Boston Industrial MarketBeat Q1 2026

Boston's industrial market recorded an 11.6% vacancy rate in Q1 2026, up 60 basis points from the prior quarter and 130 basis points year-over-year, with the North and South submarkets experiencing the largest increases while three warehouse/distribution projects totaling 972,000 square feet delivered in the quarter. New leasing activity surged to over 2.0 million square feet—the highest quarterly volume since Q3 2022—and direct average asking rents increased $0.86 per square foot to $15.42 psf, marking a three-year high largely driven by the North market commanding $19.62 psf.