Chart Of The Week – August 21st 2023

This week we are focusing on Boston, one of the better performing markets thus far in 2023. Looking back over the past two years, Boston’s rent growth and occupancy levels trailed the national average, as the market lagged its peers during COVID and in its immediate aftermath. However, as the rest of the nation has slowed significantly in the past year, Boston has steadied itself and grown while other markets have faltered. Rent growth is among the strongest in the nation, and occupancy is holding its own, near 95%. Stay tuned this week for a more in depth view on the Boston multifamily market including our Boston metro report and a podcast with a local Boston multifamily expert.