Real Estate Is in for a Rough Ride

A progressive backlash against New York’s powerful real estate industry could provide a preview of things to come here in Massachusetts, where activists are increasingly turning their wrath on developers and landlords.

Rents Begin To Move Again In Boston CBD

Despite strong market fundamentals in 2016, the central business district recorded four consecutive quarters of relatively flat rent growth. But in Q1 of 2017, historically the coldest and quietest quarter for Boston, the market sprouted back to life.

Multifamily Rents Continue To Grow Through January

Average U.S. monthly rents rose by $5 in January, demonstrating strength to start the year after a seasonal flattening at the end of 2016. Rents increased to $1,315, according to Yardi Matrix’s monthly survey of 124 markets. On a year-over-year basis, rents were up 4.6 percent nationwide in January, a 30-basis-point increase from December, though still 240 basis points below the recent high of 7 percent in January 2016.