SymphonyApartments.com has completed an in-depth study of the Symphony MA area and has found the vacancy rate to stand at 2.57%. Symphony Apartments indexes over 2,059 units in the Symphony area. Of those 2,059 units, 53 are currently available for rent. Luxury units utilize internal leasing staff and often provide fluctuating vacancy rates, and for this reason, they were purposely omitted from this study.
Renters looking for the best bang for their buck should consider anything over a 2 bedroom. The average price of a studio and one bed can range from $1500-$2200 on average. Two beds on average range from $2800-$3800. With three beds and higher, one can get an apartment closer to the $1000 per person range.
Renters are drawn to a hip nightlife and an easy commute both into and out of Boston. The MBTA green line services many of the central areas of Symphony while MBTA bus lines canvas some of the more suburban areas. Sections of Symphony afford car-owners easy on-street parking as well as direct access to many major roads including Huntington Avenue, Gainsborough Street, Hemenway Street, and Massachusetts Avenue. A commuter rail station (in Ruggles) is also here for those looking for easy and affordable access points.
Renters who are looking to travel into the city can expect T commutes as short as 10 minutes into the heart of Boston. For those looking to find local entertainment, great local bars are easy to find. Symphony is home to multiple local bars and with close proximity to the Prudential Center and Back Bay, entertainment and nightlife is incredibly easy.
This 2.57% vacancy rate is higher than expected this time of year. Real time vacancy rates are usually much lower in the fall than they are during the peak rental periods when most apartments turn over. What happened with the market this year towards the end of the summer was not expected by many; a lot of units, especially in the Symphony MA area went vacant. Many landlords have started paying the broker fee and cutting prices dramatically to compete with the local market. The problem for landlords is that there is not many people still looking for an apartment in Boston. Owners for once do not have the upper hand in this market, and renters should consider seeking the professionalism and expertise provided by local agents, who know all the inventory. The agents found on SymphonyApartments are experienced in a variety of rental markets and can often find deals that solo apartment hunters cannot. Professional real estate agents found on the Symphonyapartments.com website have access to over 122,260 listings and over 15,030 landlord phone numbers, and will often contact them frequently trying to get the first jump on an apartment before or as it is coming to market. Agents also ensure that all necessary paperwork is completed correctly and presented to choosy owners in the best possible light. In order to avoid the headache and frustration that is inevitable in this year’s apartment hunt, consider reaching out to the experts found at Symphony Apartments.
If you are an owner with a currently vacant apartment, it is imperative to stay informed on current market trends. The experts found on Symphony Apartments have over 2,059 listings in the Symphony MA area to compare in order to help price your income property to stay competitive in this tight market.
SymphonyApartments.com is part of the BostonPads.com network, the largest real time apartment database in MA with over 122,262 apartment listings and more than 15,030 landlords in the Greater Boston Area. To learn more about the Symphony real estate market, check available listings, explore investment opportunities, or get in touch with a qualified agent, visit SymphonyApartments.com