The Business Journals | Apartment rents fall, concessions rise in som rental markets

    Apartments | BJJ | Concessions | Rents

    — 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.

    Aug 16, 2024

    Rental rates on some apartment types slipped in July compared to the same time a year prior, the first time that’s occurred since June 2020 — the height of the Covid-19 pandemic.

    Median asking rents for studios and one-bedroom apartments fell 0.1%, two-bedroom apartments fell 0.3% and units with three or more bedrooms fell 2.4% between July 2023 and July 2024, according to Redfin Corp. (Nasdaq: RDFN).

    All unit types tracked by the real estate technology company are down at least $50 from the rental-rate highs seen in recent years.

    Source: Apartment rents fall, concessions rise in some rental-housing markets – The Business Journals

    Boston Multifamily Provides Professional Multi-Family Apartment Marketing and Brokering Services

    We specialize in representing buyers and sellers of multi-family and mixed-use properties and buildable land throughout the Metro Boston area, providing effective strategies to maximize asset values for both private capital and institutional investors.

    Contact Us
    boston multifamily logo colliers logo

    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.

    Phone

    (617) 678-0246

    Pin It on Pinterest