Investors have driven the Greater Boston multifamily market to new heights, boosting the price per unit in Q2 to a record $329K per unit, according to data from Real Capital Analytics.
As multifamily investment coaches and mentors, we are often quick to cite the tax advantages of an investment in a multifamily asset, and there are many. But, a slate of proposed tax changes under the new presidential administration could reduce or eliminate some of these advantages. For this reason, it is important that investors increase […]
Boston real estate isn’t always easy to understand. But if you look closely at the data, you start to get a clearer picture. he data right now is telling us that a boom is happening, with houses getting snapped up at a moment’s notice. Below, check out four stats that explain where, when, and how […]
More than 28% of Boston apartment properties with CMBS loans sit at less than 80% occupied, a new Trepp report shows, well above the national average of 4.8%. The vacancy, fueled by a flight to the suburbs and the lack of the city’s typically large student population, has driven rents to drop precipitously in Boston.
The federal ban on residential evictions, scheduled to expire June 30, has been extended for another month. The Centers for Disease Control and Prevention announced Thursday it has signed an extension of the moratorium through July 31, and it said this is intended to be the final extension.
The number of companies looking for downtown Boston office space is at an all-time high, according to a new CBRE report detailing what a researcher calls the first concrete sign of a market rebound following the pandemic downturn.
Boston’s Suburban Developers Enjoying A Paradigm Shift In Demand For Office, Housing. Renters have traditionally moved to Boston’s suburbs because they were forced to in order to find cost savings. Developers now believe tenants are proactively seeking space outside the urban core.
For the investors, the reality of multifamily properties in Central Massachusetts is a growing number of deals at ever-increasing prices. The median price of a two-family home hit $233,750 at the end of 2018, up 38 percent from $169,000 five years earlier.
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