Housing Market Cooling Down

In Boston, the once red-hot rental market is experiencing a serious downturn -- creating a renter's market unheard for years.

1 minute read

October 12, 2001, 4:00 AM PDT

By Christian Madera @http://www.twitter.com/cpmadera


"Boston's once-scorching rental market has begun to cool, with demand slipping and vacancy rates climbing from less than 1 percent this time last year to roughly 5 percent now. The new signs of the times: A for-rent sign on Charlestown's upscale waterfront with an offer of one month's free rent, South End landlords paying finder's fees for tenants, and renters redeeming coupons for $100-a-month rent reductions." However, housing advocates say that even with the recent changes, most workers still can't afford the average apartment.

Thanks to Christian Peralta

Thursday, October 11, 2001 in The Boston Globe

courses user

As someone new to the planning field, Planetizen has been the perfect host guiding me into planning and our complex modern challenges. Corey D, Transportation Planner

As someone new to the planning field, Planetizen has been the perfect host guiding me into planning and our complex modern challenges.

Corey D, Transportation Planner

Ready to give your planning career a boost?

View of dense apartment buildings on Seattle waterfront with high-rise buildings in background.

Seattle Legalizes Co-Living

A new state law requires all Washington cities to allow co-living facilities in areas zoned for multifamily housing.

December 1, 2024 - Smart Cities Dive

Times Square in New York City empty during the Covid-19 pandemic.

NYC Officials Announce Broadway Pedestrianization Project

Two blocks of the marquee street will become mostly car-free public spaces.

December 1, 2024 - StreetsBlog NYC

'Vertical canyon' on glass-clad residential high-rise in Denver, CO.

Denver's New High-Rise Integrates Vertical Canyon in Architectural Design

Unlike other new builds in Denver, Colorado, a new high-rise reveals a unique “sculptural canyon” running vertically through the facade to foster a sense of community and connection to nature.  

November 29, 2024 - designboom

Close-up of black electric bike with person resting one foot on ground and holding blue helmet.

California E-Bike Rebate Program Launches — Again

After a series of fits and starts, CARB says the program will begin accepting applications this month.

December 5 - Streetsblog California

Vintage multi-story brick apartment building and modern concrete and glass apartment building separated by a steep public stairway in Los Angeles, California.

Analysis: Localized Upzoning Less Effective

Changing zoning rules for a small number of parcels can increase land values and housing costs without boosting the housing supply.

December 5 - Governing

Acela Amtrak train in station in New Haven, Connecticut.

Amtrak Breaks Ridership Record in FY 2024

More Americans than ever rode the rails last year, also bringing the agency its highest ticket revenue.

December 5 - Smart Cities Dive

Urban Design for Planners 1: Software Tools

This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.

Planning for Universal Design

Learn the tools for implementing Universal Design in planning regulations.