Industrial & flex availability concentrated in newer, recently delivered facilities in Greater Boston

Throughout Q4 2024, industrial & flex space delivered in the 2010’s and 2020’s has recorded an availability rate of 25.2%, indicating recently delivered space is struggling to lease up.
Due to a slow-down in leasing activity, particularly across large block warehouse and distribution space, many developers are hesitant to start new projects until demand strengthens.
With the political uncertainty being mitigated with the conclusion of the election and the prospect of the Federal Reserve continuing to place downward pressure on interest rates, demand for industrial and flex product is expected to increase in the first half of 2025.

November 13, 2024

US-MA-BOS Boston