Boston apartments

https://bostonpads.com/blog/boston-rental-market/2022-charlestown-apartment-rental-market-report/ The apartment rental market in Charlestown, MA has undergone some changes over the past two years. Charlestown did not experience the same apartment supply disruption as most of the neighborhoods in Boston during the pandemic. While Boston’s real-time availability rate (RTAR) peaked at 13% last year, Charlestown’s RTAR recorded a much lower yearly high of 6.42%. Now, both RTAR and real-time vacancy rate (RTVR) are below the historical averages for May, and the RTVR currently sits at an all-time low of 0.44%. Despite the relatively stable rental supply, rent prices for Charlestown apartments have dropped by a larger margin than most neighborhoods in Boston. This may present an opportunity for renters in 2022.

http://markets.chroniclejournal.com/chroniclejournal/news/read/42072568 Apartment demand has been gradually picking up across most of Boston metro’s markets. Charlestown, being one of the key rental markets, is also on its path to recovery with rent prices increasing and apartment availability falling when compared to last year. When we analyze the rental market data trends in Charlestown, a neighborhood on the northern edge of Boston, we can see that demand has picked up, albeit slightly. Though there are clear signs that rental demand is improving in Charlestown, when compared to Boston as a whole, the supply figures in Charlestown don’t paint a great picture. However, it’s not far behind and is fast catching up so we speculate that the rental market will improve next year. The real-time availability rate (RTAR) of Charlestown apartments is 1.63%, which is near the average for the city at the moment. At 1.64%, Boston has recorded a near-identical availability rate. But the real-ti...