Redfin | Rents for New Apartments Drop 6% to Lowest Level Since 2022

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    — Boston Multifamily Real Estate Investment and Development. The premier platform for a wide range of resources, tools, and advisory services for multifamily and mixed-use apartment building investors, and developers of land, in the Greater Boston area of Massachusetts.

    Oct 2, 2024

    Asking rents for newly constructed apartments fell to $1,746 in the second quarter, down 6.2% from a year earlier to the lowest level in more than two years.It was the second consecutive quarter that rents for newly built apartments posted an annual decline and the second-steepest drop in the past five years—trailing only this year’s first quarter, when rents fell 7.5%.

    Source: Rents for New Apartments Drop 6% to Lowest Level Since 2022

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    Boston Multifamily

    Boston Multifamily is the premier platform for a wide range of resources, tools, and advisory services for multifamily and mixed-use apartment building investors, and developers of land, in the Greater Boston area of Massachusetts.

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    (617) 678-0246

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