Boston’s multifamily fundamentals proved resilient throughout 2023, with rent growth ending the year at 3.0%, while the national rate inched up just 0.3%, according to the latest Yardi Matrix Boston multifamily market report. The metro remained one of the country’s tightest rental markets, with the occupancy rate in stabilized properties at 96.5% in November, following a minor 10-basis-point decline over 12 months.
Source: Boston Multifamily Market Report – February 2024 – Yardi Matrix Blog
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