Somerville/Chelsea
Boston - MA USA - Industrial Submarket
Industrial real estate intelligence for the Somerville/Chelsea submarket. 12.4M SF of inventory with 10.8% vacancy. Data sourced from various MLS platforms.
12.4MSF
Inventory
1.7MSF
Available
10.8%
Vacancy
13.7%
Availability Rate
$21.03
Asking Rent
1.7%
Rent Growth
-319,336SF
12mo Absorption
0SF
Under Construction
Market Metrics
12mo Delivered
502K SF
Under Constr % of Inv
0.0%%
Sale Price/SF
$356
Cap Rate
6.1%%
12mo Sales Volume
$179,273,500
Sales Vol Growth
503.6%
Asset Value
$4,434,380,048
Net Absorption
-319,336 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
High vacancy (10.8%) in Somerville/Chelsea may indicate availability of conversion-ready industrial buildings for data centre development. Negative absorption of 319K SF over 12 months warrants caution, though this may create discounted acquisition opportunities.
Other Submarkets in Boston - MA USA
Evaluating Somerville/Chelsea for Development?
Our advisory team provides site-specific analysis including power availability, zoning, and financial modeling.
Data sourced from various MLS platforms. Industrial market data for informational purposes. Professional due diligence recommended.