covid: 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)
covid: 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)
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. 
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