Boston, MA Multifamily Market Report Q3 2025

Market Overview

‍The Boston multifamily market entered Q3 2025 with solid footing, net absorption rose to 2,600 units, the strongest quarter of the year, while vacancy held at 6.2 percent. Average asking rent reached $2,930 per month with annual growth of 1.2 percent. Deliveries of 2,800 units slightly exceeded demand, but ongoing in-migration and a strong economy keep fundamentals broadly favourable. A pipeline of 13,117 units under construction suggests some caution, though demand resilience points to stabilisation rather than downside risk.

‍About Matthews

‍Matthews Real Estate Investment Services is a national advisory and research firm specialising in multifamily investment sales, debt and structured finance. Their Boston Q3 2025 market report blends detailed metro-level data on supply, demand, rent and investment activity to support owners, developers and investors in strategy and timing. To read the full report, click here.