CANTON, MA-Softrax renewed its lease for 23,600 sf of office space at 45 Shawmut Rd. The company, which provides revenue management solutions, will continue to use the space as its corporate headquarters.

Lease rates for this deal were not available but the average asking rent for office space in the area is about $20 per sf. The three-story, 66,000 sf office building is located at the intersection of Route 95 and Route 128. Other tenants in the building include Kinkisharyo International LLC and Siemens Business Services.

Sean Teague, principal and Ted Lyon, senior associate of Trammell Crow Co. represented Softrax in this transaction.

Canton’s office market took a hit recently as its overall availability rate shot up from nearly 5% in January to nearly 31% in April, according to Trammell Crow Co.’s most recent statistics. The city’s absorption rate was a negative 282,400 sf in the time period.

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