The Great Industrial Supply-Demand Imbalance in Boston

The Greater Boston industrial market has quickly become one of the strongest markets in the country, driven by seemingly insatiable, diverse demand, and a unique lack of existing supply and developable land. For the first time in history, the Greater Boston industrial market hit sub-2.0% vacancy at the close of Q3. Vacancy is on pace to compress even further into 2022, heading quickly towards sub-1.0%, as tenant demand has surged to more than double the current and under-construction stock for the next 18 to 24 months.