Boston Luxury Condos for Sale or Rent in 2021
Beacon Hill Rental Units – High Inventory – Decreased Demand
And the Result is a Rental Price Correction
Currently, inventory levels exceed 300 – Why has demand declined? The answer is simple – fewer people are making the move to the city. Fewer colleges are having in person classes and more on line learning; most office workers are still being asked to work from home, baby boomers that were selling their houses in the suburbs and moving to the city to enjoy the theatre, sporting events, museums and restaurants – are postponing their move with these benefits diminished. So, who is moving to the city? Well – our friend Warren Buffet believes that investors should be “fearful when others are greedy , and greedy when others are fearful” – so the savvy investors are buying. Essential workers continue to search for living in the city, and of course city dwellers that have desire for the suburban life. Give a Downtown Boston Broker a call at 617.721.0594 and discuss your options and whether a move to the city is right for you!
Boston Luxury Condos for Sale or Rent in 2021
