vacancy. Data sourced from various MLS platforms.
33.3MSF
Inventory
2.6MSF
Available
6%
Vacancy
7.7%
Availability Rate
$14.31
Asking Rent
1.4%
Rent Growth
32KSF
12mo Absorption
2KSF
Under Construction
Market Metrics
12mo Delivered
159K SF
Under Constr % of Inv
0.0%%
Sale Price/SF
$181
Cap Rate
6.8%%
12mo Sales Volume
$139,982,477
Sales Vol Growth
7.8%
Asset Value
$6,024,399,654
Net Absorption
+32K SF
Recent DC Sales in Market
| Property | Price | SF | Buyer |
|---|---|---|---|
| 105 Cabot St | $6.4M | 105,731 | RJ Kelly Co, Inc. |
| Waltham BOS1 Data Center | $24.0M | 80,759 | CSquare |
| CoreSite BO1 | - | 273,180 | Stonepeak Partners LLC |
| CoreSite BO1 | - | 273,180 | American Tower Corporation |
| 400 Minuteman Rd (Part of a 32 Property Portfolio) | $71.4M | 153,000 | Mapletree US Management, LLC |
Available DC Space in Market
| Property | Avail SF | Rent | Owner |
|---|---|---|---|
| 46 Old Ferry Rd | 82,560 | $12.39 - 15.14 (Est.) | Patriot Holdings |
| BTS | 40,000 | Not Disclosed | Berish Properties, Inc. |
| 401 Elm St | 118,016 | $10.97 - 13.41 (Est.) | Harr Motor Company |
Data Centre Development Potential
Moderate vacancy (6%) in Lawrence/Andover suggests a balanced market with selective opportunities for data centre conversion or development. Active construction pipeline of 2K SF indicates developer confidence in the submarket. Positive net absorption of 32K SF over the past 12 months signals healthy demand fundamentals.
Other Submarkets in Boston - MA USA
Evaluating Lawrence/Andover for Development?
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Data sourced from various MLS platforms. Industrial market data for informational purposes. Professional due diligence recommended.