3 Reasons Boston's Apartment Rental Market Will Rebound in 2021
By Zachary Parker, Real Estate Journalist
(ProSource Media)
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 student population. If there is anything that can be done to quickly restore Boston’s rental market to the dominant force it was before the pandemic, it would be that. But with more questi...
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