Category Archives: Boston Real Estate Trends and Statistics

The Porter/Davis Square in Cambridge/Somerville Real Time Apartment Vacancy Rate is 4.14% as of May 7th, 2014

Spring has sprung in Boston and Boston residents are out in full force enjoying the beautiful weather. What’s not springing up is much in the way of new apartment listings for those looking to make a move. If you’re looking to relocate to the Porter or Davis square area of Cambridge and Somerville, you’ll be interested in knowing that the real time vacancy rate for these areas is currently sitting at 4.14% This figure comes from an analysis provided by BostonPads.com – the largest real time apartment rental database in New England. At the moment, BostonPads.com has over 121,000 apartment listings in the Greater Boston Area. Of these 121,000+ listings, 1,256 of them are in Porter/Davis Square. There are 52 apartments currently listed as available in Porter/Davis. In other words, there are 47 properties that are vacant now or available to be rented between now and September 1st. This gives Porter and Davis Square a vacancy rate of 4.17%. For comparison, the overall vacancy rate of Greater Boston is 6.4%.

Porter square is located north of Boston and occupies both the cities of Cambridge and Somerville. Davis Square is located just above Porter Square and occupies Somerville exclusively. If you follow Mass Ave up through Cambridge you’ll eventually come to intersection of Somerville Ave. This area filled with shops, bars, small businesses, galleries is known at Porter Square. Keep heading north towards Winchester and you’ll find yourself in a major intersection of Holland Street, Dover Street, Day Street, Elm Street, Highland Ave and College Ave. This vibrant space filled with commercial, retail, nightlife and dining options is known as Davis Square. The types of housing you’ll most typically run see here includes privately owned homes, condos and professionally managed buildings.

In 1984, the area got a huge boost when the Red line was extended from Harvard to reach through Porter all the way up to Alewife Station. The Porter Square Station also serves as a stop on the Commuter Rail Fitchburg Line. During a period between 2004-2006 Porter square went under a huge renovation project to make it friendlier for vehicles, pedestrians, cyclists and mass transit commuters alike. It also got a major aesthetic overhaul that added a new circular design layout abutted by concrete paving, stone walls and selectively places boulders. A major portion of Lesley University sits on the southern portion of Porter Square, providing the neighborhood with a modest college population.

Davis Square is also served by its own stop on the MBTA Red line. The surrounding areas include Porter Square, Powder House Square, Magoun Square, Spring Hill and Tufts University. With its 10,000+ students, Tufts definitely fuels the Somerville area population and gives it a University town feel. In 1982, The MBTA developed a central plaza linking station entrance buildings or the Boston and Maine Railroads. The plaza was designed to serve as the center of Davis Square, a gathering place and center for activities and entertainment. The plaza and the station were both eligible for state percent-for-art moneys. This meant that one percent of the cost of constructing the new station entrances was used to commission several figurative sculptures, including the Davis Square statues. This new development marked a major shift for the Somerville neighborhood. Somerville has now moved away from its affordable working-class roots and now contains some of the priciest homes in eastern Massachusetts.

Porter Square is full of shopping and dining options for those looking to explore what the neighborhood has to offer. The Porter Square shopping center is a hub consisting of two large buildings connected by an ample parking lot. The main building houses shopping staples including a Shaw’s, Ace Hardware, multiple cafes, Dunkin Donuts and Panera Bread. The Mega CVS building has an Emack and Bolios Ice Cream, Healthworks gym, and several art galleries. Adjacent to the Porter Square shopping center is the Porter Square Galleria, which offers patrons an Anna’s Taqueria, Pizza Pie-er and a Walgreens. Porter Square also has a number of delicious independent dining options such as Rod Dee, Bluefin, Masa’s Sushi Bar, and the Tavern in the Square. Head over to the Newtowne Grille for the best deal in Porter – a pitcher of beer and a large pizza for $11

Not to be outdone by their neighbor to the South, Davis square also boasts its fair share of arts, culture, dining and shopping options encompassing over 200 businesses. Some of the must-visits include the Somerville Theatre, The Rosebud diner, McKinnon’s Meat Market, and the Somerville candlepin bowling alley. The Somerville theatre offers its guests an array of entertainment including movies, live performances and a gallery of bad art. You read that right – a gallery of bad art whose mission statement is “to celebrate the labor of artists whose work would be displayed and appreciated in no other forum”. Davis square also plays host to several festivals during the year, including HONK! which showcases a number of traveling brass bands.

Having a knowledgeable local real estate agent on your side with exclusive listings in the Davis/Porter Square region can do wonders for making your making your apartment search successful. With databases controlling massive amounts of listings and abundant landlord relationships at their disposal, realtors have the ability to find you the perfect mix of quality, value and location in your new home. To find a qualified Real Estate Professional in Cambridge or Somerville consider visiting www.cambridgepads.com or www.somervillepads.com – these are the leading local real estate websites containing thousands of beautiful apartments. Also you can check out the Cambridge and Somerville Facebook pages at http://www.facebook.com/somerville.boston.apartments and http://www.facebook.com/cambridge.apartment

Jamaica Plain Real-Time Apartment Vacancy Rate at 6.70% as of April 28, 2014

If you’ve been entertaining the idea of relocating to Jamaica Plain this upcoming rental season, the time is now to make a move. According to a study of data done through the industry leading BostonPads database (www.BostonPads.com) The current vacancy rate of Jamaica Plain is hovering right at 6.7% This vacancy rate was determined by utilizing Boston Pad’s massive real time apartment database of over 121,000 listings in the greater Boston area (the most of any database in New England). The Jamaica Plains area of Boston commands 1,265 of the 121,000+ total listings in the database. Out of the 1,265 listings in Jamaica Plain, only 85 listings are currently listed as being available now or available to be rented before September 1st. Luxury buildings with internal leasing departments were purposely omitted from this study to provide the highest level of accuracy. From these numbers we are able to discern Jamaica plain’s real time vacancy rate of 6.7%. For comparison sake, the real time vacancy rate of greater Boston is 6.3%

Jamaica Plain is made up of several areas including the Arboretum, Center, Forest Hills, Hyde Square, Jackson Square, Pondside, and Stony Brook. What makes JP unique is how each neighborhood has its own personality that contributes to the charm of the area as a whole. It’s boarded by Brookline to the North, West Roxbury to the South-West and by Roxbury to the East. A plethora of different housing options exist in JP, including privately owned single and multi-family homes, large apartment complexes, professionally managed buildings, high rise apartments and refurbished condos. There’s a fairly even split between long term home owning residents and shorter term renters.

Jamaica Plain commands an area of approximately 4.4 square miles. It’s often referred to as one of the greenest neighborhoods in Boston due to the high number of Emerald Necklace Parks that boarder space. Olmstead Park stretches from the Riverway south to Perkins Street and houses Leverette Pond, Willow Pond and Ward’s Pond. The lovely Jamaica Pond is a huge draw for residents who wish to utilize the space for its walking trails, fishing, rowing and sailing. Its 60 acres of surface area makes it the largest body of fresh water in Boston. The Arnold Arboretum is a 265 acre park that holds a celebrated collection of plants and is maintained by Harvard University. Franklin Park is the largest park in the city of Boston. It also is the location of the Franklin Park Zoo which is an entertaining attraction for the whole family.

Public transportation options for accessing Jamaica Plain include the Green Line, Orange Line, and Commuter Rail. The E line Green Line train makes its final passenger stop at the Heath Street Station, located just at the cusp on the Pondside section of the neighborhood. The Orange line services the vast majority of JP, with stops at Jackson Square, Stony Brook, Green Street and Forrest Hills. The 39 bus also runs right down Centre Street and offers a reliable alternative to those who don’t live close enough to the train. The Forrest Hills station is a major hub of public transportation. There you can hop on busses that connect JP to Rosendale, West Roxbury, Hyde Park, Dedham, Westwood and Walpole. There are very few parking meters in JP and on street parking is free with a permit. This makes it a very desirable for the driving population. There are also a number of bicycle paths for those who are looking for a greener travel alternative.

A bustling arts and fine dining scene gives resident of JP plenty to do in their down time. The Footlight Club is the oldest community theatre in the US. Offering shows every year since 1877, the club currently resides in Eliot Hall. It currently produces 5 main shows each season including one fund raiser to insure the shows can go on. This year JP will host the first annual Porchfest. During Porchfest, friendly residents will open up their front decks to local bands that will use them as a venue to play music and entertain passersby. There are a plethora of locally owned dining options that stretch up and down Centre Street including Captain Nemo’s, Kennedy Fried Chicken, Blue Nile, Sorellas, The Haven, Canary Square, Grass Fed, The Blue Frog Bakery and Ten Tables. Jamaica Plain also lays claim to the original JP Licks, a delightful coffee and ice cream chain that has spread its way all across Boston

For anyone interested in a vibrant community that’s quickly and easily accessible to Boston’s cosmopolitan center, Jamaica Plain is an excellent option. To find the best apartment in the area, it’s incredibly valuable to contact a real estate agent with a vast network of listings and land lord relationships. A knowledgeable agent from www.jamaicaplainapartments.com can help you find the ideal mix of location, price and amenities in your new home. JamaicaPlainapartments.com is part of the largest real time apartment database in MA (BostonPads) with over 121,000 apartment listings and more than 14,760 landlords in the Greater Boston Area. Also you can check out the Jamaica Plains Pads Facebook page at http://www.facebook.com/jamaica.plain.apartments

Arlington Real-Time Apartment Vacancy Rate at 1.20% as of April 24, 2014

According to recent data gathered from BostonPads (www.bostonpads.com), New England’s premier real-time rental database, Arlington is currently experiencing a 1.20% rental vacancy rate. Of the 121,000+ apartment listings featured on the BostonPads database, 666 are for apartments located in the Arlington area, with 8 apartments currently available for rent. The number of available rentals does not include luxury buildings as this helps to ensure the highest accuracy of data.

Just six miles northwest of Boston Arlington offers a blend of suburban living with easy access to Boston’s urban sprawl, making it a popular location for families and young professionals. With a population of more than 42,000 residents and a number of local organizations and groups Arlington has an active and engaging community. Arlington also boasts a lively town center occupied by theaters (Menotomy Musical Theatre), shops (Capital Square), and restaurants (Flora, Tryst) serving up contemporary American cuisine. Residents have access to local nature trails and reserves such as the Alewife Brook Reservation, Spy Pond Park and Minuteman Bikeway that provide a quiet escape from the daily grind and city life.

As the birthplace of Uncle Sam and many momentous events during the American Revolution, Arlington enjoys a rich local history. Founded over 350 years ago, Arlington plays host to several historic sites including The Russell House, Henry Swan House and Old Scwamb Mill. The Arlington Historical Society works to preserve the history and heritage of the town in today’s modern society.

Bounded on the south by Route 2 and short distance from Interstate 93 and 95, Arlington is an easy commute into Boston. Additionally, residents can readily access public transportation via the Massachusetts Bay Transit Authority (MBTA) through the Alewife Station located over the Arlington border on the Cambridge side via the Red Line or the 79, 80 or 87 bus lines. With the planned MBTA Green Line extension commuters will also gain access via the Mystic Valle Parkway/Route 16 station once construction is completed in the next few years.

Parking in Arlington is generally limited to off-street parking with overnight parking prohibited on public streets between 1a.m.-7a.m. The town does make exceptions for certain circumstances (i.e.: overnight guest, disabled vehicle, driveway construction, etc.) and residents can request a one night waiver online.
The majority of the Arlington’s housing consists of single-family homes, but some areas of the town feature multi-family homes, condominiums and apartments. It is truly a great area for anyone looking for the perfect mix of a suburban and urban setting with a character all its own.

A knowledgeable real estate agent with exclusive listings in the Arlington area can make your apartment search easy and successful. To find a qualified Real Estate Professional visit arlingtonpads.com – the most valuable Arlington database containing thousands of beautiful apartments. Arlingtonpads.com is part of the largest real-time apartment database in MA (BostonPads) with over 121,000 apartment listings and more than 14, 700 landlords in the Greater Boston Area. Also you can check out the Arlington Pads Facebook page at https://www.facebook.com/arlington.apartments.boston to learn more about available rentals.