Boston rents continued to rise while nationwide asking rents stabilized.
A recent Redfin report showed that the median Greater Boston rent rose 4.3 percent year-over-year to $2,794. This gives the Boston metro area one of the highest median asking rents across the country.“
Rents remain stable nationally, but could look very different depending on where you live in the country,” Redfin Senior Economist Sheharyar Bokhari said in a statement. “On the East Coast and in the Midwest, there hasn’t been as much building activity, so asking rents are rising. Meanwhile, if you’re in a Sun Belt city where construction boomed following the pandemic, rents are now falling pretty fast.”
Source: Boston Rents Continue to Rise Despite Pulse of New Buildings – Banker & Tradesman
