apartment inventory: Boston Apartment Availability Levels As Schools Nix Remote Learning
- 04/19/21 01:11 PM
Harvard, BU, Northeastern, UMass, Tufts, and MIT have all made announcements of their plans to either scale down or phase out remote learning for the Fall 2021 semester. The much anticipated news is beginning to steady the apartment rental market in Boston, which has been plagued by vacancies as a result of a diminished student population.
The real-time availability rate (RTAR) in Boston peaked at 13.56% in March of this year as Universities began releasing their plans. That peak marked a 159.7% YOY increase in apartment availability from the same data in 2020. It has since leveled off and come down to … (0 comments)
apartment inventory: Market Report: South End Apartments
- 04/09/21 07:59 AM
The South End has been one of the hottest rental markets in all of Boston over the past decade. It has solidified itself as one of the most desirable neighborhoods in Beantown, home to the city’s best arts and cultural scene and widely considered to be the epicenter of Boston’s best restaurant offerings. That combined with its close proximity to Downtown and local Universities, South End’s housing market has enjoyed a steady flow of demand for housing for a long time. All that changed in 2020.
When the pandemic came to town, it reshaped the local housing economy. Remote learning was put … (4 comments)
apartment inventory: 3 Reasons Boston's Apartment Rental Market Will Rebound in 2021
- 02/25/21 12:05 PM
The year of COVID was a tough one for Boston’s apartment rental market, that is indisputable. Apartment vacancies soared in many of the city’s most expensive neighborhoods as local schools enacted remote learning policies and residents in Downtown fled for open spaces. Average rent prices for Boston apartments have declined by 4% city-wide, 8-10% in Back Bay, South End, and North End, and over 20% for apartments in Downtown Boston.
Some may believe that there is no way out of this market decline other than an end to COVID-19 and the remote learning policies that have stripped Boston of its vital … (1 comments)
apartment inventory: East Boston Vacancies Up 207% YOY - But Trending In A Good Direction?
- 02/18/21 11:30 AM
The vacancy rate in East Boston shot up a whopping 207% in the past 12 months. Now at face value that sounds pretty shocking and could be the story in and of itself, until you peel back the layers a bit more. So while it’s true that the current East Boston vacancy rate of 3.78% is more than triple the record low vacancy rate of 1.19% from February 2020, it doesn’t seem so shocking when you compare that to the 349% increase in the City-wide vacancy rate or the 2600% increase we’re seeing in Downtown Boston.
Even prior to the pandemic, the … (2 comments)
apartment inventory: Apartment Inventory Soars in Cambridge, MA - Market Report
- 02/18/21 08:36 AM
While Cambridge is technically outside of the City of Boston, data trends in the housing market and in particular the rental market in Cambridge closely mirror that of Boston. Both are highly cyclical markets that depend heavily on apartment turnover from the local student population. So while Boston’s rental market is reeling due to inventory spikes, it should come as no surprise that the same supply issues are occurring in Cambridge. Cambridge may be best known as the home of two famous universities: Harvard and MIT. Like most of the area’s Universities, both adopted remote learning for the 2020-2021 school year, severely … (4 comments)
Harvard, BU, Northeastern, UMass, Tufts, and MIT have all made announcements of their plans to either scale down or phase out remote learning for the Fall 2021 semester. The much anticipated news is beginning to steady the apartment rental market in Boston, which has been plagued by vacancies as a result of a diminished student population. 
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