Every year, hundreds of thousands of students come to Boston’s prestigious institutions to attend college. But this year, with the city’s apartment market experiencing all-time lows in vacancy and all-time highs in rents, many students and residents have been left scrambling for housing. Apartment availability in Greater Boston was at 1.07% last week, and vacancy was at 0.5%, according to BostonPads’ real-time tracker. Rental units in the region have almost entirely filled up in recent months — availability was a little over 3% in June and close to 5% in April, a year after eclipsing 12% in spring 2021. “Without a doubt, this year has felt like there’s more of a sense of urgency than I’ve noticed in years past,” said Chris Taylor, an apartment broker at Advantage Real Estate.Taylor works right near Boston University’s campus and said most of his clients are college… Read the full story here. |