Boston, MA Multifamily Market Report | Yardi Matrix | Q4 2025

Market Overview

Boston asking rents rose 1.5% year-over-year through September to $2,942, outpacing the national rate of 0.6% by 90 basis points and ranking among the stronger performers in the country. On a trailing three-month basis, rents edged down just 0.1%, a normal seasonal pattern coming out of the late leasing season. Occupancy in stabilized assets held at 96.2% in August, 150 basis points above the U.S. average despite a 40-basis-point slide over 12 months. Developers delivered 4,820 units through September with 14,325 more underway, while starts slowed. Investment reached $2.1 billion through September, anchored by a consistent volume of large Lifestyle asset transactions that has held steady for five consecutive years.

About Yardi Matrix

Yardi Matrix is a national commercial real estate data and analytics firm serving investors, developers, and property managers across asset classes. Their Boston November 2025 multifamily market report covers asking rents, occupancy, construction pipeline activity, and investment volume to help owners and investors assess market conditions. To read the full report, click here.