The current pace of apartment construction in Greater Boston trails all major U.S. markets except for New York City and Los Angeles, while rents rose 3.1 percent in the past year.
A recent report by brokerage Colliers said apartment construction in Greater Boston declined 20 percent in the past year, with fewer than 15,000 units currently under way.
Source: Greater Boston Apartment Deliveries Lag U.S. – Banker & Tradesman