Greater Boston rents continue to rise, and at a faster clip
Average Boston-area rents over the spring months increased at the quickest pace in three years.
Just in time for the mad rush to secure Sept. 1 apartments, some bad news for renters: Average Boston-area rents over the spring months increased at the quickest pace in three years, the Globe’s Katheleen Conti reports.
The average rent in Greater Boston for the second quarter of the year hit $2,187, up more than 4 percent compared with the same period last year, according to data from the real estate firm Reis Inc. Last year at this time, rents grew by just 2 percent year over year.
The Boston-area average for April, May, and June was the highest quarterly increase — compared with the first three months of the year — among the 79 major metro markets tracked by Reis. Nationwide, the average rent in those markets for the second quarter was $1,337.
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