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2019 Q2 Multi Family Viewpoint Report Boston Colliers

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The Boston market remains hot in all respects, faring very well during this economic cycle. Rental rates and condo pricing continue to set regional records in metro Boston and the surrounding areas. Growth is driven by the low unemployment rate, 2.8% for the state, and the high-paying industries the region is known for. Further, the Boston population has grown by nearly 10% since 2010. More students drawn by the area’s top tier academic institutions are staying to work after graduating, feeding the area’s economic growth. Compounded by Boston’s international appeal, population growth has outpaced development, leading to a robust pipeline of multifamily projects to meet the increased demand. This high demand and limited supply have resulted in increasing rental rates and sales prices across the metro area and heavy investment in new multi-family and mixed-use projects.

 

2019 Q2 MultiFamily Viewpoint Report Boston Colliers

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2019 Q2 MultiFamily Viewpoint Report Boston Colliers

2019 Q2 Multi Family Viewpoint Report Boston Colliers

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Aaron Jodka

National Director of Capital Markets Research

Boston

As Director of Research | U.S. Capital Markets, Aaron is responsible for all aspects of research within the Capital Markets platform. He synthesizes and interprets a variety of data and information to stay ahead of trends that put our clients in an optimal position to make informed decisions. Aaron promotes the Colliers brand via best-in-class research reports, weekly insight posts, thought leadership, and contributions to numerous panels, media outlets, and industry events.

Aaron collaborates with every team at the firm and wears many hats: in-house economist, advisor, consultant, thought leader, strategic business analyst, presenter, and, of course, researcher. He connects with various industry experts within the Colliers organization to provide a customized solution for each client.

With a deep understanding of markets throughout the country, he provides a unique perspective on market dynamics across asset types and investment strategies, providing clients with tailored data and analytics to ultimately guide decision-making solutions.

Before joining Colliers, he spent 11 years with Property & Portfolio Research (PPR), now CoStar Portfolio Strategy. There, he advised institutional clients on their commercial real estate investment strategies across property sectors and also spoke at industry events, quarterly CoStar webinars, and in front of client audiences. Aaron also led and directed a team of economists who monitored property markets across the United States. Near the end of his tenure, he helped establish a new business unit at CoStar, leading in the hiring, training, and coaching of a team of 50 market analysts. 

Outside of the office, Aaron can be found cheering on his children at their extracurricular activities. He also enjoys hiking, travel, relaxing at home or at the lake, or plugging away at one home project or another. Last but not least, he's an avid fan of Boston sports teams.

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