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High-Bay Flex Industrial Complex
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40-88 Crescent St, Worcester, MA 01605

Large-scale industrial space combines high-bay warehousing, manufacturing areas, and office space.

Space Size251,202 SF
Days on Market87

Property Features for 40-88 Crescent St

General Information

Standard status Active
Size 251,202 SF
Property subtype INDUSTRIAL
Lease Type NNN

Spaces For Lease

at 40-88 Crescent St Contact us

40 - 88 Crescent St $10/SF/Yr

Floor
Bldg
Size
251,202 SF
Type
INDUSTRIAL
Lease Type
NNN
Availability
AVAILABLE, Now
Sublease
No
- Kelleher & Sadowsky Associates is pleased to introduce 40 Crescent Street in Worcester,...
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Listing Agency: Cushman & Wakefield | Boston
Listed By: Rachel Igoe
Source: Moodyscre
Added: Jun 10 Changed: Sep 2 Last Checked: Sep 2 at 6:55PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cushman & Wakefield | Boston

Investment Insights

Based on property information with market context.

This flex industrial complex provides approximately 251,202 square feet across high-bay warehouse, manufacturing, and office areas. The varied configuration supports a range of industrial and operational functions within one substantial facility.

Located at 40-88 Crescent Street in Worcester, Massachusetts, the property is available for rent. The complex was formerly occupied by Primetals Technologies, a global metal-industry company.

Key Highlights

  • Approximately 251,202 square feet of industrial space
  • High‑bay warehouse areas within a flex‑space complex
  • Combination of warehouse, manufacturing, and office space

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Auto Parts Store (Bike/Boat/Book/etc) Store Nail Salon Veterinary Clinic Electrical Service Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$1.50 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,685
Businesses Nearby
Under-served
Demand for This Use

Demographics for 01605, MA

29,218
Population
12,757
Households
2.3
Avg Household Size
35
Median Age
32%
College-Educated
87%
High-School Grad
5.7 sq mi
ZIP Area
5,126
Density / Sq Mi
$54,805
Median Household Income
$41,236
Median Earnings
$1,362
Median Rent
$349,800
Median Home Value

Market

Lease Benchmarks for Worcester, MA

$12.33 /SF/Yr
Avg Asking Price
$9–$19 /SF/Yr
Price Range
27,652 SF
Avg Space Size

This space is priced 19% below the average of $12.33 /SF/Yr.

Vacancy Rate% for Industrial in Northeast region

5.4% 2019
4.6% 2020
3.2% 2021
3.3% 2022
5.3% 2023
6.6% 2024
7.6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Flex space - Large-scale industrial space combines high-bay warehousing, manufacturing areas, and office space.
Where is this flex space located?
The property is located at 40-88 Crescent St Worcester, MA.
What is the lease rate?
The lease rate is $10 SF/Yr.
What are key features of this property?
This property features: Approximately 251,202 square feet of industrial space; High‑bay warehouse areas within a flex‑space complex; Combination of warehouse, manufacturing, and office space
(617) 279-4547 Call to check price and availability
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