August 31, 2011 Mara Bushari

Rental prices for Boston apartments have hit record highs. For example, a Boston apartment averaging around $1,665 per month, with the market up 7% from last year and projected to go up another 6.2%. Boston’s luxury real estate and key locations have made the city the fifth most expensive rental market in the country.  Fewer constructions of new rental buildings in Boston have enabled the market to stay stable and resilient, while more and more people have decided to rent instead of buy in a down economy. Experts say that the demand for rentals will continue to increase, as homeowners who lost their homes to foreclosure or short sale in the recent years are unable to qualify for mortgage financing and therefore, cannot buy into the housing market.

This tight renting market has left Boston apartment seekers scrambling to get an apartment before the traditional changeover date, September 1. Even apartments that have been declared “overpriced” by many are getting rented and some people are even renting without a viewing. Boston is a hotter location to rent than before, with real estate in the Back Bay, Beacon Hill, and Cambridge in higher demand than ever.

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Mara Bushari

Mara is a creative thinker and strategic marketer. She graduated Summa Cum Laude from Boston University’s College of Communication and worked in international finance before joining The Bushari Team. Mara strives to exceed expectations. As Client Relations Specialist, she is a key facilitator in all team transactions, making the buying or selling process as stress-free as possible for the client. Mara learned many of her extraordinary organizational and problem-solving skills during her service in the Israeli Defense Forces, where she earned the “President’s Award” for exceptional service. In the military, Mara solidified her abilities to achieve top results in high pressure and time sensitive situations. In her spare time, Mara enjoys skiing, photography and writing.

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