Bisnow (July 15, 2020) -- Boston’s effective apartment rents fell in June, far outpacing the drop in asking rents, a sign that the apartment market has been more damaged by the effects of the coronavirus pandemic than developers anticipated. Rents in executed leases in Boston were 5.8% lower in June than they were last year.
Asking rents, which are calculated by deducting stated discounts from listing prices, have fallen by about 3.2% year-over-year, according to data from RealPage.
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