Renter’s Market in Boston
Now is the time to rent in Boston. With so many brand new building developments such as 1330 Boylston Harborview Charlestown; and Trilogy, recently completed there is a greater supply of luxury apartments than demand for them. As a result, many buildings are offering very attractive incentives to renters.
Archstone Avenir is offering two months free on a 13 months lease. This adds up to some big savings. For example, a 1 bedroom which typically rents for $2,500 per month would now rent for $2,115. A savings of $5,000 over the term of a 13 month lease. Archstone is also paying the full broker’s fee, which is an additional month’s rent. Essentially, you are getting 3 months rent for free.
Archstone Avenir is offering renters some of the most aggressive incentives but many other properties are following their lead. Buildings, all over Boston, which historically had few available apartments are now offering one or two months free, reduced parking rates and waiving amenities fees.
For the most up to date incentives on all of the luxury buildings in Boston please give me a call or email me Bill Carr 781-859-9805 williamc@rikemanre.com
