The Boston rental market is still going strong. Downtown Boston closed last year with an overall 3.9% apartment vacancy rate, which is lower than the five year average of 4.4%.
Reaffirming this trend, a recent article on Boston.com notes, “the demand for housing in Boston is evident. Last year’s condominium market set a record with $2.79 Billion in condo sales. The number of sales transactions exceeded 3,600 and 60% were over $500,000. 2013 was one of the top three years for the number of sales transactions in the last 10+ years.”
Additional figures on Boston’s 2013 rental market are listed in the full Boston.com article, here.