The Rental Market Reset: Post-Pandemic Trends
June 13, 2021By Maggie Li
The Rental Market Reset: Post-Pandemic Trends
After a year of uncertainty, the Boston rental market is roaring back. With universities returning to in-person learning, the 'September 1st' rush is looking more intense than ever.
What's Changing?
Concessions are Disappearing: Those 'two months free' deals from 2020 are gone. Demand for Amenities: Renters now prioritize in-unit laundry and home office space. Seaport Dominance*: Luxury rentals in the Seaport and South End are seeing record-low vacancy.
The Buy vs. Rent Debate
With rents rising, many are finding that owning a condo in East Boston or Dorchester is actually more cost-effective in the long run.
Sick of the rental cycle? Let's see if 2021 is the year you become a homeowner.