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Boston Real Estate Blog

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Is it time for Boston apartment rental price reductions?

It appears there are signs of weakness in the once strong Boston residential real estate market. Renters have hit a threshold of pain on how much it cost to rent in the Boston area. Landlord’s are now getting the message: offering tempting incentives of having the brokers fee paid and in some cases one month’s free rent in order to have a lease sign.

A look at MLS shows Boston proper has numerous apartments available for September 1st:

Back Bay 192 apartment listings
Beacon Hill 94 apartment listings
Brighton/Allston 151 apartment listings
South Boston 102 apartment listings
Total number of Boston apartments avail for rent – 4,155