Q125 | Multifamily Market Report | Boston, MA

Market Overview

Boston’s multifamily market continued its upward trajectory through Q2 2025, with over 1,800 units absorbed so far. That performance is driven by strong population growth and a steady influx of renters, attracted by the city’s economic and academic opportunities. Vacancy remains tight at 5.8%, outperforming the national average, and rent growth sits at 2.5%. While construction has moderated slightly, more than 15,000 units are still underway—especially in submarkets like Everett, Malden, and Somerville. With increasing demand for lower-tier properties, developers are shifting to meet renter needs in the more affordable segments of the market.

About Matthews

Matthews Real Estate Investment Services™ is a full-service commercial real estate firm known for delivering advisory and investment solutions across the U.S. The company provides in-depth market reports, offering data-backed insights and localized expertise across multifamily, retail, and industrial asset classes. Their research blends macroeconomic context with granular performance metrics—making it a valuable resource for investors, developers, and operators looking to understand current market shifts and capital market trends. Their reports often feature transaction analysis, construction data, and lending updates that are relevant for today’s shifting investment climate.