Rents On The Rise

Boston was recently said to be one of the top 25 US cities where rents were on the rise. Coming in at number 12 on the list, rents in the Boston area were up 7% in 2010 and are expected to rise another 6.2% this year. It might be hard to believe but despite these increases landlords throughout the city are reporting fewer turnovers than in years past. Many of the luxury buildings in town are reporting occupancy rates of 97% or better and even smaller individual landlords are reporting far fewer turnovers compared to years past.


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