As you all know Boston has seen a huge boom in apartment building construction lately. Take a look toward the sky in any neighborhood and you will see cranes, cranes, cranes. This is awesome for the city, however, the sudden influx of new inventory laden with high class amenities is creating a situation where building owners are competing for tenants in cut throat fashion.
Over the long term, the statistical data shows that the units will be absorbed and there is definite need for housing, but in the short term this is going to have an impact on the rental market. To get a better handle on the effect this is going to have we got a group of office owners, rental agents, sales brokers and some developers together to discuss the situation and here was the consensus.
