![]() ![]() It was also down -80% from Fenway’s pre-COVID RTAR in late November 2019 (3.05%).ĭespite the rent decrease, Fenway’s average rent price of $3,115 is nearly $500 more than Boston’s average ($2,632). Fenway’s RTAR contracted to 0.61% by late November, down an astonishing -97.53% in a 6 month span. We witnessed what was arguably the fastest rental supply absorption in Boston’s history. At that point, the worst of the pandemic seemed to have passed and schools announced plans to reopen in fall 2021.īoston apartment renters came out in full force as initial COVID fears began to wane. Then, starting in April, we witnessed one of the fastest market corrections in history. By April 2021, the real-time availability rate for Fenway apartments (24.37%) was 3rd highest out of all neighborhoods behind Allston (26.8%) and Downtown (25.37%). That marked the 2nd highest RTVR recorded by all neighborhoods during the pandemic, behind Downtown (25.24%).įrom there, Fenway’s apartment supply issues only worsened. In 2020, Fenway’s real-time vacancy rate (RTVR) rocketed to 17.87% in September. Multi-Family Homes for Sale in Boston, MAįenway’s apartment rental market has been on a wild ride since COVID began. ![]() Real Estate & Homes for Sale in Boston, MA. ![]()
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