Worcester – Springfield is the 75th largest multifamily market with 48,212 completed units and 6,788 units in development, 983 of which have already broken ground, as of February 2022.
Worcester – Springfield Multifamily Market Summary – February 2022
New lease asking rents are at $1,612, up 10.9%▲
from the previous year placing Worcester –
Springfield at 79th overall in year-over-year
rent growth.
Worcester – Springfield Multifamily Market Summary – January 2022
New lease asking rents are at $1,604, up 11.6%▲
from the previous year placing Worcester –
Springfield at 69th overall in year-over-year
rent growth.
Worcester – Springfield Multifamily Market Summary – December 2021
New lease asking rents are at $1,581, up 10.6%▲
from the previous year placing Worcester –
Springfield at 67th overall in year-over-year
rent growth.
