We all know that the Downtown Boston rental market is red hot right now. In fact, listings are flying off the shelves as we get deeper into the summer real estate rental season. Just this week alone, there have been close to 100 units that has already gone off market - and we're just talking about the 4 Central Downtown neighborhoods of North End, South End, Back Bay, and Beacon Hill!
So, what exactly does this mean? Well, two things: inventories will continue to fall, and rental rates will most likely skyrocket leading up to the highly-anticipated August and September move-in dates. As a matter of fact, rental rates have slowly been increasing since the beginning of the year. Trulia puts the average monthly increase in rent close to 4 percent. That might not be a big number, but consider year over year comparisons and you'll be astonished with what you could've afforded a year ago.
Yet, it seems renters are unaffected, and regardless of these increase, people are still on the prowl for rental properties in Boston with quite the appetite, gobbling up more than 300 units in a span of three months. And with of this turnovers and lease signings, it won't be soon before long that apartments - specifically one bedroom listings in the city's central locations will be close to nill. But don't fret, we've got you covered. Here's our rundown of one bedroom Downtown rentals (North End, South End, Back Bay, and Beacon Hill) that you might want to take a look at the coming days:
Interested? Call us now to schedule showings while they last! Pick up that phone and dial (617) 505-1781 to see your future apartment!