ProSource Media's Blog

The City of Boston is currently the 3rd most expensive rental market in the US behind New York and San Francisco.  Apartment prices have been steadily on the rise for over a decade due to a short supply of housing and a growing demand for apartment rentals.  This demand-growth has been fueled by ...

Harvard, BU, Northeastern, UMass, Tufts, and MIT have all made announcements of their plans to either scale down or phase out remote learning for the Fall 2021 semester.  The much anticipated news is beginning to steady the apartment rental market in Boston, which has been plagued by vacancies as...

The State of Florida has been one of the fastest growing states for over a decade.  The lure of beautiful weather, abundant job opportunities and no state income tax has attracted new residents from the northeast, midwest and Canada.  As the pandemic hit in 2020, the Sunshine State absorbed even ...

The South End has been one of the hottest rental markets in all of Boston over the past decade.  It has solidified itself as one of the most desirable neighborhoods in Beantown, home to the city’s best arts and cultural scene and widely considered to be the epicenter of Boston’s best restaurant o...

Tomorrow will mark exactly 7 months from the day the Fenway vacancy rate began its jaw-dropping blastoff as a result of the pandemic, remote learning, and the international travel ban.  The pivotal 9/1 leasing date came to pass, and Fenway saw the usual number of students moving out as their apar...

Rental prices in South Boston have been steadily on the rise over the past decade.  This iconic Boston neighborhood has transformed itself from the tough blue-collar neighborhood of the twentieth century to the diverse and developing white-collar neighborhood it is today.  Average rent prices are...

The apartment supply issues being faced by many Boston neighborhoods has been well documented over the past year.  Allston and other neighborhoods near local Universities have been plagued by apartment vacancies as a result of remote learning policies being instituted at local schools.  Interesti...

The year of COVID was a tough one for Boston’s apartment rental market, that is indisputable.  Apartment vacancies soared in many of the city’s most expensive neighborhoods as local schools enacted remote learning policies and residents in Downtown fled for open spaces.  Average rent prices for B...

2020 marked a divergent year in the Greater Boston housing market, as prices of homes for sale in Boston increased 7.5% in 2020 while average rent prices for Boston apartments dropped 2.6% city-wide.  There are a few forces at work causing this deviation, leaving many uncertain as to what 2021 wi...

The vacancy rate in East Boston shot up a whopping 207% in the past 12 months.  Now at face value that sounds pretty shocking and could be the story in and of itself, until you peel back the layers a bit more.  So while it’s true that the current East Boston vacancy rate of 3.78% is more than tri...