After ending 2017 with almost 3.0 million sq. ft. of positive absorption, the Greater Boston Industrial market is off to a slower start with 600,000 sq. ft. of negative absorption in the first quarter. The negative growth is largely due to several large blocks finally hitting the market coupled with transactions that had not crossed the finish line in the first quarter; the negative growth is not due to wavering activity levels. Overall availability and vacancy ended the quarter at 10.1% and 6.3%, respectively, with average asking rents increasing to $8.77 per sq. ft., largely driven by the inner core markets.