BOSTON—Veteran residential and commercial real estate executiveBud LaRosa says that the multifamily construction market is verystrong in Boston and is showing no sign of let-up.

LaRosa, chief business performance officer at Tocci BuildingCos. a Boston-based construction and project management firm, tellsGlobest.com, "Right now multifamily in Boston is on fire, which infact is an understatement." LaRosa says that demand for rentalhousing in Boston is strong because new construction did not keepup with demand for the past five to seven years. In addition, asignificant amount of Millennials are also attracted to the Bostonarea and its 24-7-live-work environment. In addition, he finds to alesser degree Baby Boomers are selling their suburban homes andmoving to the city in order to take advantage of the urbanamenities there.

While there is already and will likely be some pockets ofactivity in the Route 128 market, the rental apartment demand iscentered in Boston proper. Headds that many of his firm's clients are not having any issuessecuring financing for their multi-family ventures.