Boston’s Last Industrial Remnant Emerges Newmarket Businesses’ World is Shrinking By Steve Adams | Banker & Tradesman Staff | May 16, 2021 | Reprints | Print
Long-time tenants say spiraling rents threaten one of the last industrial pockets in Boston’s core. Now the city is considering rezoning for higher-priced uses including life science. Photo courtesy of the BPDA
Boston’s Newmarket neighborhood usually pops up in headlines as the epicenter of the region’s opioid crisis and a steady source of street crime.
In another era, it could be a nightmare scenario for real estate investors. But in 21st century Boston, real estate values defy gravity and displacement pressures spread throughout the city – even in gritty Newmarket. Long-time industrial tenants wonder whether rent hikes will force them to leave and whether the century-old factory buildings and low-slung warehouses will be demolished to make way for biomanu