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Archive for the 'Boston apartment rents' category

Boston rents are starting to fall as new inventory comes on line

The BBJ, citing a report from CoStar that we can’t find, has some big and fascinating news: Rents in Boston are starting to fall as new housing comes on line, such as the Kensington, Avalon-Exeter, the Victor and Waterside Place. In the first quarter, rents were down 9 percent in the Back Bay and South [...]

‘Friendly competition’ keeps Seaport rents as high as possible

We had to blink a few times when we read this article in which representatives of major new Seaport apartment towers openly talk about how they’re trying to cooperatively keep rents as high as possible. From the article: Every week the property managers of the big new Hub apartment complexes share information on leases signed, [...]

Boston’s glut of new luxury apartments may bring down rents – and banks with them

The numbers are somewhat staggering: 9,800 new apartments are slated to come on line in Boston in coming years – 887 units did so last year, 1,600 will come on line this year, and the rest will follow soon after. It’s all very welcome. The city – and state – desperately needs new housing. But [...]

Boston’s apartment rental blues

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 [...]

‘Boston rents soaring’

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 — [...]

Boston’s building boom for apartments

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 rents hit record high

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 [...]

Rental market heats up for Beacon Hill, Back Bay and Mid-Town

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 [...]

Boston Condos: Buy vs Rent Debate

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 [...]

Boston rents on the rise

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 [...]

Let's talk Boston real estate. The most recent real estate comments

  • Tyler Mills, Lenders go into overdrive to clear out backlog of delinquent mortgages: Instead of forcing out the...
  • warren currier, ‘Boston’s faux housing boom’: Scott, Do you own any units in Boston? Supply /...
  • Nishant, Major Developers: Affordable homes can only be built outside downtown Boston: Yes, this is correct that...
  • warren currier, Done deal: Dr. Dre buys Tom and Gisele’s mansion for $40M: The property is located in LosAngeles,...
  • JS, Despite predictions, inventory of homes for sale continues to fall in Mass.: One thing that could be holding...
  • dcmhomebuyers, For 74 Beacon Street, it was the kitchen, stupid: Nice house. I think front section to location of...
  • Johnd478, Five signs you’re a ‘renter for life’: I just couldnt depart your site prior to...
  • Dionis Padron, Downtown condo prices now averaging near $1 million each: great article but prices for standalone...
  • John Ford, Charles Ponzi’s old Lexington home for sale at $3.3M: That’s a great idea. Anyone have an idea how...
  • Rich, Charles Ponzi’s old Lexington home for sale at $3.3M: Speaking of Mr. Ponzi, he ran his Ponzi scheme out of an...
  • amparo bracero, Big changes in store for Tremont Street?: I will love to comunicated my self with aida I was one of...
  • warren currier, Low mortgage rates may partly explain low inventory: The banks are making it very hard to get a loan....
  • Kiki, ‘Our biggest impediment’: Inventory: A quick maybe unrelated question. What’s a typical or...
  • JS, Hey, let’s tear down most of downtown Boston for the Olympics: I agree, and I resent the commission describing us...
  • PROPERTY MANAGEMENT COMPANIES in Carlsbad CA, ‘Our biggest impediment’: Inventory: good blog
  • Phoenix property management, Blog: As you may have noticed I am having problems with the comment section of the blog....
  • Phoenix property management, Get your very own ‘mushroom house’: Good post. i like it so much.
  • Phoenix property management, Get your very own ‘mushroom house’: Good post. I like it
  • PROPERTY MANAGEMENT COMPANIES in Carlsbad CA, California dreamin’ on such a winter’s day …: Good post...
  • Borris C., ‘Friendly competition’ keeps Seaport rents as high as possible: Sounds like good old-fashioned collusion...

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