Demand continues to outpace supply, with trailing 12-month absorption of 8,795 units exceeding 7,441 units delivered, supporting occupancy at a nationally top-tier 95.6%.
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The construction pipeline is past peak, with trailing 12-month starts declining to 6,397 units from 7,584 a year ago while 14,218 units remain under construction (4.7% of inventory).
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Rents have turned a corner, reaching $2,902 per unit with 0.5% annual growth, a shift that comes as construction starts pull back sharply and the forward pipeline continues to thin.
Boston is entering a more balanced chapter after several years of heavy construction. The supply cycle is past peak, with construction starts declining...
