Matrix Multifamily Boston Report-November 2024

Fundamentals Soften in Boston

Advertised asking rents in Boston were down 0.2 percent on a T3 basis, to $2,901, 20 bps below the flat national rate. Asset prices also trended downward, to $405,304 per unit; however, that was still significantly above the $188,379 U.S. rate.

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