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Showing posts with the label BostonHousingDevelopment

Top Boston Housing Projects to Watch in 2022

https://sites.suffolk.edu/learnblog/2022/06/29/top-boston-housing-projects-to-watch-in-2022/ Since 2015, the city of Boston has made it an initiative to create more housing inventory to meet rising demand. As the metro area has grown, the city has faced a critical shortage of affordable housing opportunities for renters and buyers alike. In 2022, the Boston rental market has seen historically low apartment availability and record high occupancy rates, indicating the problem is getting worse not better. During the pandemic, many of these new housing developments were stalled or put on hold. Now we’re feeling the effects of this in the form of high prices and limited inventory of Boston apartments for rent. New construction projects have since picked up pace again, so the long-term outlook is more optimistic for renters in Boston. Here are the top housing development projects to watch in 2022.

Top 5 Apartment Buildings Under Construction in Boston

https://bostonpads.com/blog/real-estate-news/top-5-apartment-buildings-under-construction-in-boston/ Boston has been in a new construction frenzy over the past decade to accommodate a growing demand for housing. The development boom has added tens of thousands of new Boston apartments to the city’s rental supply. Despite the added inventory, the city has struggled to keep pace with growing demand as Boston’s rental market is experiencing historically low apartment supply figures in 2022. Many of these new construction projects have added more luxury apartments in Boston, and some have been critical of the lack of affordable housing units being built. This has put additional pressure on city hall to green light new development projects that had been stalled or delayed during COVID-19. Now in 2022, there are several new construction projects that are working their way towards completion. Here are the top 5 housing development projects under construction in Boston:\\