News & Press

Beacon Communities named to the Multi Housing News list of “Top 10 Boston Apartment Owners”

February 13, 2018

Demand for Boston multifamily properties has increased throughout 2017, as the city consolidated its reputation as a life science, tech and academic hub. The latest available Yardi Matrix Boston multifamily report shows that rent growth was slightly under the national rate at the end of the fourth quarter, due to strong absorption in the second half of the year. Despite the increase, housing remained affordable compared to other major U.S. cities. The gap is expected to narrow further in 2018 as developers are increasingly focused on bringing a larger number of high-end properties to the area.

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