Boston apartments market report for summer 2009
There's always plenty of news and data released about the sales market (too much at times!), but if you're a renter or a landlord in Boston you may care more about the Boston apartment market instead. So where to turn?
Well - my new site and blog for the Boston apartment market is now live and I just posted an updated Boston rental market report at Boston apartment outlook for summer 2009 which I invite you to take a look at. From now on, most of my commentary and analysis on the apartment market will now "live" on that blog instead since there's a whole site built as a resource for renters and landlords in Boston. Check it out for a minute and see what you think.
Here's a quick summary of the post just in case you don't want to make the jump over there right now (why not??):
The Boston apartment market has remained mostly resilient to the general recession (so far) with vacancy only inching up slightly to the mid 6% range for the downtown core neighborhoods. Asking rents in Boston have been stable in 2009 at an average of $2,477 per month downtown but there have been slightly more concessions offered this year though - things like free month's rent or rental fee being paid by owners, etc.
For more details and info on a few other sub markets (like Cambridge and Brookline), check out the full post here.
Do you have questions? What are your thoughts? Comment below!
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