Q225 Boston Multifamily Market Report

Market Overview

In Q2 2025, Boston’s multifamily market continued its strong absorption trend, adding 1,200 units after a robust Q1. High-demand submarkets like 495 South, Somerville/Charlestown, and East Boston/Chelsea drove market momentum. Market rents climbed 2.1 percent year-over-year to reach $2,972 per unit. Vacancy edged down to 6.1 percent—below the national average—and rent growth ranked among the highest nationally, making Boston an increasingly attractive market for investors.

About Matthews

Matthews Real Estate Advisors is a boutique commercial real estate firm known for delivering data-driven, regional market intelligence. Their multifamily market reports provide in-depth analysis of absorption, rents, vacancy, and submarket performance to support strategic decision-making for investors, developers, and owners.