The Boston industrial market started 2019 on the right foot. The first quarter saw 652,000 SF of absorption and a healthy vacancy rate of 10.5%. This strong showing speaks to the overall health of the region’s economy and the lasting demand for new and existing inventory. Up $2/SF in 2 years, rents have grown by 28.3% in the industrial market since the first quarter of 2017. With the tight urban market and sustained construction in the suburban markets pairing with more varied sources of demand, healthy rent growth, and continued construction activity, the first quarter sets the stage for the industrial market to perform well in 2019.