Archive for the 'Rental Market' category
Cambridge now the top rental market?
sited from Boston.com
Move over Back Bay and Beacon Hill. The 1980s and 1990s were good for you, but there is a new king of the rental market across the Charles.
Asking rents in part of Cambridge are now rivaling or even topping those in Back Bay and Beacon Hill - no small feat given some of the outrageous rents some owners of downtown Boston luxury condos are now seeking.
And vacancy is arguably even tighter - Tory Row Real Estate's Arthur Horiatis pegs the Cambridge apartment vacancy rate at about 1 percent.
That's down from a still tight - but more terrestrial - 4 to 5 percent just a few years ago.
Cambridge has New Economy vibrancy. Back Bay and Beacon Hill, bastions of the financial sector, don't.
Here are a couple of plugs for the Cambridge market by a couple of unabashed partisans. For those who would rather stay in Boston, here's your chance to make the case for renting on Beacon Hill or Marlborough Street.
Don't be shy. continue article...
