Matrix Multifamily Boston Report-Summer 2021 June 23, 2021

Boston shows bounce

Boston’s rent performance turned positive, up by 0.4% on a trailing three-month basis through April to $2,258. However, jobs are down by 9.3% year-over-year through March and will need to pick up to maintain rent recovery. Meanwhile, multifamily development has surged and transactions are on the upswing.