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.

Learn more at the link below.

https://www.bostonmagazine.com/property/2021/01/08/boston-rents-low/

About the Author

I am the lead real estate agent and founder of the Aviator Properties Team within the premier global brokerage, Coldwell Banker Realty. I'm a Boston, Brookline, and Newton resident since relocating from Washington, DC in 2002 to earn my MBA at Babson College in Wellesley. While Metro West is my home base, my Massachusetts real estate adventures take me from the Berkshires to the Cape and everywhere between to find the extraordinary properties that my clients call home.

My real estate expertise is buoyed by previous experiences ranging from CEO of a venture-backed startup to a decade long stint in TV production. I've been a buyer and seller of residential and commercial real estate, and have founded and operated successful multi-million dollar businesses spanning the industries of e-commerce, consumer products, toys, electronics, and content creation.

Always striving for service excellence, my clients find me overly organized, highly communicative, thoroughly detail-oriented, a creative problem solver, analytically driven, and thoughtful win-win negotiator. My entrepreneurial approach draws upon a cross-sectional toolkit of finance, development, management, sales, marketing, and negotiation skills to deliver reliably favorable results.

A dedicated husband and father of two kids (and two cats), my hobbies range from RC car and drone racing to the pursuit of live music and world travel, and poking holes in the clouds as a private pilot. I am "always-on" and ready to be your secret weapon in your home buying or selling mission. I prize my clients and look forward to sharing my passion for winning at real estate with you!

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