Boston Real Estate Investors Association

Yardi Says Steady Absorption is Boosting Multifamily Rents

Yardi Reports that Consistent Absorption is Driving Up Multifamily Rental Rates

The latest Yardi Matrix Multifamily Report reveals that the average U.S. multifamily rent in April 2024 was $1,725. Yardi notes that multifamily rents have increased for the second consecutive month, attributing this trend to robust demand in the market. According to Yardi, although rent growth is moderate, there are several positive indicators in the data. […]

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Yardi Says Multifamily Remains Robust Despite Challenges

Yardi Asserts Multifamily Sector’s Strength Amidst Obstacles

News / Boston REIA

According to the latest Yardi Matrix Multifamily Report, the average rent for multifamily properties in the United States was $1,722 in September 2023. Despite challenges such as rising energy costs and higher interest rates, the market remains strong overall due to strong job growth and household formation. However, there are concerns about the potential impact

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CBRE Arranges $182 Million Sale of 294-Unit Multifamily Complex “Hanover North Cambridge” in Cambridge, MA

CBRE Facilitates $182 Million Sale of 294-Unit Multifamily Complex, “Hanover North Cambridge,” in Cambridge, MA

News / Boston REIA

Boston – CBRE announced the completion of the $182 million sale of Hanover North Cambridge, a 294-unit luxury apartment complex located adjacent to the MBTA Alewife Station in Cambridge, MA. Completed in 2022, the newly developed residential community was acquired by a fund advised by Goldman Sachs Asset Management from The Hanover Company and its

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