Are Boston Rents Slowing?Play
A new housing report from real estate firm REIS says monthly rents in Boston increased by just .1 percent in the first quarter of this year. After five years of increases, the slowdown appears to be good news. Yet, the average apartment in Greater Boston still rents for over $2,000 a month.
It turns out, if you look beyond the high-end, luxury condos, prices are still soaring throughout the city.
Barry Bluestone, professor of political economy at Northeastern University and founding director of the Dukakis Center for Urban and Regional Policy. He tweets @BarryBluestone.
The Boston Globe: Boston Rents Barely Rise In First Months Of 2016
- "The average apartment in Greater Boston fetched $2,017 a month in the first quarter of the year, according to the real estate data firm Reis Inc. That was up just one-tenth of a percent from the fourth quarter, the slowest gain Reis has recorded in the market here since 2011."
The Boston Globe: Boston Area Apartment Rents Up Nearly 6 Percent In 2015
- "The average rent for an apartment is now $2,009 a month, said real estate data firm Reis, Inc. That’s the first time Boston has broken the $2,000-per-month barrier. Among the 79 markets Reis tracks, only New York City, San Francisco and Silicon Valley are more expensive places to rent."
This segment aired on April 6, 2016.