Insights
Massachusetts
BACK TO INSIGHTSMarket Overview
BACK TO INSIGHTSEXPLORE 2 Massachusetts MARKETSToggle markets
VACANCY
Apartment
The average Vacancy Rate was 5.8% in the Boston metro
Distribution / Warehousing
The average Vacancy Rate was 3.9% in the Boston metro
Flex / R&D
The average Vacancy Rate was 7.7% in the Boston metro
- No vacancy change since year-end 2024 in the Boston metro.
- The Boston metro was among the 20 highest vacancies nationally.
Office
The average Vacancy Rate was 18.2% in the Boston metro
Retail
The average Vacancy Rate was 7.0% in the Boston metro
- The Boston metro had the tenth lowest vacancy in the nation, and the second in the Northeast region, behind only Boston.
- Vacancy in the Boston metro drifted downward by 30 basis points.
- The Boston metro had the lowest vacancy level since Q3 2018.
RENT
Apartment
The average Asking Rent was $3,052 in the Boston metro
Distribution / Warehousing
The average Asking Rent was $9.93 in the Boston metro
- Rent in the Boston metro was up 0.2% from year-end 2024.
- Rent has risen in every quarter since year-end 2019 in the Boston metro.
Flex / R&D
The average Asking Rent was $18.14 in the Boston metro
- Rent in the Boston metro was up 0.4% from year-end 2024.
- Rent has risen in every quarter since Q3 2020 in the Boston metro.
Office
The average Asking Rent was $49.43 in the Boston metro
Retail
The average Asking Rent was $25.28 in the Boston metro
- Rent in the Boston metro was up 0.3% from year-end 2024.
- Rent Has risen for eight consecutive quarters in the Boston metro.
VACANCY
Apartment
The average Vacancy Rate was 3.7% in the Providence metro
- Vacancy in the Providence metro drifted upward by 10 basis points.
- The Providence metro was among the 20 lowest vacancies nationally.
Distribution / Warehousing
The average Vacancy Rate was 3.5% in the Providence metro
- Vacancy in the Providence metro drifted upward by 10 basis points.
- The Providence metro was among the 20 lowest vacancies nationally.
Office
The average Vacancy Rate was 17.6% in the Providence metro
- Vacancy in the Providence metro increased by 50 basis points.
- The Providence metro was among the 20 lowest vacancies nationally.
Retail
The average Vacancy Rate was 13.7% in the Providence metro
- Vacancy in the Providence metro rose by 70 basis points.
- The Providence metro was among the 20 highest vacancies nationally.
RENT
Apartment
The average Asking Rent was $1,812 in the Providence metro
Distribution / Warehousing
The average Asking Rent was $7.54 in the Providence metro
- Rent in the Providence metro was up 0.8% from year-end 2024.
- Rent has risen in every quarter since Q1 2021 in the Providence metro.