Boston Leads Nation in Rent Increases
In contrast to other high-priced coastal metros, Greater Boston’s larger multifamily buildings remain immune to relief from continuing apartment rent increases heading into the spring market.
Report Tracks Uptick in Apartment Vacancies, Rent Moderation
A new report indicates that Greater Boston’s normally resilient apartment market is facing headwinds from the economic slowdown, with vacancies rising and rent growth deaccelerating.
Luxury Apartment Landlords Report Big Rent Increases
A pair of publicly-traded apartment landlords reported big rent gains at their Boston-area properties, while a national research report said rent growth is slowing after 18 months of record-breaking increases.
New Brighton Apartment Complex Sold for $145M
A private equity firm has paid $145 million to acquire a newly-completed apartment complex on Soldiers Field Road in Brighton.
Big Apartment Landlord Reports Double-Digit Rent Increases
One of Greater Boston’s biggest apartment landlords said average rents have risen by double-digits in the past year, with “robust pricing power” driving increases earlier in the year than usual.
Big Apartment Landlords Report More Rent Increases
Two publicly-traded apartment landlords reported big rent increases in their New England portfolios amid a recovery of the multifamily market.
Downtown Apartment Rents Took Biggest Hits in 2020
Apartment rents dropped by double digits in many high-priced Boston neighborhoods in 2020 amid a rate war as tenants opted for suburban locations for savings, according to a new report.
Pandemic Batters Boston Properties Earnings
Boston Properties’ fourth-quarter financial performance took a hit from the pandemic, including lingering sluggish office leasing across the U.S. and declining rents at high-end apartment buildings in Boston and Cambridge.
Renters Shopping for Deals Within Cities as Concessions Increase
Apartment landlord Equity Residential is increasing its concessions to renters in Boston and other high-priced coastal markets that have been the most severely-impacted by the pandemic, executives said.
Alyx Tower Offering Move-in Incentives in Seaport
The newest residential building at Boston’s EchelonSeaport includes 270 apartments with studios starting at $2,400 – and offers for up to two months free rent.
Boston Rents Decline As Secondary Markets Post Gains
Boston is the third-hardest-hit apartment market in the U.S. while secondary markets such as Portland, Maine have seen recent rent gains, according to a new report.
College Return Uncertainties Affect Apartment Leasing
Uncertainty about international college students’ return to Boston and cutbacks by corporate extended-stay providers have pushed up vacancies in the portfolio of one of the city’s largest apartment landlords.
Apartment Developer Sees Biggest Rent Drops in Boston Area
Multifamily developer Equity Residential said rents at its Boston-area properties have registered the steepest declines across its national portfolio since Jan. 1.
Report Predicts Steep Office, Retail Rent Drops
Office rents are expected to decline by 14.3 percent in Greater Boston while retail rents drop 9.7 percent in 2020 as the two property sectors absorb the effects of the COVID-19 pandemic, according to a research report.
Apartment Rents Could Decline for Two Years, Analysis Says
Apartment rents will drop 6.7 percent nationwide from their 2019 peak because of economic turmoil related to COVID-19 and not recover until mid-2022, according to a CBRE Econometric Advisors analysis.
As Rent Payments Dip, Apartment Landlords Seek Assistance Fund
Two national organizations that represent apartment landlords are asking lawmakers for a new stimulus package aimed directly at households struggling to pay the rent because of the economic effects of the COVID-19 epidemic.
Boston Mayor Wants to Study Apartment Broker Fees
Hot on the heels of a New York City law to ban broker fees in apartment rentals, Boston Mayor Marty Walsh says he intends to do the same thing.
Boston Remains Popular for Relocating Renters, Despite Costs
Apartment rents in Greater Boston rose another 3.6 percent during 2019 and the region remains one of the top U.S. destinations for transplants, according to a pair of industry reports.
