Boston Multifamily Fundamentals Hold Strong in 2026

Boston Multifamily Fundamentals Hold Strong in 2026
News| January 26, 2026| Paul Bubny
Boston & New England + Apartment Buildings

The Boston metro area is projected to add 6,000 jobs in 2026, the largest annual increase since 2023, Marcus & Millichap reported. At the same time, deliveries of new apartments are expected to total 5,000 units this year, marking Boston’s slowest inventory growth rate since 2013, while the average effective rent of $3,170 per month wil be among the highest in the U.S.

“Despite a slower pace of rent growth, Boston’s fundamentals remain strong, with housing demand supported by affordability constraints and historically limited new supply,” said Thomas Shihadeh, managing director, market leader, New England. 

Buyer interest remains focused on core urban assets and commuter rail corridors, according to Marcus & Millichap. Activity is expected in submarkets like Lynn, Salem, and Beverly, where vacancy is low and pricing remains competitive. 

“Commuter rail submarkets like Lynn and Salem continue to draw attention, fueled by infrastructure access and competitive pricing,” said Shihadeh. “Policy changes like the MBTA Communities Act are also opening up new development channels in select first-ring suburbs.” 

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