Limestone French Renaissance landmark in Back Bay with ornate carvings, arched windows, wrought-iron balconies, and a patinated copper roof.

Q4 Newsletter

As we move into the fourth quarter of 2025, Boston’s real estate market has once again shown resilience despite elevated borrowing costs and broader economic uncertainty. Q3 was shaped by the Federal Reserve’s “higher for longer” rate stance, new state policy changes such as the broker-fee law, and steady development momentum across key neighborhoods. Together, these forces slowed transaction volumes but reinforced the city’s long-term appeal, supported by higher education, healthcare, and innovation-driven demand.

For global investors, the past quarter underscores how Boston balances near-term recalibration with structural strength. By reviewing Q3 performance across residential, commercial, and development sectors, we can better assess the opportunities and risks that will influence acquisitions, income streams, and portfolio strategy as Q4 unfolds and the market positions for 2026.

Elegant limestone and concrete building in Boston’s Back Bay with ornate French-inspired architecture, arched windows, wrought-iron balconies, and patina copper roof accents.

Global Investor Brief

This brief is designed to provide global investors with a comprehensive overview of the real estate landscape in Boston, Massachusetts—one of the most dynamic and resilient property markets in the United States. Whether you are seeking long-term capital appreciation, consistent rental income, or a stable U.S. asset to diversify your portfolio, understanding the city’s economic fundamentals, housing trends, and acquisition process is critical. This guide outlines why Boston is an attractive destination for global capital, the legal and financial pathways available to both U.S. and non-U.S. buyers, and the practical steps involved in acquiring and managing property as a foreign investor. The insights provided here reflect current data from 2024–2025 and are intended to support well-informed investment decisions in one of the country’s most supply-constrained and opportunity-rich urban markets.

390 Commonwealth Avenue in Boston’s Back Bay, grand Beaux-Arts style residence with arched entry, stone façade, wrought-iron details, and tree-lined street view of luxury real estate.

Q3 Newsletter

This quarterly newsletter delivers a focused, data-backed overview of the Boston real estate market for investors, property owners, and industry professionals. In the Q3 2025 edition, we analyze current market dynamics in Back Bay and Greater Boston, explore affordability trends, evaluate shifts in buyer and seller behavior, and assess the implications of delayed infrastructure projects such as the Allston Multimodal redevelopment. The issue also features a spotlight on Boston’s first Fitwel-certified tower. With clear analysis and cited sources, this report is designed to support long-term investment strategy in one of the country’s most supply-constrained markets.

Burrage Mansion on Commonwealth Avenue in Boston’s Back Bay, historic French chateau-style limestone residence with ornate detailing, turrets, and one of the city’s landmark luxury properties.

Updated Broker Fee Law

Learn more about the upcoming major legislative change underway in Massachusetts that will significantly impact the residential rental market.

Included in the state’s Fiscal Year 2026 budget, a newly signed provision will prohibit landlords from requiring tenants to pay broker fees—unless the tenant independently hires the broker themselves. This change, signed into law by Governor Maura Healey on July 2, 2025, is scheduled to take effect on August 1, 2025.

Classic Back Bay Boston brownstone with arched entry and historic detail, showcasing prime residential real estate along Commonwealth Avenue with cyclist passing by.

Q2 Newsletter

This quarter’s Boston real estate market review underscores the city’s long-term value, fueled by economic resilience, global relevance, and a strong innovation ecosystem. With world-class universities, a highly educated workforce, and a diversified economy spanning life sciences, tech, and finance, Boston continues to attract steady demand across residential and commercial sectors. Home prices and rents remain stable amid low vacancies, while development activity surges with major projects shaping future growth. Despite national headwinds, Boston’s fundamentals and strategic advantages position it as a standout market both nationally and globally.