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Globe chart

Friday’s Boston Globe featured a revealing look at Boston’s apartment market, which has strikingly high vacancy rates.  In turn, rent prices, which had been steadily increasing, are on the decline for the first time in a decade.  Luxury communities and property managers are “chasing after prospective renters, showering them with deals.”

South of Boston, the discounts are even more pronounced.  Owners of high-end apartment communities and private properties, like the ones listed below, are offering two- and even three-months free on a standard lease.  Here’s what the updated prices look like…

The prestigious BroadLux condominiums – Faneuil Hall

Market rent: $3,400

Discounted rent: $2,800

4-floor, 3-bed townhome on the water– Port Norfolk

Market rent: $2,700

Discounted rent: $2,500

High-end penthouse (heat/hot water included) – Quincy

Market rent: $2,200

Discounted rent: $1,910

Luxury apartment with free shuttle to the T – Quincy

Market rent: $1,596

Discounted rent: $1,383

Top-of-the-line, 1-bed luxury townhome – Braintree

Market rent: $2,449

Discounted rent: $2,080

Spacious 1-bed on preserved land – Braintree

Market rent: $1,884

Discounted rent: $1,413

If you’re a renter and know where to look, you can take advantage of Boston’s historically generous discounts.

Call Patriot to learn more: (617) 436-6000
Patriot Real Estate Group homepage

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