Do you really think Boston apartment rents are going to go down in the near future? Neither do I.
Rents will never go down. I think that’s a fair prediction. Not unless Boston University and Boston College become Framingham University and Nashua College will it happen. There’s just too much demand, no matter how many apartments are built.
I mean never, as in, never this decade, or next, at least.
But, that’s not what others think.
Market watchers add that the large number of apartment projects now in the pipeline should keep rents in check in the future.
MP/F [Research] says 8,337 Hub-area units are currently under construction – more than all of the apartments built in the 1990s.
[Greg Willett, M/PF’s vice president of research] said this added inventory means future rent increases should trail inflation, while renters will enjoy lots of selection.
Does that seem realistic to you? I mean, really.
Source: Boston Real Estate Blog