Key change as Boston rents head down

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What goes up usually also comes down
A Christopher Evans image

– News from elsewhere covered by Quincy Quarry News

 

Rents in Boston have fallen for the first time in six years, according to a new report, as housing supply is finally starting to catch up to demand.

 

“It’s slowed up, it’s changing, but it’s not something that’s unhealthy… There’s a lot of people on the development side, a lot of the bigger developers are taking a pause right now,” said Greg Vasil, chief executive of the Greater Boston Real Estate Board.

 

A City on the Move hits the wall?
An Iconic Quincy Quarry News file photo

This decline, however spun as but a modest decline, surely poses legitimate concerns for the Q as over a thousand new apartments are soon to become available in Quincy as well as that plans for a couple thousand more are pending.

 

After all, the Koch Maladministration is basing its latest plans to try to make see its dream of making Quincy Center great again on the development of new premium rental rate housing within the center as the catalyst.

 

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