Investing in Boston real estate is touted as a great way to become wealthy. Is Beacon Hill apartment rental property good for investment? Planning to invest in the downtown Boston real estate? Many real estate investors have asked themselves if buying a property in Boston is a good investment? You need to drill deeper into local trends if you want to know what the market holds for the year ahead.
Boston, Massachusetts is one of the oldest cities in the U.S. In recent years, it has also has seen a building boom in its housing market in such areas of Seaport District luxury condos and Midtown high rise condos. The Boston real estate market is promising and shows a new increase of opportunities for both buyers and sellers. Let’s take a look at the number of positive reasons that can motivate investors to buy Boston real estate
If you want to invest in the Boston real estate market aimed at students, Downtown Boston is a rich target. Suffolk University and Emerson College are two large pools of students in the downtown Boston real estate area, but they aren’t the only ones. Boston University is home to thousands of students, while Boston College houses thousands as well.
The Boston real estate housing market for students extends well past the neighborhoods immediately around big schools . You could buy rental properties around in Back Bay or North End even the Seaport.
Note that Beacon Hill apartment rentals near General hospital is a great Boston real estate investment, since that is one of the largest employers in the city.
Nationwide, around a third of the population rents. In Beacon Hill apartment renters, just over 50% do. For Beacon Hill apartment renters. this area stands out for its walkability and public transportation network. This helps explain why around two fifths of those who rent don’t own a car, so properties in the Beacon Hill real estate market close to public transit command a premium.
The median rent Beacon Hill apartments for rent was around $1500 a month as of August, 2018. Given the large working class population in the city, many of these renters cannot afford Beacon Hill condos for sale selling for around $160 a square foot, so they’re guaranteed to rent for the long term.
The Boston Seaport District is in a high demand for both buyers and renters, especially young professionals and retirees.
This is partially due to the fact that the Boston Seaport real estate market is already essentially built up; you have to tear something down to build something new.
Amazon has set up office space in the Boston Seaport District. They’re taking advantage of Seaport District work force and transportation links to the rest of the downtown Boston. Every one of these Seaport Office buildings provides more than a thousand jobs, and the Seaport condos for sale market in their vicinity becomes hot because people move to where there is work.
The Boston real estate market around the Seaport District built to cater to Amazon and tech industries will boom, because we can expect as many jobs from Amazon’s suppliers in those areas as Amazon itself – and those workers will want to live close Seaport.
Boston is home to a surprisingly large number of coworking spaces. This can be seen as an extension of digital nomads and college students choosing to work in social spaces instead of in their home office.
Affordable Boston real estate share space that can cater to the people working there are well-situated to profit off this trend, and that’s aside from the possibility of setting up co-living spaces.
The Boston Seaport District shows that historic Boston has pockets of renewal. The Seaport District in particular has been targeted for revitalization, and the money is already flowing in for projects. New infrastructure built by the city includes enhanced bus stops, dedicated bus lanes, rail improvements and road improvements.