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With an estimated 17,000 units in the construction pipeline, representing more than 7% of the city’s total inventory, Boston’s multifamily market is growing rapidly. Investors from across the globe poured nearly $4B into Boston’s multifamily housing market last year, signaling market confidence and widespread institutional interest.
However, with hot neighborhoods such as the Seaport District and Back Bay seeing average rents of almost $4,200 and $3,900, respectively, Boston Mayor Michelle Wu has proposed new rent restrictions and linkage fees to improve housing affordability, potentially impacting the way developers and investors do business in Boston.
How will these recent proposals regarding rent control and linkage fees impact Boston multifamily developers? What is being done to further increase the affordable housing supply? What neighborhoods are most attracting renters?
Learn the answer to these questions and more at Bisnow’s Boston Multifamily Conference. This event will take place at the Westin Boston Seaport District on June 27. Register here for the event.
This event will feature four panels and almost 20 speakers, including Developments & Construction Outlook: Increasing Units & Top Neighborhoods featuring Brian Rennie, vice president at Bozzuto Construction Co., and Laura Gollinger, vice president at The Collaborative Cos.
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Other panels and speakers include:
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Capital Markets & Penciling Out Multifamily Deals featuring Jeff Turkanis, CIO at Veris Residential, and Matthew Carnuccio, vice president at RogersGray.
Affordable Housing & Prioritizing Equitable Housing Communities featuring Moddie Turay, president and CEO at Massachusetts Housing Investment Corp., and Adelaide Grady, senior vice president and partner at Leggat McCall.
Innovation In Developments, Design & Property Management featuring Drew Colbert, vice president at WinnCos., and Jim Burke, associate principal at CBT Architects.
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As the multifamily industry continues to grow in Boston, Bisnow is committed to informing the CRE industry about the city’s latest news and developments. To connect with leaders in Boston’s multifamily market and learn more about how to innovate, design and develop multifamily properties, register here.
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