Boston Multifamily Market Report
By CREhunt Research · Data through Q1 2026 · Aggregated from , , Colliers, , Cushman & Wakefield
Quarterly multifamily market indicators for Boston, aggregated by CREhunt from , , Colliers, , Cushman & Wakefield. As of Q1 2026, average asking rent was — with a 5.9% vacancy rate.
Projected current multifamily pricing — Boston
Projected asking rent
$1,217/unit/mo
Estimated sale value
$139,731–$174,664/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 | — | 5.9% | — | — | |
| Q1 2026 | $1217.00/SF | 8.9% | 1K SF | — | |
| Q1 2026 | — | 7.8% | — | — | Colliers |
| Q4 2025 | — | 6.4% | 10K SF | — | |
| Q3 2023 | — | 7.8% | — | — | Colliers |
| Q3 2023 | $1558.00/SF | 11.8% | 0K SF | — | |
| Q3 2023 | — | — | 2K SF | — | Cushman & Wakefield |
| Q3 2020 | — | 7.8% | — | — | Colliers |
| Q3 2019 | $1646.00/SF | 11.2% | 22K SF | — | |
| Q2 2018 | $2018.00/SF | 4.1% | 1K SF | — |
Frequently asked questions
- What is the average asking rent for multifamily space in Boston?
- CREhunt aggregates multifamily asking-rent data for Boston from major brokerage market reports; see the quarterly table for the latest available figures.
- What is the multifamily vacancy rate in Boston?
- The multifamily vacancy rate in Boston was 5.9% as of Q1 2026.
- Where does CREhunt's Boston market data come from?
- This report aggregates quarterly multifamily market data for Boston from Colliers, Cushman & Wakefield.
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