(To read more on the multifamily market, click here.)

BOSTON-Apartment rents in Greater Boston fell by more than 10%last year, bucking a national trend and putting the city at thebottom of 59 major metropolitan apartment rental markets, a studyby Harvard's Joint Center for Housing Studies has found.

A shift to condos combined with still weak job growth helpedfuel the downward spiral and ran counter to an emerging nationwidetrend toward rent stabilization. "With conditions still favoringhomeownership and lingering weakness in many sectors of the labormarket, demand for rental housing remained soft in 2004,'' theHarvard report states.

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