Boston 3Q 2024 Market Report
Research Multifamily Market Reports Boston 3Q 2024 MARKET SNAPSHOT Boston 3Q 2024 AVERAGE RENT $2,869 3Q 2024 OCCUPANCY RATE 96.2% 3Q 2024 QUARTERLY NET DEMAND 2,630 [YTD: 6,875] YoY RENT CHANGE 3.0% 3Q 2024 YoY OCCUPANCY CHANGE +20 BASIS POINTS QUARTERLY COMPLETIONS 1,445 [YTD: 5,218] KEY TAKEAWAYS Demand in Boston has been on the rise, […]
Boston 3Q 2024
An interactive look into the Multifamily Construction Pipeline in Q3 for Boston, Massachusetts
Boston 2Q 2024 Report
Boston 2Q 2024 Market Report MARKET SNAPSHOT AVERAGE RENT $2,860 2Q 2024 2Q 2024 RENT CHANGE 2.7% OCCUPANCY RATE 96.0% 2Q 2024 ANNUAL OCCUPANCY CHANGE -10 BASIS POINTS QUARTERLY DEMAND 2,191 [YTD: 3,917] QUARTERLY COMPLETIONS 1,923 [YTD: 3,662] KEY TAKEAWAYS The supply-demand dynamic has shifted, with renters absorbing 2,191 units in the second quarter, which […]
Boston 2Q24
An interactive look into the Multifamily Construction Pipeline in Q2 for Boston
Boston Q1 2024 Report
Boston 1Q 2024 Market Report MARKET SNAPSHOT AVERAGE RENT $2,789 1Q 2024 1Q 2024 RENT CHANGE 2.0% OCCUPANCY RATE 95.7% 1Q 2024 ANNUAL OCCUPANCY CHANGE -40 BASIS POINTS TOTAL OPERATING EXPENSE ANNUAL CHANGE 5.8% (FEB 2024) NET OPERATING INCOME ANNUAL CHANGE 5.9% (FEB 2024) * Please note that these employment figures have been adjusted for seasonal […]
Boston 2024 Forecast
Boston 2024 Market Forecast MARKET SNAPSHOT AVERAGE RENT $2,728 4Q 2023 $2,845 4Q 2024 2024 RENT CHANGE 4.3% OCCUPANCY RATE 96.1% 4Q 2023 95.8% 4Q 2024 4Q 2024 OCCUPANCY CHANGE -30 POINTS EMPLOYMENT* 2.87M 2023 2.90M 2024 UNEMPLOYMENT RATE** 2.7% 2023 3.0% 2024 * Please note that these employment figures have been adjusted for seasonal variations and […]
Boston Q3 2023
Boston 3Q23Multifamily Market Report $2,939 average rent 95.6% average occupancy rate $1.8B ytd sales volume 3.2% YoY rent change -0.9 POINTS yoy occupancy change 46 ytd individual transactions Supply & Demand 3Q23 1,325 Units QUARTERLY DEMANDYTD: 2,966 2,263 Units QUARTERLY COMPLETIONSYTD: 5,096 Annual Demand vs Completions 2018 10,075 7,649 2019 7,427 6,132 2020 2,498 9,400 […]
Boston Q2 2023
Boston 2Q23 Multifamily Market Report $2,886 average rent 95.8% average occupancy rate $1.4B ytd sales volume 4.1% YoY rent change -1.3 POINTS yoy occupancy change 38 ytd individual transactions Supply & Demand 2Q23 847 Units QUARTERLY DEMAND YTD: 1,820 1,315 Units QUARTERLY COMPLETIONS YTD: 3,115 Annual Demand vs Completions 2018 10,067 7,649 2019 7,417 6,130 […]
