The Greater Boston industrial market closed out in 2022 with solid fundamentals despite macroeconomic challenges. Leasing activity ended the year with 1.7 million square feet of positive net absorption, and rents saw a 12.3% increase. Several properties were delivered in Q4, causing overall vacancies to stabilize above 3.0%. Demand for higher quality assets continues to exceed supply, providing long-term stability in the market, according to Newmark’s 4Q22 Boston Industrial Market
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