Cap rates, rent trends, and underwriting benchmarks for Boston apartment investors.
Tight supply and strong demand from the education and biotech sectors keep vacancy low. Rent control discussions in Cambridge and Somerville create regulatory uncertainty, pushing some capital to suburban markets along Route 128.
Life companies and CMBS active in the market. Expect 1.20-1.25x DSCR requirements. Rent-controlled properties face stricter underwriting.
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