Matrix Multifamily Boston Report-February 2025 March 05, 2025

Boston Rentals Heat Up

While on a T3 basis Boston's advertised asking rents fell 0.7 percent to $2,836, on a YoY basis the rate was up 1.2 percent, double the 0.6 percent national average. Scarce inventory expansion sustained occupancy, up 10 bps YoY to 96.5 percent in November.