East Boston’s Multifamily Market is Booming! 🚀The Greater Boston multifamily real estate market is seeing a concentrated surge of new inventory in East Boston, signaling strong developer confidence and a rapid densification of the area. This influx of units will significantly impact rental supply and dynamics in a key transit-accessible submarket.
Key highlights from the latest development cluster:
- 41-Unit Launch: Construction is underway for a new five-story, 41-unit apartment building at 9 McKay Pl., which will also include a 2,200 sq. ft. public park and commercial space. 🏗️
- Inventory Surge: This project joins a wave of activity, including a 170-unit development, a 94-unit approved project, and over 100 other units underway or proposed. This concentrated wave adds hundreds of units to the regional housing supply. 📈
This rapid development cements East Boston as a critical component of the entire Boston rental landscape, offering more options for residents and a major focus for investors.
#BostonRealEstate #Multifamily #EastBoston #CRE #Development
Source: East Boston Sees Flurry of New Apartment Projects – Connect CRE
