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Boston Multifamily Fundamentals Hold Strong in 2026
The Boston metro area is expected to add 6,000 jobs in 2026 — the largest annual job increase since 2023 — according to a report by Marcus & Millichap. At the same time, new apartment deliveries are projected to total just 5,000 units, marking the region’s slowest inventory growth rate since 2013. Despite this limited supply, the average effective rent is forecasted to reach $3,170 per month, placing Boston among the highest-rent markets in the nation.
“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 and Market Leader for New England at Marcus & Millichap.
Buyer interest remains concentrated in core urban assets and in areas along commuter rail corridors. Submarkets such as Lynn, Salem, and Beverly are seeing increased activity, driven by low vacancy rates and competitive pricing.
“Commuter rail submarkets like Lynn and Salem continue to draw attention, fueled by infrastructure access and competitive pricing,” added Shihadeh. “Policy changes like the MBTA Communities Act are also opening up new development channels in select first-ring suburbs.”
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