Here’s a terrific look at the growing gap between the asking prices for apartment rentals in Boston versus asking prices across the rest of the nation. In 2008, Downtown Boston’s average monthly asking rent was $2,637, roughly 150 percent higher than the average national asking price of $1,050. In 2012, Downtown Boston’s average monthly asking [...]
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Archive for the 'Boston apartment rents' category
Don’t look now, but Boston-area rents are really shooting up. The reason is simple: Too much demand, too little supply. The market could get more tight and expensive later this year if the local economy keeps improving. Not that we’re complaining about the latter. The area needs jobs. But they’ll come at a cost — [...]
The Globe impressively adds up all the recent construction projects announced or under way in Boston, and concludes we’re seeing an apartment construction boom. The numbers back up the claim: 850 units now under construction. Another 295 as of Monday when developers start yet another project. Those numbers don’t include the approximate 1,000 housing units, [...]
Boston’s apartment rent prices have hit an all-time high, so good luck finding an affordable unit before the traditional September 1 lease-transition date. The usual-suspect neighborhoods top the list of most expensive areas in the city to rent. One is tempted to say these rent spikes will sooner of later send people flocking to buy [...]
The Herald has a good piece on the apartment rental market in Boston. One interesting item: Those moving in from out-of-state for jobs are preferring to rent. We guess that makes them generally no different from others these days, but it does put added pressure on the rental market here. Remember: The state’s economy is [...]
Rents in Boston (and many other places) are climbing, while typical home values — thanks to foreclosure sales — are down. Take a look at two of the implications: –Affordability problems for renters. About 24.8 percent of renter householders within the Boston region were spending more than half their pre-tax income on housing and utilities [...]
Area home prices may be still falling in places, but Boston’s apartment rents are expected to rise about 6.2 percent this year, on top of last year’s increase of 7 percent. Says Scott: “Renters, are you feeling the heat yet? And are we headed for another real estate bubble, this time with apartments?” A true [...]
Boston has some of the most tenant-friendly laws around. Boston Landlords can’t leave problems unfixed, barge in without an appointment, or keep your security deposit for no good reason. You can protect yourself as long as you pay attention and know your rights before, during, and, especially, after you sign a lease. Read more from [...]
We have several apartments in the Back Bay, South End and Beacon Hill that are providing free rent for the first month. For more information please call Linda Mitrano at 617-512-4557.
Many renters across the country are ringing in the New Year with a new apartment. According to a national survey conducted by Apartments.com, more than 95 percent of renters said they are planning a move in 2010. Many renters are also moving earlier this year, searching for better deals and nicer apartments in more desirable [...]