{"id":1004161419,"date":"2016-12-12T04:34:44","date_gmt":"2016-12-12T12:34:44","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004161419"},"modified":"2025-02-26T23:31:21","modified_gmt":"2025-02-27T07:31:21","slug":"yardi-matrix-boston-brawn","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/yardi-matrix-boston-brawn\/","title":{"rendered":"Yardi Matrix: Boston Brawn"},"content":{"rendered":"<div id=\"attachment_1004145589\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/06\/Boston_Metro_rent16.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004145589\" data-attachment-id=\"1004145589\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/yardi-matrix-boston-surge\/boston_metro_rent16\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/06\/Boston_Metro_rent16.jpg\" data-orig-size=\"800,400\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Boston rent growth, click image to enlarge\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Boston rent growth, click image to enlarge&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/06\/Boston_Metro_rent16.jpg?w=800\" class=\"size-medium wp-image-1004145589\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/06\/Boston_Metro_rent16.jpg\" alt=\"Boston rent growth\" width=\"300\" height=\"150\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/06\/Boston_Metro_rent16.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/06\/Boston_Metro_rent16.jpg?resize=300,150 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/06\/Boston_Metro_rent16.jpg?resize=768,384 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004145589\" class=\"wp-caption-text\">Boston rent growth, click image to enlarge<\/p><\/div>\n<p>Boston\u2019s multifamily market continued to expand in 2016, especially the in-demand waterfront, although escalating rents have left the metro with an affordability problem. Additionally, the much-anticipated national moderation in rents has caught up with the metro, especially in the luxury Lifestyle segment.<\/p>\n<p>Anchored by a litany of universities, which continue to provide a stream of highly skilled workers, Boston\u2019s economy is thriving. Driven forward by the education and health services, information, research and life sciences sectors, the metro is nonetheless rapidly adding jobs on both ends of the wage spectrum. This has intensified demand across asset classes, although developers continue to favor upscale projects and the antiquated city infrastructure badly needs updating. To address some of those concerns, the Massachusetts Bay Transportation Authority is in the permitting stages for the restoration of a commuter rail line linking the city to the state\u2019s South Coast.<\/p>\n<p>Developers are focusing on upscale projects along the waterfront and in the downtown submarkets, where rents average well above $2,000. As one of the country\u2019s core markets, Boston remains highly liquid, with institutional investors preferring its stability to the higher yields of nearby secondary locales. And the solid job market is driving strong demand, which should translate to a rent uptick of roughly 4.2 percent for 2016.<\/p>\n<p><a href=\"https:\/\/www.yardimatrix.com\/Media\/Downloads\/File\/163-Boston-Fall2016Outlook\" target=\"_blank\" rel=\"noopener\">Read the full Yardi Matrix Report.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The city&#8217;s multifamily market continued to expand in 2016, especially the in-demand waterfront, although escalating rents have left the metro with an affordability problem.<\/p>\n","protected":false},"author":1318,"featured_media":1004161421,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[37769,1490,21808,21742,10,37795],"tags":[],"class_list":["post-1004161419","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-rc-absorption","category-boston","category-featured","category-latest","category-northeast","category-rc-occupancy"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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