Boston Multifamily Market Report

Balanced growth keeps rental landscape steady — for now. Apartment completions in Boston have been elevated over the past decade, averaging nearly twice the annual deliveries seen between 2005 and 2014 — a trend expected to continue with this year’s pipeline. Yet steady job growth has supported rising rents and stable vacancy, painting a positive outlook for the multifamily market. This seeming balance, however, could be at risk amid broader economic uncertainty. Boston’s economy relies heavily on the government, health care and education sectors — all of which have faced pressure from recent federal policy shifts. If apartment demand softens, sustained supply pressure could reshape the market.