Boston Metro Industrial Figures Q1 2026

After two years of leasing activity being driven by renewals, the overall market experienced a shift towards new leasing activity, creating positive momentum to begin 2026. The overall Greater Boston Metro recorded strong quarterly leasing activity, bolstered by new leases that made up about 63% of the approximately 3.33 million sq. ft. of total transactions. This is on par with the record-breaking 3.50 million sq. ft. of total transactions recorded in Q1 2025. As a result of heightened new leasing activity, especially at new, larger speculative product, the overall market recorded positive net absorption of 808,966 sq. ft., after three consecutive quarters of negative net absorption.