The Boston rental market continues to grow

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With the news that more and more companies are setting up offices into Boston and Cambridge, it's a sure bet that what will follow is more and more people looking to live in the city.  The construction industry has already noticed, for evidence you only have to look at the South Boston waterfront area.  There are several residential buildings under construction or in the planning phase.  Some of the units being built are so-called micro-units.   These tiny (600sqf) apartments are supposedly the way of the future for singles wanting to afford to live in the city.  It remains to be seen if they will catch on, I read that the first batch of units were renting for $2,000+ per month, no great bargain.  I don't think the traditional rental units are under any great threat.

According to a recent Boston Globe article written by Casey Ross the downtown population has grown by 20% since 2010.  The population continues to grow, that's good news for investors considering the residential real estate market in Boston.  Rents remain high and in most locations are growing.