Boston’s multifamily market was solid at the start of the new leasing season, with fundamentals steady despite sluggish job growth. Average advertised asking rents rebounded in the short term, up 0.6 percent on a trailing three-month basis through April, to $2,924. Year-over-year growth was 1.8 percent, double the 0.9 percent U.S. rate. Meanwhile, the overall occupancy rate in stabilized properties remained strong, at 96.1 percent in March.
Source: Boston Multifamily Report – June 2025 – Multi-Housing News