11d • News / Data
Monthly Market Report (May 20, 2026)
tightening up the report and staying informed. Wanted to share with everyone here!
The New England multifamily market remains structurally tight across all six surveyed
geographies. Vacancy rates are hovering near historic lows, ranging from a functionally
zero rate on Cape Cod to roughly 1.7% in Worcester, MA. While new development
pipelines are robust in secondary cities like Worcester and Lewiston, supply continues to
lag behind intense demand, keeping rent growth positive or stable in most unit types. A
wave of legislative zoning changes across NH, MA, and ME — designed to stimulate
missing-middle and transit-oriented development — is actively reshaping the entitlement
landscape. Investors positioned to navigate local zoning reform will find meaningful value add
and development opportunities across this corridor.
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Monthly Market Report (May 20, 2026)
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