This blog post may suprise you. According to a recent Boston Herald news report, Boston apartment rents may be on the rise. The following excerpts are from the Herald:

Vacancy rates in Greater Boston’s apartment buildings are expected to decline in 2010, pushing up rents slightly, according to a forecast by CB Richard Ellis.

The commercial real estate broker projects the region’s vacancy rate to drop to 4.6 percent this year from 5.4 percent at the close of 2009, while the average effective rents are expected to increase by nearly 3 percent to $1,458, up from $1,417.

“Boston is faring quite well, due in part to the fact that the residential housing market has held up compared to lots of other cities,” said Gleb Nechayev, senior economist at CB Richard Ellis.

I’m suprised by this article. For example, why are they interviewing a “commercial real estate brokerage firm” about residential apartment rents? With all do respect, I don’t see any indication that Boston apartment rents are on the rise now or in the near future.

I must confess, I wasn’t present when Gleb Nechayrv, the senior economist at CB Richards, was interviewed, but I think it might be similar to this one:

File Under: Dead pan genius!

Author Profile

John Ford
John Ford
EXPERIENCE

Over the course of 20 years in the Boston downtown real estate market, John represented and sold numerous, condominiums, investment and development properties in Greater Boston and in the surrounding suburbs



In addition to representing Boston condo buyers and sellers, John is currently one of the most recognized Boston condo blog writers regarding Boston condominiums and residential real estate markets. John's insights and observations about the Boston condo market have been seen in a wide variety of the most established local & national media outlets including; Banker and Tradesman, Boston Magazine The Boston Globe, The Boston Herald and NewsWeek and Fortune magazine, among others.



HISTORY

For over 24 years, John Ford, of Ford Realty Inc., has been actively involved in the real estate industry. He started his career in commercial real estate with a national firm Spaulding & Slye and quickly realized that he had a passion for residential properties. In 1999, John entered the residential real estate market, and in 2000 John Started his own firm Ford Realty Inc. As a broker, his clients have come to love his fun, vivacious, and friendly attitude. He prides himself on bringing honesty and integrity to the entire home buying and selling process. In addition to helping buyers and sellers, he also works with rental clients. Whether you’re looking to purchase a new Boston condo or rent an apartment, you’ll quickly learn why John has a 97% closing rate.

AREAS COVERED

Back Bay

Beacon Hill

Charles River Park

Downtown/Midtown

North End

South End

Seaport District

South Boston

Waterfront

Brookline

Surrounding Communities of Boston
Contact
John Ford and his staff can be reached at 617-595-3712 or 617-720-5454. Please feel free to stop by John's Boston Beacon Hill office located at 137 Charles Street.




John Ford
Ford Realty Inc
137 Charles Street
Boston, Ma 02114

Comments

comments

Call Now