Boston industrial market insights
Q3 2024
Industrial and flex leasing activity in Q3 2024
Greater Boston’s aggregate leasing activity has normalized since the end of 2022. Occupier demand has softened following the COVID boom, leading to a period of stabilization in the industrial/flex leasing market.
Of industrial/flex space delivered in Q3 2024 has been leased
In Q3 2024, Greater Boston saw the delivery of six industrial/flex properties, one of which was fully leased, equating to 16% of the total space delivered that quarter. A growing trend in Greater Boston is that recently delivered space is taking more time to lease up, as a high concentration of availability lies in space delivered from 2020 onward.
Availability rate in facilities sized between 20-99k sf
Industrial and flex facilities in Greater Boston between 20-99k sf remain in high demand, posting the only single-digit availability rate across all size tranches. These properties continue to prove themselves as the lifeblood of the market, with availability seeing only a slight increase since the end of 2023.
Your source for the latest Boston office market reports
Get in-depth office market reports and insights from commercial real estate experts in the Greater Boston area. Avison Young advisors look at Boston commercial real estate activities and the latest Boston statistics to provide you expert market research on Boston's office properties.
Explore different topics like the latest office market pricing trends and analysis of Boston's current office real estate market conditions. Gain a better understanding of Boston’s office real estate outlook and stay ahead of current office space trends. Make smart decisions when it comes to investing in office properties in Boston's competitive office real estate market. Avison Young is your trusted source for commercial real estate office market insights in Boston.
The dashboard was delivered through AVANT by Avison Young: leveraging real-time data and analytics to make cities and location-based decisions more transparent and efficient. Learn more about AVANT.