Boston Multifamily Market Report
By CREhunt Research · Data through Q1 2026 · Aggregated from Matthews, Colliers, Northmarq
Quarterly multifamily market indicators for Boston, aggregated by CREhunt from Matthews, Colliers, Northmarq. As of Q1 2026, average asking rent was $2,990.00/unit/mo, per Matthews.
Projected current multifamily pricing — Boston
Projected asking rent
$2,966/unit/mo
Estimated sale value
$337,173–$421,466/unit
Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q1 2026 multiple brokerages data (cap rate 5.0%, asking rent held flat). Assumes ~92% occupancy (vacancy not reported) and a 52–65% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2026 Matthews | $2,990.00/unit/mo | — | 3K SF | — | Matthews |
| Q1 2026 Colliers | — | 7.8% | — | — | Colliers |
| Q4 2025 Matthews | $2,964.00/unit/mo | 6.2% | — | — | Matthews |
| Q3 2025 Northmarq | — | 4.4% | — | — | Northmarq |
| Q3 2023 Colliers | — | 7.8% | 7K SF | — | Colliers |
| Q2 2022 Matthews | — | — | — | — | Matthews |
| Q3 2020 Colliers | $2,846.00/unit/mo | — | — | — | Colliers |
Frequently asked questions
- What is the average asking rent for multifamily space in Boston?
- As of Q1 2026, the average asking rent for multifamily space in Boston was $2,990.00/unit/mo, per Matthews.
- What is the multifamily vacancy rate in Boston?
- Vacancy data for Boston multifamily is aggregated from brokerage reports; refer to the quarterly table for available quarters.
- Where does CREhunt's Boston market data come from?
- This report aggregates quarterly multifamily market data for Boston from Matthews, Colliers, Northmarq.
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