Across the Greater Boston region, average asking rents of $3.80 per square foot represent an 11 percent increase over those that opened in mid-2023, according to commercial brokerage Colliers.
Stocks in companies that own apartment buildings are holding up better than most other real estate investment trusts, as a tough U.S. housing market keeps demand for rental housing healthy and tenant turnover low.
Apartment construction activity in Greater Boston hit a decade-long low and asking rents set another record in the first quarter.
