Apartment Availability Hits Astronomical 27.4% in Allston, MA
By Zachary Parker, Real Estate Journalist
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. Interestingly enough, prior to February of this year, the Allston apartment rental market seemed to be holding steady in terms of vacancies compared to other popular student enclaves in Boston like Fenway and Mission Hill. That all changed over the past 7 weeks, as the real-time availability rate for Allston apartments shot up to an unthinkable 27.4%, making it the highest availability rate of any Boston neighborhood. That means more than 1 out of every 4 apartments in Allston is available for rent, ...