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.