Boston, MA Multifamily Market Report | MMG Real Estate Advisors | Q1 2026

Market Overview
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Boston's multifamily market continued working through peak supply pressure in Q1 2026, with average effective rents at $2,880, down 0.2% annually, broadly in line with the national average, while occupancy held at 95.1%, one of the highest levels in the nation despite a 60 basis point annual decline. Trailing 12-month deliveries of 9,274 units outpaced absorption of 6,342 units, sustaining lease-up competition, though the construction pipeline is contracting, with trailing 12-month starts down 32% from a year ago and the active pipeline compressing 11%. The near-term setup points to gradual improvement as starts decline and the pipeline continues to contract. NOTE: The full report requires submitting contact information through a download form; the description above reflects publicly visible market snapshot data only.

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About MMG Real Estate Advisors

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MMG Real Estate Advisors is a multifamily investment sales and research firm tracking apartment market fundamentals across the Southeast, Midwest, and beyond. Their Q1 2026 Boston multifamily market snapshot tracks rent, occupancy, absorption, and supply trends to help owners and investors assess market timing. To read the full report, click here.