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Archive for the 'Boston apartment rents' category

Judge strikes down landlord’s extra apartment fees

From the Herald: A federal judge this week dealt a blow to apartment giant Equity Residential, saying the upfront, nonrefundable fees it has charged Massachusetts tenants — including “amenity,” “move-in,” application and pet fees — are illegal because they violate the state’s security deposit law. “The judge found … the security deposit statute limits to […]

Luxury apartment glut alert!

Via Adam, it appears one landlord is really competing to find tenants. And this is why building more housing is good for the city. File under: More housing, please… Continue reading

Legal rights of Boston renters: The most landlords can charge renters

As we approach the big Boston September apartment rental move-in’s, here are a few items both tenants and landlords should know: The most a landlord can charge you when you first move into an apartment is: •First month’s rent; •Last month’s rent payment; •A security deposit; and •The cost of a new lock and… Continue reading

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… Continue reading

‘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 […]

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

  • christian louboutin discount shoes sale, Samuels wins right to build 30-story Back Bay complex: ...
  • James, Boston condo owners: Risk of using Airbnb: Just to be clear you’re posting a fear mongering piece, but...
  • Julieta, Affordable housing opportunity in the Fenway: Really? then point out specifically where my cmnoemts are...
  • Rene, Is the housing recovery weaker than it appears?: Give it back to the bank. If your State is a non-recourse...
  • Reyna, Daisy Buchanan’s in Back Bay facing foreclosure: Benjamin: in defense of Vangel, I think the aruemgnt can be...
  • Talene, Which direction will Boston rents go?: I have witnessed that smart real etsate agents just about everywhere...
  • Anna, Well, at least Boston isn’t Los Angeles: Your credit will tank but not as bad as a frrlceosuoe. You need...
  • Tyler Mills, Lenders go into overdrive to clear out backlog of delinquent mortgages: Instead of forcing out the...
  • Tyler Mills, Lack of housing inventory is getting ridiculous in Boston: Though inventory being down is really...
  • 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....

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