Boston’s Building Boom

Posted by Kevin Cleary on Tuesday, December 13th, 2011 at 9:08am.

‘Investment’ and ‘development’ in the real estate market are two terms we have not heard much of these past few years. Fortunately for our city, however, residential developers and real estate investors are doing their part to keep the Boston housing market going strong, in spite of the lagging regional economy. A recent article on Boston.com explains that multi-family housing projects are on the rise, thanks to the profit-making combination of rising rent prices, low vacancies and interest rates hovering around 4 percent. This formula has resulted in increased rates for investor returns compared to what we have seen the past few decades, and hence an opportunity for high profits in an extremely difficult market. Demand for apartment projects has seen incredible response, with nearly 5000 units of housing proposed or newly under construction since the start of 2011. Boston has an especially comprehensive rental market, with a high concentration of specialized professionals who seek to live in the city resulting in one of the lowest vacancy rates in the nation, at 4.2 percent. To find out how you can take advantage of our city’s incredible investment opportunities such as these, contact me today.

My past clients have benefited from my extensive market knowledge, enthusiasm for presenting property and commitment to managing their needs – and I’m here to help you with the same. After establishing your Real Estate goal, executing your transaction becomes my responsibility 7 days a week, and I work hard to maintain a clear path of communication with every one of my clients. Call, text or e-mail me anytime!

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