Boston Multifamily Blog
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Boston Multifamily is the premier platform for a wide range of resources, tools, and advisory services for multifamily and mixed-use apartment building investors, and developers of land, in the Greater Boston area of Massachusetts. Their blog provides information on topics like multi-family apartment marketing and brokerage services in Boston. The blog covers a variety of topics, including..
Boston Multifamily Blog
3d ago
The town of Brookline is launching an effort to rezone its land on a half-mile of Route 9 from Hammond Pond Parkway to Dunster Road. Most of the property sits on the southern side of the heavily trafficked roadway, though a sliver is on the other side, not far from the Chestnut Hill Green Line ..read more
Boston Multifamily Blog
5d ago
Nearly everyone agrees the vast former Army base at Devens would be a perfect place to build more housing, in a region that desperately needs it. Figuring out how and where to do it? That’s another story entirely. The military base-turned-industrial park, about an hour’s drive northwest of Boston, still has dozens — if not ..read more
Boston Multifamily Blog
1w ago
EVEN AS SHE TAKES Milton to court for flouting the MBTA Communities zoning law, Attorney General Andrea Campbell would like to tamp down murmurings that a rebellion is on its way. Though Campbell and housing advocates publicly consider Milton to be anomalous in rejecting a sweeping housing law requiring multifamily zoning near public transit, the attorney ..read more
Boston Multifamily Blog
1w ago
Continued apartment rent growth is helping deter the Federal Reserve from cutting interest rates, driving up inflation at a time when the Fed is seeking signs of a cooldown. Shelter inflation, the government’s measure of home and apartment rents, rose 5.7% in March from a year prior, The Wall Street Journal reported. This is notably higher than the average shelter inflation rate ..read more
Boston Multifamily Blog
2w ago
Just about everyone agrees on the need for more affordable housing in Watertown. It’s one of the biggest challenges faced by our neighbors today. Families can’t find space to grow, older residents can’t downsize, working- and middle-class families are being forced out. There isn’t enough housing overall — but, in particular, there isn’t nearly enough ..read more
Boston Multifamily Blog
2w ago
Multifamily investment sharply dropped in 2023, after two years of outstanding performance. The high cost of capital led to a pause in activity across the U.S., seriously denting sales volumes. In this context, we’re taking a look at what the top markets for multifamily investment were last year, leveraging Yardi Matrix data. 6. Boston ..read more
Boston Multifamily Blog
2w ago
Cities use cash accounting. They have literally hit the infrastructure iceberg and don’t know it because they have not accounted for any of it. Not even asked the question. They’ll talk about pensions and firefighter settlements because that hits their cash right now—that is the thing creating immediate pain—but it is their insolvent development pattern ..read more
Boston Multifamily Blog
3w ago
Two prime pieces of Boston commercial real estate went for bargain basement prices in the past couple weeks. A handsome building that takes up a city block at 179 Lincoln St. was acquired by the real estate firm Synergy, the Boston Business Journal reported, by assuming a $76.5 million mortgage on the property. That same ..read more
Boston Multifamily Blog
3w ago
Is Greater Boston’s rental market getting more competitive? A new RentCafe report says yes, even though fewer renters are competing for apartments. The apartment search website reported that the share of newly-built apartments in Greater Boston has dropped from a market share of 0.54% to 0.19%, meaning there’s fewer new-builds available. But, eight renters—down from ..read more
Boston Multifamily Blog
3w ago
People need to abandon the fantasy that blocking market-rate housing can drive rich people out of town. It cannot. All it can do is to make life more unaffordable for everyone. Yes, your city needs to build more market-rate housing in order to become more affordable. So build more of it. Source: Market-rate housing will ..read more