The Greater Boston industrial market had another incredible quarter in Q4 2020, recording 1,343,175 sq. ft. of positive absorption. This growth caps one of the best years in history for the market, which saw a total of 3,996,297 sq. ft. of positive absorption in 2020. The availability rate plummeted by 120 basis points (bps) quarter-over-quarter to 6.8%, while the vacancy rate dropped by 100 bps quarter-over-quarter to 3.8%. The lack of quality supply, coupled with insatiable demand for industrial space, continues to put pressure on asking rents, with the overall Greater Boston industrial market finishing the quarter at $10.07 per sq. ft. triple-net (NNN).