Boston Apartment rents on the rise. Huh?
It seems like yesterday Boston apartment rents were falling, but now with the pandemic somewhat behind us downtown Boston rents are roaring back
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Updated: Summer 2021
Boston Beacon Hill Apartments for Rent $5,000.00 ($5k) and Under
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How long does it take to rent a Beacon Hill apartment?
In the 1st Q of 2021, it took 61 days to rent a Beacon Hill apartment in 2021
How many Beacon Hill apartments rented in the 1Q of 2021?
178 Beacon Hill apartments rented out in the 1Q of 2021
What is the average price of a Boston Beacon Hill apartment in 2021?
The average price of a Boston Beacon Hill apartment in 2021 is $2,500 per month
What is the average size of a Beacon Hill apartment?
The average Beacon Hill apartment in 2021 was 600 sq ft
How long does it take to rent out a Boston Beacon Hill apartment 2nd Q 2021?
It takes 37 days to rent our Boston Beacon Hill apartment.
How many Boston Beacon Hill apartments are there for rent in the 2nd Q of 2021?
In the 2nd Q of 2021 the average was 155 Beacon Hill apartments for rent
Boston Apartment rents on the rise.
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 surprised by this article. For example, why are they interviewing a “commercial real estate brokerage firm” about residential apartment rents? With all due 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!