Boston’s industrial market finished the year with positive absorption, marking the eighth straight year of gains. However, 2018 was well off the pace of recent years (and quarters) with 350,000 SF of absorption during the year. Despite this slowdown, the market is poised for continued growth. Tenant demand remains strong, rents continue to set new highs, and the economy remains in expansion mode. In 2018, the North market led Greater Boston with 722,000 SF of absorption, followed by the West, with 563,000 SF. The Urban market was negative (662,000 SF) due to the Necco closure, while the South, the largest market in Greater Boston, fell negative this quarter, ending the year down 275,000 SF.

IndustrialViewpoint_Q4_18image_Page_1

 

btnDownload-red-212x75