Jun 30, 2021
South Boston Seeks To Reclaim Title As Boston’s Toughest Apartment Rental Market
#Southie looks to reclaimed its title as #Boston’s toughest #apartment #rental market. Read about its resurgance and its unlikely adversary.
After a brief apartment supply surplus in South Boston, it seems like it’s back to business as usual for one of Boston’s scarcest rental markets. Since jumping to a decade-high 2.82% in September of 2020, the vacancy rate for South Boston apartments has trimmed back down to its fighting weight-class, a slim 0.81%. That marks the second lowest vacancy rate in all of Boston’s metro behind surprise contender Roslindale (0.73%).
Southie has been the stalwart of the Greater Boston rental market for nearly a decade. During that time South Boston saw arguably the lowest apartment turnover in the City. That was coupled by steadily increasing housing demand as Southie became widely enamored as the heart of Beantown and the embodiment of its blue collar grit. The only thing tougher than South Boston was finding an apartment to rent there.
