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      Update on Boston's Multi-Family Market - 2015 Year-End

      What area of Boston is best to invest in?  That is a question we get asked a lot.  We are still compiling and analyzing data for our annual investment property report, which provides a comprehensive multi-family analysis.  If you would like to receive that report once it is available, please email Eric Shabshelowitz, our VP of Commercial RE.  In the meantime, here are some initial observations:

      Multi-family prices in Boston have gone up substantially in the past 4 years. In the chart below, the low in April 2012 was $131 and the high in September 2015 was $259. Put another way, the average sale price per square foot in Boston has essentially DOUBLED in the past 48 months.
       

      Boston Multi-Family Sale Price per Square Foot (over last 4 years)

      The inventory chart below is also interesting. It shows that total multi-family inventory in Boston has not drastically changed in the past 4 years. While some areas (such as the Back Bay and the Fenway) have seen very few purchase opportunities, inventory in other neighborhoods has clearly risen. This will be discussed in our annual investment property report.
       

      Boston Multi-Family Inventory (over last 4 years)

      Contact Eric Shabshelowitz, our Vice President of Commercial Real Estate, if you have questions about Boston's multi-family market.
       

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