Fenway Apartment Vacancy Rate Up 1,020% YOY As Rental Season Nearscreate
#Fenway #apartment #vacancies up +1020% YOY, 3rd highest jump amongst all neighborhoods. Read our #realestate #marketreport on Active Rain to see why!
Tomorrow will mark exactly 7 months from the day the Fenway vacancy rate began its jaw-dropping blastoff as a result of the pandemic, remote learning, and the international travel ban. The pivotal 9/1 leasing date came to pass, and Fenway saw the usual number of students moving out as their apartment leases expires. Only this time, there were no students moving in.
As a result, the vacancy rate for Fenway apartments rose from 3.38% on August 31 to an unthinkable 17.87% by September 8. All of a sudden, one of Boston’s best areas to live was in a situation where 1 out of every 5 apartments lay empty.
Original Source: https://activerain.com/blogsview/5648769/fenway-apartment-vacancy-rate-up-1-020--yoy-as-rental-season-nears?utm_source=medium&utm_medium=social&utm_campaign=Content&utm_term=company-page