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Apartment Market
Research & Consulting
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NEW!
Boston Condominium Market Research Report Winter/Spring 2007 Now Available to Order, click cover
for information
subscribe
online
Boston Metro Apartment Market Research Report
Spring/Summer 2006
subscribe
online
Click
here
to view sample content from
the Boston Metro
Apartment Market Research Report™
Contents
of the Boston Metro Apartment Market Research Report™
Spring/Winter 2006 report is 190 pages. It contains an
market review & outlook (3 pages); executive summary
(3
pages); macro economic analysis relating to Boston metro
apartment industry supply/demand factors and
demographics (40 pages); sub market reports (135 pages
including sub market rent and concessions by unit type,
vacancies, development pipeline, maps and demographics);
and significant apartment transaction data (9 pages).
Using a Geographic
Information System (GIS), we have divided the Boston
Metro into 27
apartment sub markets. Each
sub market is comprised of a discrete set of census
tracts. We provide 2000 Census demographics for each sub
market. We further divide
the market into A, B & C class assets where
available (see our apartment
class definitions for details).
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Boston Condominium Market Report available
subscribe
online
Click
here for further information on our Boston
Condominium Market Research Report.
This
168 page report provides in depth analysis of the Boston,
Brookline & Cambridge condominium sub markets. Written
analysis is supported by 113 data tables, 84 charts and 19
maps. The report includes data on sales from 2000 through
2005 and under agreement/listing data for 1st Q '06.
A detailed discussion of
demand, supply, development pipeline, demographics and
economic outlook is also included.
Click
here
to view sample content from
the Boston Metro
Apartment Market Research Report™
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Contents
of the Boston Metro Apartment Market Research Report™
Spring/Winter 2006 report is 190 pages. It contains an
market review & outlook (3 pages); executive summary
(3
pages); macro economic analysis relating to Boston metro
apartment industry supply/demand factors and
demographics (40 pages); sub market reports (135 pages
including sub market rent and concessions by unit type,
vacancies, development pipeline, maps and demographics);
and significant apartment transaction data (9 pages).
Using a Geographic
Information System (GIS), we have divided the Boston
Metro into 27
apartment sub markets. Each
sub market is comprised of a discrete set of census
tracts. We provide 2000 Census demographics for each sub
market. We further divide
the market into A, B & C class assets where
available (see our apartment
class definitions for details).
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Northeast Apartment Advisors, Inc. has
surveyed unit mix, rents, concession, vacancy,
construction style, amenity, ownership and management
data from 531
existing market rate rental apartment communities with
92,000 units, located in 27
different sub markets, in the Boston CMSA on which
we base The Boston Apartment Market Report™. At
current rental rates we estimate these properties
collect $1.5 billion in total income and have a current
market value of approximately $14 billion.
We
also track 270 proposed
market rate rental apartment developments in the
pipeline proposed to contain 48,000 units. We
estimate these properties if built would have an
approximate total development cost of $10 billion. In
addition we are following over 650 condominium and over
55 developments proposed to contain 55,000 units in the
Boston metro.
The Boston
CMSA is the seventh
largest metro area in the US with 5.8
million people. The metro area is widely seen as
have some of the highest apartment rents, lowest
apartment vacancies and oldest
apartment properties in the country. As of 2nd Q 2006 median
single family home price in greater Boston was $499,900
with an average price of $632,751, unit sales were down
4.6% over 2nd Q '05. For
the same periods, greater
Boston median condominium unit price was $345,000 and
the average was $405,208 with unit sales down 8%.
Annual
State of the Apartment Market PowerPoint Presentation
We
discussed the state of the apartment market at the Greater Boston Real Estate Board's Rental Housing
Association Annual Conference on October 7, 2004. Contact
Tom
Meagher if you would like a copy of our presentation
slides.
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The author of the
report
is Tom Meagher, who during his
26 year
career in multifamily real estate has been responsible
for market research, investment, development,
renovation and/or pre-investment due diligence of
17,000 units of multi and single family housing
projects with a total cost in excess of $1.5 billion.
Mr. Meagher holds a
Master of Science in Finance from Boston College and a
Bachelor of Science in Management from Babson College.
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Tom
Meagher |
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The Boston Apartment
Market Report™ Spring Q 2006 will be available
by the end of April.
Please contact us if you would like more information or
to subscribe to our twice yearly report.
Click
here to subscribe (PDF
Format)
Contact:
Tom
Meagher (978) 929-9556
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For comprehensive
national real estate research visit:
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Apartment Market
Studies
We would be
pleased to provide you with custom apartment market
consulting and studies that draw from our deep knowledge
of the local apartment market. We can provide you with
an in depth analysis of the market area surrounding your
property, including current rents, vacancies,
concessions, detailed demographics, and planned
competitive developments. Contact us to discuss your
needs and our approach to apartment market studies.
Condominium
Market Studies
We also can
provide you with individual development focused
condominium market price and and absorption studies that
draw from our deep knowledge of the local market.
Contact us to discuss your needs and our approach to
condominium market studies.
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| For more Boston
apartment market research information make sure to
visit: |
For Boston
apartment market listings visit: |
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Topics
covered on BostonApartmentMarket.com include apartment
market research, apartment research, apartment market
studies, apartment consulting, condominium market,
condominium development market studies, multifamily rental
properties, rental housing, rental concessions, rents,
sub market reports, apartment development pipeline,
absorption rates, class A apartments, class B apartments
and class C apartments, Boston Rent Control, Chapter
40B, Chapter 40R. |
Geographic
coverage includes Boston, suburban Boston, Cambridge,
Metrowest, North Shore, South Shore, Eastern
Massachusetts, Boston Metro area, Route 128, Waltham,
Cambridge, Quincy, Peabody, Lowell, Lawrence, Worcester,
Framingham, Natick, Newton, Boston MSA
and Boston CMSA, Massachusetts, Northeast US. |
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