“Two to three years ago, the southeast and the Sun Belt were very lucrative. They had much stronger rent growth. They had the mass migration out of the pandemic,” Colliers Vice President Kendin Carr said.
But now that a surge of new buildings have delivered in those regions, Carr said it is pushing rents down. Meanwhile, the relative lack of new supply in the Greater Boston market has created more opportunities to raise rents and drawn more investor demand.
Source: Out-Of-Town Investors Drive Boston Multifamily Sales To 2-Year High
