Apartment Rents Trending Downward in Some Boston Suburbs
Apartment rents are trending downward amid a wave of new buildings coming online, including a 3.6 percent annual decrease in development hotspot Everett.
Apartment rents are trending downward amid a wave of new buildings coming online, including a 3.6 percent annual decrease in development hotspot Everett.
Greater Boston grew its housing stock at by 6.2 percent over the last 10 years, according to new Census Bureau data analyzed by apartment rentals website Apartment List, but it wasn’t nearly enough to accommodate job growth over the same time period.
New projections from the Boston Planning & Development Agency predict Boston will gain almost 60,000 new residents by 2030.