Boston apartments

https://canvas.emerson.edu/eportfolios/39662/Home/Fenway_Apartment_Vacancy_Rate_Sits_At_11_After_Hitting_1787_In_September_2020 Fenway’s inventory of empty apartments has almost reached zero. According to the most recent Fenway apartment data from Boston Pads, the current vacancy rate sits at .11%, down 90% from its pre-pandemic level in February 2020 (1.01%). Even more astounding is the fact that Fenway’s vacancy rate skyrocketed to an all-time high of 17.87% in September of 2020. Fenway’s supply disruption and subsequent recovery over the past 2 years can largely be attributed to remote learning. Given its close proximity to the city’s largest universities, Fenway’s apartment rental market is fueled by the demand for off-campus apartments near Boston University and Northeastern. When campuses closed in Fall 2020, the effects on the rental market were devastating.

https://bostonpads.com/blog/boston-rental-market/fenway-apartment-rental-market-report-2022/ Fenway’s apartment rental market has been on a wild ride since COVID began. In 2020, Fenway’s real-time vacancy rate (RTVR) rocketed to 17.87% in September. That marked the 2nd highest RTVR recorded by all neighborhoods during the pandemic, behind Downtown (25.24%). From there, Fenway’s apartment supply issues only worsened. By April 2021, the real-time availability rate for Fenway apartments (24.37%) was 3rd highest out of all neighborhoods behind Allston (26.8%) and Downtown (25.37%). Then, starting in April, we witnessed one of the fastest market corrections in history. At that point, the worst of the pandemic seemed to have passed and schools announced plans to reopen in fall 2021. Boston apartment renters came out in full force as initial COVID fears began to wane. We witnessed what was arguably the fastest rental supply absorption in Boston’s history. Fenway’s RTAR contracted ...

https://campusqueretaro.net/2021-fenway-rental-market-report/ Being home to the Boston Red Sox and several large universities, Fenway’s apartment rental market is usually in high demand. That all changed in 2020, when remote learning sent apartment availability through the roof in Boston’s student enclaves. Fenway’s real-time availability rate (RTAR) ballooned to an unprecedented 18.96% in December 2020. A year later, that figure has contracted to 0.88%. So to recap 2021, we began the year with record high apartment availability, and we’re ending it at an all-time low.