Boston Metro Industrial Figures Q2 2026

New leasing activity trended in the second quarter of 2026 after two years of leasing volume being driven by renewals. Heightened speculative leasing kept the market stable and demonstrated that demand remains resilient but selective. The overall Greater Boston Metro market recorded strong quarterly leasing activity, bolstered by new leases that made up about 66.9% of the approximately 3.00 million sq. ft. of total transactions. Year-to-date Q2 2026 total transactions reached 6.74 million sq. ft., compared to 7.70 million sq. ft. of total transactions recorded year-to-date Q2 2025. As a result of new leasing activity offsetting tenant space givebacks, especially at larger speculative properties, the overall market recorded positive net absorption of 457,901 sq. ft. Year-to-date net absorption for the overall market culminated at 1,115,020 sq. ft., following three consecutive quarters of negative net absorption in 2025.