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Average Boston rent down for first time in years — but still over $3K

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Average Boston rent down for first time in years — but still over K


Real Estate

Vacancies are the highest they’ve been since the COVID-19 pandemic, but the city’s average asking rent still clocked in at $3,043 in October, according to Bloomberg.

A sign advertising for Marc Roos Realty in the Fenway. Nathan Klima/The Boston Globe, File

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. 

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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.

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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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Profile image for Abby Patkin

Abby Patkin is a general assignment news reporter whose work touches on public transit, crime, health, and everything in between.





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Boston, MA

Bruins Believe They ‘Didn’t Do Enough’ In Loss To Flyers | NESN

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Bruins Believe They ‘Didn’t Do Enough’ In Loss To Flyers | NESN


The Boston Bruins suffered a 3-1 road loss to the Philadelphia Flyers on Saturday.

Boston entered the game in points in eight-straight games, as the Bruins are competing for a playoff spot. However, Boston’s offense struggled on Saturday, as the Bruins scored just once on Dan Vladar, and head coach Marco Sturm felt like the team didn’t do enough to create more scoring chances.

“(Vladar) played really good, he kind of made those saves he needed to,” Sturm said as seen on NESN’s postgame coverage on Saturday. “We just didn’t do enough of a good job being around him or being front of him.”

Although Sturm didn’t like Boston’s play, Vladar still made some key stops when the game was close. 

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Bruins forward Morgan Geekie had multiple chances and was frustrated that he couldn’t score on any of them.

“Just one of those nights,” Geekie said. “Their goalie played well. Couldn’t quite put it in the spot I wanted to a couple times and Dan made a couple great plays.”

Boston’s lone goal came from Charlie McAvoy, while Jeremy Swayman made 14 saves on 16 shots, as Philadelphia added an empty-netter to secure the win.

With the loss, the Bruins fell to 33-21-5 and are holding onto the final Wild Card spot. Boston will return to the ice at home on Tuesday against the Pittsburgh Penguins.

More NHL: Charlie McAvoy’s Mother Reveals His Immediate Reaction To Team USA’s Gold Medal Win

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MLB notes: New Red Sox pitching directors looking to keep pipeline flowing

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MLB notes: New Red Sox pitching directors looking to keep pipeline flowing


FORT MYERS, Fla. — Over the past few years the Red Sox pitching program has been completely transformed.

Since Craig Breslow took over as chief baseball officer, the Red Sox have gone from one of the worst organizations at developing young pitchers to one of the best, and now the club is overflowing with talented arms who are already making their mark in the majors.

That hasn’t gone unnoticed, and this past offseason one of the people most responsible for executing the club’s turnaround — former director of pitching Justin Willard — was hired away by the New York Mets to be their new major league pitching coach.



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Boston, MA

Red Sox reliever ‘fired up’ to join Team USA after dominant start to spring

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Red Sox reliever ‘fired up’ to join Team USA after dominant start to spring


FORT MYERS, Fla. — It’s hard to imagine Garrett Whitlock’s spring getting off to a better start. The Red Sox right-hander made it three straight scoreless outings through the first week of games Saturday by sending down the Minnesota Twins 1-2-3 in the third during the club’s eventual 13-8 win.

Now, Whitlock will get ready to join Team USA ahead of the World Baseball Classic.

“I’m stoked. I’ve been jittery the past two days, like, ‘Oh man it’s almost here,’” Whitlock said. “Now I’ve got to go home, do some laundry and do some packing.”



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