South Boston Apartment Rental Market Report
We wrote this #SouthBoston #apartment market report for our real estate client in #Boston.
The South Boston apartment rental market has long been one of the most competitive areas to find an apartment when compared to all other neighborhoods in the Greater Boston area. It consistently maintains a low vacancy rate and it experiences an even lower apartment turnover rate than nearly all parts of Greater Boston. When South Boston apartments come to market, they are quickly rented, and many astute real estate agents develop long lead times on getting the jump on an upcoming availability.
The pandemic has caused much upheaval in the Greater Boston housing market, and vacancy rates have soared to levels not seen in decades. While the South Boston apartment rental market has seen an increase in supply, it is no where near the record high vacancy rates we’re seeing in the city or even in the suburbs. South Boston seems to be bucking the trend of significantly higher apartments vacancy rates.
