MULTI-FAMILY HOUSING
Kabo Flats at Boston Square Photo Credit: Rockford Construction & Amplify GR
Developer: Amplify GR Investment: $30 Million Status: Broke ground March 2026 Footprint: 10 acres; 220+ housing units, 60,000 sq ft commercial, parks, and green space Address: 1460 Kalamazoo Avenue SE, Grand Rapids, MI Description: A neighbor-informed, comprehensive redevelopment of 10 acres in the Boston Square neighborhood. The project will bring mixed-income housing, a neighborhood food hall, retail incubator space, and a community center. Boston Square Together NOTABLE PROJECT
Average Monthly Rent
Trendline
Multi-family rents averaged $1,493/month in 2025, up slightly from $1,434/ month in 2024. In Q1 2026, rents reached $1,511/month, a 3% increase from $1,466/month in Q1 2025. Overall, multi-family rents have experienced solid, sustainable growth over the past three years, reflecting a 9% increase in rents over that time. Rental demand remains strong.
COVID-19 Q1 2020 - Q3 2023
Q1 26
2023
2024
2025
11
Source: Colliers
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