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Developer of Two New Boston-Area Apartments Looks To Capitalize on Northeast’s Stable Rent Growth

Trammell Crow Begins Construction on Second Market Project in Six Months
Boston and the Northeast have largely avoided the oversupply issues tempering rent growth in the rest of the country as prices have grown at twice the national rate. (Bret Osswald/CoStar)
Boston and the Northeast have largely avoided the oversupply issues tempering rent growth in the rest of the country as prices have grown at twice the national rate. (Bret Osswald/CoStar)
CoStar News
January 10, 2024 | 10:56 P.M.

Trammell Crow Residential broke ground on a luxury multifamily project in Peabody, Massachusetts, adding to the development firm’s Boston-area portfolio at a time when rent growth in the metropolitan area is outperforming the rest of the nation.

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