Boston Self-Storage Rental Fees Spiraling
As the big September moving day approaches, Bostonians have the fewest options to rent self-storage space and face the fastest-rising rental fees in the U.S., according to an industry study.
As the big September moving day approaches, Bostonians have the fewest options to rent self-storage space and face the fastest-rising rental fees in the U.S., according to an industry study.
Homebuilders are cutting back: not just in the number of bedrooms, but also the number of bathrooms and anything else where they can make their plans less expensive to build.
In recent years, Revere has seen the construction of thousands of new apartment units and the opening of new hotels, restaurants and shops. But the activity has been so intense and rapid that many are concerned that it may one day squeeze out many of its largely immigrant and working-class residents.
The sudden plunge in rents amid these students’ exodus has nonetheless provided a vivid illustration as to just how much our local universities distort the local rental market.
Greater Boston may be on track to deliver over 5,000 new apartments in 2019, but it represents a 24 percent drop from last year, while the metro area’s population continues to grow.
Renters in Boston and Cambridge were paying twice the national average in April at over $3,000 per month.
Potential renters have to come up with more than a deposit to rent in the Boston market these days; they’ll need excellent credit as well.