Q4-2017-MultifamilyReport

M E T R O

B O S T O N

MARKET RE CAP

UNDER CONSTRUCTION (UNITS)

Q4 NET ABSORPTION (UNITS)

YTD NET ABSORPTION (UNITS)

TOTAL INVENTORY (UNITS)

TOTAL VACANT (UNITS)

TOTAL VACANCY RATE

ASKING RENT ($/SF)

MARKET RATE

Boston Metro

149,991

13,546

5,250

3.5%

282

3,144

$2.39

Providence Metro

26,302

1,298

868

3.3%

44

52

$1.53

Springfield / Worcester Metro

25,391

694

711

2.8%

74

(458)

$1.50

MARKET RATE TOTAL

201,684

15,538

6,829

3.4%

400

2,738

$2.17

TOTAL INVENTORY (UNITS)

AFFORDABLE RATE

Boston Metro

63,594

Providence Metro

24,464

Springfield/Worcester Metro

20,895

AFFORDABLE RATE TOTAL

108,953

MULT I FAMI LY I NVESTMENT TEAM

DAVID N. ROSS Executive Vice President 617.457.3392 dross@naihunneman.com

CARL CHRISTIE Executive Vice President 617.457.3394 cchristie@naihunneman.com

ROBERT TITO Executive Vice President 617.457.3231 rtito@naihunneman.com

DAN MCGEE Assistant Vice President 617.457.3266 dmcgee@naihunneman.com

GINA BARROSO Assistant Vice President 617.457.3261 gbarroso@naihunneman.com

ELLIOTT WHITE Assistant Vice President 617.457.3355 ewhite@naihunneman.com

IAN MCKINLEY Senior Associate 617.457.3404 imckinley@naihunneman.com

HENRY D. LIEBER Assistant Vice President 617.457.3383 hlieber@naihunneman.com

www.naihunneman.com

303 Congress Street Boston, MA 617.457.3400

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