Boston Real Estate Rental Market: It is May and the start on the frenzy rental market. The outlook for landlords looks good I foresee rent rising depending on what of Boston from 5% -15%.
The presuppose for the rent increases is due to a lack of inventory. In the last few years with condominium conversions the whole of available rental apartments has dropped off allowing owners to raise rents and tighten up on concessions. Basically, fewer and fewer landlords will be picking up the fee this rental season. In Beacon Hill most all of the larger landlords are not picking up amy fee for September listings. Someone else sign we are finding is that there is a serious shortage of available three bedroom apartments on the store for college students.
Beaconhill
A second presuppose to the rise in the rents is that as interest continue to rise, it is taking some possible home buyers out of the store and thus they are remaining in a renter status.
A third presuppose is the lack of dorms within the Boston area.
Presently, Suffolk is trying to pass a 30 story dorm construction in Beacon Hill which is facing some serious road blocks.
Although Boston is lagging the rest of the nation in job increase the increase in University enrollment and the continue increase of the hospitals is boosting renter quiz, to new highs.
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Boston Real Estate Rental market
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