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flag Boston's real estate market weakens as high rates and demand drops push mid-sized developers to cut back or close.

flag Boston's commercial real estate sector is struggling amid a national downturn, with mid-sized developers like Rise Construction Management scaling back or closing due to high interest rates and reduced demand. flag The rental market is softening, with Greater Boston vacancy rates hitting 7% in late 2025—above the historical average—driven by job losses, outmigration, and tighter student visa rules. flag While some new developments, like the $35.2 million Elmwood project in Shrewsbury, are delivering affordable and energy-efficient housing, overall construction has slowed, and major landlords report declining rents. flag The shift favors large national firms, threatening the diversity and neighborhood-focused innovation once provided by smaller local developers.

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