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Real Estate
Boston’s rental market has tipped ever-so-slightly in renters’ favor, partially owing to out-of-state migration, a cooling biotech industry, and tighter student visa restrictions, according to a recent Bloomberg report.
On the one hand, vacancies are the highest they’ve been since the COVID-19 pandemic, and the average rent in Boston has dipped for the first time since 2021, Bloomberg reported.
On the other, the city’s average asking rent still clocked in at $3,043 in October, and reporting from The Boston Globe indicates that rents in Boston’s urban core have risen sharply between 2022 and 2025, despite the recent slowing.
Still, decreasing demand has left landlords dangling price cuts and other concessions in a bid to lure tenants.
Over in Cambridge, according to Bloomberg, a three-bedroom unit near the Massachusetts Institute of Technology has been sitting vacant for more than five months — even with a price cut from about $4,200 a month to $3,550. Landlords elsewhere are going into bargaining mode: new tenants at Luka on the Common in the Theater District can get one month free and a $500 gift card, while renters who sign a 17-month lease at The Indie in Allston can get up to three months free.
Desperately needed additions to the region’s housing supply have helped ease demand; Boston’s metro area added 8,600 units over the past year, about 20% higher than its 10-year average, Bloomberg reported, citing RealPage Chief Economist Carl Whitaker.
But according to the news outlet, it’s “economic jitters” driving down rents — not an oversupply of new developments.
The recent reversal follows years of growth fueled by the region’s biotech industry, now beset by plunging valuations, layoffs, and cuts to federal research funding. Separately, as Bloomberg noted, immigration raids and student visa restrictions have taken their toll on international student enrollment, leaving some of Boston’s college-heavy neighborhoods emptier than usual.
“I’ve been doing real estate and technology for 30 years. I’ve never seen anything like this,” Demetrios Salpoglou, CEO of Boston Pads, told Boston.com in August. “It’s very acute. It’s not impacting all neighborhoods … it’s really proximity to a lot of universities that have a heavy reliance on foreign money or foreign enrollment.”
Adding to the uncertainty, Massachusetts was one of just two states that saw negative employment growth for the 12 months ending in August, according to Bloomberg. And while it remains unclear how long tenants will have the upper hand, there’s a push underway for a 2026 ballot question that would tie annual rent growth to cost of living increases, with a 5% annual cap.
In the meantime, according to Bloomberg, landlords and agents are hoping to see leasing activity bounce back in the new year.
“Everyone’s anxiously waiting to see what happens in the spring,” Damian Szary, an executive at the real estate firm Redgate, told the news outlet.
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FIFA World Cup host cities lay out security plans ahead of matches
Host cities ramp up security and anti-human trafficking efforts ahead of FIFA World Cup matches across the U.S.
The FIFA World Cup is coming to Massachusetts, and when it comes to having a place for people to hang out together, there will be a free fan zone where everyone can celebrate the big event.
Seven World Cup matches will take place at Gillette Stadium in Foxborough, MA this summer, and the first one is right around the corner, to be played on June 13, with Scotland taking on Haiti.
Fan Zones are a public space to watch the game for people who don’t have tickets to the actual game. Held in public places, they broadcast the mach on giant screens to offer an immersive experience to watch the game, according to FIFA>
“At the heart of FIFA Fan Festival Boston, (a) Cultural Showcase will ignite the stage with a vibrant celebration of the spirit, creativity, and cultural heartbeat of Boston and communities across the Commonwealth of Massachusetts,” FIFA said.
Where will the fan zone be located when the World Cup games start in just 11 days?
The official FIFA Fan Festival for the 2026 World Cup in Boston will be located at Boston City Hall Plaza at 1 City Hall Sq. Boston, MA.
“The festival will run daily from June 12 through June 27, offering live match broadcasts, cultural showcases, food vendors, and entertainment,” according to FIFA.
The fan zone will open between 11 a.m. and 3 p.m. and will stay open until after dark, between 8:30 p.m. and 12:30 a.m. according to reports.
Here are some of the offerings at the fan zone in Boston, according to the FIFA website:
While the game is free, you do need to register in advance.
“You can select which days and matches you plan to attend through the FIFA World Cup Boston 2026 website or the Meet Boston events page. Up to six people can register on a single application,” the World Cup Boston website says.
So you’re saying there’s a chance? Despite an abysmal start to the 2026 season, the Boston Red Sox remain in the mix for a playoff spot. At least according to FanGraphs, who gives the club a 27.1% chance of reaching the postseason.
Boston’s likely path to October means winning the wild card. FanGraphs gives the Red Sox a 26.1% chance of winning an American League wild card. The team currently sits threes games back of the third and final wild card, despite a record of 25-33.
Don’t look for a division title this year in Beantown. FanGraphs gives the Red Sox a 1% chance of winning the AL East. Which makes sense, since the team currently sits in last place, 11.5 games behind the first-place Tampa Bay Rays.
But SI’s Tom Verducci and Will Laws thinks Boston has a much tougher chance of making the playoffs. In their deep dive of the postseason, the pair came up with what they call the “Line of Doom.” According to their research, a team that starts “no better than 23–31 and your season is almost over only one-third of the way through the schedule.” Here’s why.
“In the wild card era (since 1995), only one team made the postseason starting with less than 22 wins in the first 54 games, the 2005 Astros (20–34). Of the 231 teams to start 23–31 or worse, only seven made the playoffs—once every 33 times,” Verducci and Laws note.
“Since the postseason field expanded in 2022, 31 teams began 23–31 or worse. Only one, the 2024 Mets (22–32), made the playoffs. That leaves such slow starters with a 1 in 31 chance—virtually the same as the larger sample size,” the pair add.
“The fact is one-third of the season does a good job separating pretenders from contenders. And as the calendar flips to June, understand that the playoff spots won’t change very much. In the four seasons with 12 playoff spots up for grabs, teams in playoff position when May ended kept a playoff spot 73% of the time—35 of 48 teams,” Verducci and Laws conclude.
So what does this have to do with the Red Sox, you ask? It’s Boston’s record after 54 games: 23-31. The “Line of Doom.”
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