Boston apartments

https://bostonpads.com/blog/boston-rental-market/2022-cambridge-apartment-rental-market-report/ Thus far, 2022 has been good to the apartment rental market in Cambridge, MA. After 18 months of rental supply saturation and price shrinkage caused by COVID, the market in Cambridge has turned a corner. Now, availability of Cambridge apartments is on par with pre-pandemic levels and the average rent price is closing in on its all-time high set in April of 2020. Even more impressive, the real-time vacancy rate (RTVR) in Cambridge hit an all time low of 0.50% last month, indicating that renter demand is outpacing apartment supply at the current moment. Cambridge Apartment Supply Metrics The current RTVR in Cambridge is 0.62%, up slightly from its all time low set late last month. That is 46.09% lower than the pre-COVID RTVR in mid-May 2019 (1.15%). This is a remarkable recovery considering the vacancy rate hit an unprecedented 8.27% in October 2020. There are still 3 months ahead of u...

https://moneyfinancenews.com/cambridge-yoy-rent-price-change-back-in-black/ After 18 months of rental supply glut, the Cambridge rental market appears like its back on track. After surpassing Brookline in 2019 as Boston’s most expensive suburb to rent an apartment, rent prices tumbled during the pandemic on account of a surge in apartment vacancies and a drop in occupancy. Now the most recent rental data for Cambridge MA shows that the year-over-year change in Cambridge’s average rent price is back in positive figures, and in March it currently sits at +1.53% compared to 12 months ago. The average rent price for Cambridge apartments was down year-over-year by -6.58% in May of last year. This was a result of a huge +534.88% year-over-year increase in vacancies that was recorded in March of 2021 in Cambridge. Since remote learning was nixed in March of last year, the market rebounded drastically and absorbed much of the vacant inventory in the months that followed. Now, the curr...