Boston apartments market report for summer 2009

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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