Despite record-high industrial space being delivered in 2023, vacancy rates for properties sized 20–99k SF in Boston remained stable

• As a result of 9.8 msf of industrial space being delivered in 2023, the Greater Boston industrial vacancy rate experienced a predictable rise due to a slowdown in preleasing. However, properties ranging from 20–99k sf did not see a large uptick in vacancy. 
• Demand for industrial properties ranging from 20-99k square feet has remained strong throughout Greater Boston with a limited amount of new construction in this size range being built to offset demand. 

Source: AVANT by Avison Young, CoStar