Boston Rents Down for Luxury, Up for Everything Else

Rents in Greater Boston have fallen slightly over the last year — but only in the top tier of the market. For everyone else, they’ve ticked up. The changes in this region’s rental prices are quite small, but follow a trend in large metropolitan regions across the nation. In Boston, like most other major cities, rents have fallen for the highest earners since last August. Naturally, throughout the last seven years, rents in Greater Boston have increased for everyone, but substantially less so in the luxury market. The median rent in the most expensive third of the local market increased 20 percent from June 2011 to June 2018. For the bottom third, it’s risen 27 percent. For the middle third, it’s increased 32 percent.

Screen Shot 2018-08-27 at 1.25.25 PM.pngThe divergences at different rental points indicate steady growth in all sectors, signifying a ripe opportunity for investment in all markets–– especially luxury homes. The numbers are remarkably positive, and all signs indicate a market that is seldom situated in such a financially convenient position for buyers, sellers, and renters alike. Below are several links to fantastic luxury properties now available for rent/sale in Boston proper as well as the Greater Boston area.