Boston 2021 Residential Rental Market Predictions

Photo via Getty Images/Roman Tiraspolsky

Interesting Boston Magazine article highlights analysis by Zumper on the Boston residential rental marketplace, which concludes that rentals in Boston proper may remain soft for years to come, and may not have hit bottom yet because outbound migration of the city continues. However, with the migration to the suburbs comes increased demand and higher rental pricing in the suburbs. Ultimately, due to limited inventory, the shifting rental economics may balance out in the suburbs attracting more residents back to downtown neighborhoods.

Of course, college enrollment has and will continue to have a large impact on Boston’s rental housing market, and come June, when the majority of students and universities decide upon their in-person vs. virtual stances, will bring further clarity to the question of Boston’s rental rates. Personally, I believe post-vaccination, colleges will return to normalcy by fall ’22, and fall ’21 semester will be a slower return, but enough to stabilize rents in the near term, for an uplift come summer ’22.

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About the Author

I'm a top-performing Realtor and the founder of Aviator Properties Team at Coldwell Banker Realty, the world's premier real estate brokerage. With over 20 years of business experience and a proven track record of success, I help clients buy, sell, and invest in extraordinary properties throughout Boston and Metro West. Based in Chestnut Hill, I operate out of Coldwell Banker Brookline and my home office in Newton, MA.

I have a broad range of expertise covering new construction luxury homes, antique historic homes, high-performance passive homes, multifamily investment properties, condos, townhouses, and single-family houses. My clients have benefited from this diverse background and my ability to decipher trends and provide strategic guidance on the ever-changing real estate market. From first-time homebuyers to seasoned investors, I am committed to delivering exceptional service and successful outcomes for each of my clients.

My experience is not limited to real estate. Previous to becoming a Realtor, I worked for a decade in TV production, earned my MBA at Babson College in Wellesley, and founded and served as CEO of my Boston-based startup, Mimoco, merging consumer products, toys, electronics, licensing, and content creation generating more than $30M in sales.

As an entrepreneurial problem solver, I bring a unique approach to real estate that draws upon my cross-functional skill set in finance, development, management, sales, marketing, and negotiation. My clients describe me as overly organized, detail-oriented, analytical, and a communicative professional who is trusted in delivering favorable results and creating win-win situations.

When I'm not helping clients achieve their real estate goals, I am a dedicated husband and father of two teenage children (and two crazy cats). In my free time, I enjoy playing tennis, drone photography, live music, and exploring the world through travel. As a private pilot, I also love to take to the skies and find new perspectives.

As your mission-driven co-pilot, I promise to go above and beyond to elevate your real estate experience to the highest level with the least amount of stress. Let me be your secret weapon in your home buying or selling mission. I value my clients and look forward to sharing my passion for winning at real estate with you!

Real Estate Accreditations: Massachusetts and National Association of REALTORS®, Accredited Buyers Representative, Luxury Property Specialist, Resort and Second-Home Property Specialist, NAR Green