Boston Industrial Market Report
By CREhunt Research · Data through Q2 2026 · Aggregated from Newmark, Avison Young, CBRE, Colliers, JLL, Cushman & Wakefield, Savills
Quarterly industrial market indicators for Boston, aggregated by CREhunt from Newmark, Avison Young, CBRE, Colliers, JLL, Cushman & Wakefield, Savills. As of Q2 2026, average asking rent was $17.72/SF/yr and vacancy was 11.5%, per Newmark.
Projected current industrial pricing — Boston
Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q2 2026 Newmark data (cap rate 5.5%, asking rent trend-adjusted to today). Assumes ~89% occupancy and a 72–88% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q2 2026 Newmark | $17.72/SF/yr | 11.5% | -2.3M SF | — | Newmark |
| Q1 2026 Newmark | $16.93/SF/yr | 10.8% | -567K SF | — | Newmark |
| Q1 2026 Avison Young | $15.13/SF/yr | 10.1% | — | — | Avison Young |
| Q1 2026 CBRE | $14.51/SF/yr | 7.1% | — | — | CBRE |
| Q1 2026 CBRE | — | 7.0% | 36 SF | — | CBRE |
| Q1 2026 Colliers | — | 7.2% | 2K SF | — | Colliers |
| Q1 2026 JLL | $15.21/SF/yr | 8.1% | 1.3M SF | — | JLL |
| Q1 2026 Cushman & Wakefield | $15.42/SF/yr | 11.6% | -255K SF | — | Cushman & Wakefield |
| Q4 2025 Savills | — | — | -940K SF | — | Savills |
| Q4 2025 Cushman & Wakefield | $14.62/SF/yr | 10.8% | — | — | Cushman & Wakefield |
| Q4 2025 Newmark | $15.69/SF/yr | 9.6% | — | 1.0M SF | Newmark |
| Q3 2025 Savills | — | — | 219K SF | — | Savills |
| Q3 2025 Cushman & Wakefield | $14.58/SF/yr | 10.9% | -629K SF | 400K SF | Cushman & Wakefield |
| Q2 2025 Savills | — | 8.1% | — | — | Savills |
| Q1 2025 Newmark | $16.64/SF/yr | 8.8% | — | 1.0M SF | Newmark |
| Q1 2025 Cushman & Wakefield | $14.80/SF/yr | 10.3% | -493K SF | — | Cushman & Wakefield |
| Q4 2024 Newmark | $16.31/SF/yr | 8.2% | — | — | Newmark |
| Q2 2024 Cushman & Wakefield | $16.93/SF/yr | 7.9% | 2K SF | — | Cushman & Wakefield |
| Q4 2023 Newmark | $15.77/SF/yr | 5.9% | — | — | Newmark |
| Q3 2023 Newmark | $15.69/SF/yr | 5.5% | 100K SF | — | Newmark |
| Q4 2020 Cushman & Wakefield | $9.02/SF/yr | 4.4% | — | 2K SF | Cushman & Wakefield |
| Q4 2020 Newmark | $9.60/SF/yr | 5.6% | 1.4M SF | — | Newmark |
| Q3 2020 Colliers | — | 7.5% | 2K SF | — | Colliers |
| Q3 2020 Cushman & Wakefield | $11.48/SF/yr | 4.7% | 620K SF | 80 SF | Cushman & Wakefield |
Industrial asking rents by submarket
The newest asking rent a named brokerage's report published for each Boston industrial submarket, with its publisher and quarter. Submarkets whose newest figure cannot be attributed, or falls outside a plausible range, are left out.
| Submarket | Asking rent | Source |
|---|---|---|
| 128 Central | $25.34/SF/yr Cushman & Wakefield · Q1 2026 | Cushman & Wakefield, Q1 2026 |
| 495 West | $12.78/SF/yr Cushman & Wakefield · Q1 2026 | Cushman & Wakefield, Q1 2026 |
| Framingham/Natick | $6.26/SF/yr Cushman & Wakefield · Q1 2026 | Cushman & Wakefield, Q1 2026 |
| Urban West | $25.00/SF/yr Cushman & Wakefield · Q1 2026 | Cushman & Wakefield, Q1 2026 |
| Worcester | $9.03/SF/yr Cushman & Wakefield · Q1 2026 | Cushman & Wakefield, Q1 2026 |
Frequently asked questions
- What is the average asking rent for industrial space in Boston?
- As of Q2 2026, the average asking rent for industrial space in Boston was $17.72/SF/yr, per Newmark.
- What is the industrial vacancy rate in Boston?
- The industrial vacancy rate in Boston was 11.5% as of Q2 2026 (Newmark).
- Where does CREhunt's Boston market data come from?
- This report aggregates quarterly industrial market data for Boston from Newmark, Avison Young, CBRE, Colliers, JLL, Cushman & Wakefield, Savills.