cambridge rental market: 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)
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.
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