Boston apartments

https://canvas.wpi.edu/eportfolios/3299/Home/Allston_Starts_2022_With_Record_Low_Apartment_Inventory After what might have been the fastest market correction in history, Allston’s rental market has begun 2022 with record low apartment inventory. Since March of 2021, Allston’s apartment availability rate fell from an all-time high of 27.4% to a record low of 1.76% to start the year, marking a massive -93.58% drop in rental availability. Allston, along with Fenway and Downtown, was among the few neighborhoods where apartment availability peaked above 20% in 2021. In a market heavily dependent on off-campus housing demand, the remote learning phase of the pandemic caused massive rental supply upheaval in Allston. In late March of last year, when Universities announced their plans to bring students back for Fall 2021 semester, the market quickly reacted and all of the excess inventory was absorbed at an astounding rate. We saw the number of available apartments for rent in Allston dr...

https://bostonpads.com/blog/boston-rental-market/allston-apartment-rental-market-report-2022/ Allston’s apartment rental market looks poised for a record year in 2022. The Allston rental market is just starting to warm up, and apartment availability and vacancy rates are currently sitting at all-time lows. Just last March, Allston’s apartment availability hit an all-time high (27.52%) as we endured the worst of the COVID-related supply glut. This drastic supply swing will undoubtedly push Allston rent prices upward in 2022. In fact, the most recent Allston rental data suggests that it has already begun. Allston Apartment Supply Rollercoaster Ride The current real-time availability rate (RTAR) for Allston apartments is 4.27%. That marks a -46.63% drop from its pre-pandemic level in February 2020, and a massive 84.48% drop from its all-time high set just 11 months ago.