South Boston Average Rent Price Rapidly Approaching $3K
https://cdkeysdirect.com/south-boston-average-rent-price-rapidly-approaching-3k/ Following a year of pandemic related market uncertainty, South Boston’s rental market has turned a corner and has recorded rapid rent price growth since November. Now, the average rent price for apartments in South Boston sits at an all-time high of $2,990 and looks primed to break the $3,000 mark within the next few weeks. Just a year ago, the average rent price in South Boston was down by -4.08% after apartment availability surpassed 4% for the first time in years. Despite the higher than average availability, South Boston never saw the unprecedented supply glut that many of the city’s premium markets endured. Now twelve months later, the most recent rental data for Southie shows that the rent price is up 8.25% year-over-year and continuing to push higher and higher after surpassing its all-time high in February of this year. Prices began to trend back upwards in South Boston in November after apar...