ProSource Media

https://bostonpads.com/blog/boston-rental-market/2023-south-end-apartment-rental-market-report/ South End’s apartment rental market peaked early in 2023. Availability for South End apartments hit its yearly high mark in February of this year and has been falling since. Considering that apartment availability typically peaks in April in the South End, it’s an ominous sign that inventory continues to struggle to keep pace with demand for apartments in Boston’s South End. As a result, the average rent price in the South End is up by double digit margins since last year and hit an all-time high a few weeks ago in March. Here are the main trends driving South End’s apartment rental market in 2023.

https://olivercapitalconsortium.com/south-end-rental-supply-sits-at-all-time-low/ South End’s apartment rental market has emerged from the pandemic stronger than ever. The most recent South End apartment data shows both apartment availability and vacancy rates have surpassed their previous all-time lows. South End is currently sitting on 99.7% occupancy with an availability rate of 2.86%, which is 22.28% lower than its pre-pandemic level in March of 2019. South End’s vacancy rate hit its all-time low mark in November of 2021, when it dropped to a slim 0.40%. Apartment availability eclipsed its all-time low just two months earlier in September when it fell to 0.87%. That marked a -45.96% drop from the previous all-time low set in October of 2019 before the pandemic began. Even more impressive is the fact that the vacancy rate for South End apartments typically hits its cyclical low in late August before the pivotal 9/1 leasing date, when most leases begin in Boston. With 5 months...