Despite record-high industrial space being delivered in 2023, vacancy rates for properties sized 20–99k SF in Boston remained stable
Historical industrial inventory vs vacancy by building size tranche
![](/documents/191207401/196587472/Screen+Shot+2024-02-26+at+3.03.31+PM.png/fc623a55-5e0b-d6bb-f03a-92bbd0a8b6ee?t=1708979636051)
- 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
February 26, 2024
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