Boston industrial market insights

Q2 2026

2.43 msf

Average post-pandemic leasing activity

Leasing demand has remained resilient in Boston following the pandemic-related related leasing and construction boom from 2020 to 2023. Through Q2 2026, average leasing demand is only 14% below the average of those peak years as large distributors and tough tech manufacturing clients continue to invest and commit to Greater Boston’s diverse talent pool and strong metro.
 
1.76 msf

Leasing activity in buildings over 250,000 sf

Leasing demand has remained resilient in Boston following the pandemic-related leasing and construction boom from 2020- 2023. Through Q2 2026, average leasing demand is only 14% below the average of those peak years, as large distributors and touch technology and manufacturing clients continue to invest in and commit to Greater Boston's diverse talent pool and strong metropolitan area.
 
$5.02

Increase in Urban flex strike pricing 2023 vs. 2026 

Urban flex properties posted the strongest increase in strike pricing from 2023 to 2026, rising 20% over the period. While few submarkets experienced both meaningful strike pricing growth and a decline in availability, several others continued to perform well. 128 Flex recorded a 19% increase in strike pricing, while Urban warehouse rents climbed by more than $2 despite availability increasing by only 300 basis points (bp).

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