Allston Vacancy Rate is 0.7% in November 2013

After careful analysis of the rental listings provided by NextGenRealty.com, it was found that the Allston Vacancy rate stands at 0.7%. Of the over 6300 listings in Allston, 49 are currently available for rent. Luxury listings were purposefully omitted for the purposes of this study.

Allston is serviced by the MBTA Green B line; providing easy access in and out of the downtown area. Several convenient bus routes allow residents easy access to other subsections of the city such as Cambridge, Somerville, Brookline, and Brighton. In fact, over 50% of Allston residents commute via public transportation daily.

Allston is named for the noted painter, Washington Allston. His arts legacy can still be seen today in the hip and arty culture that abounds in Allston. This unique community has a fun and bustling nightlife for those who like to stay out late, as well as many eco-friendly events such as farmers markets during the day.

The Allston Shuffle is name for the annual bedlam caused by the entire neighborhood moving out of and moving into apartments on the same day. Any apartments left over after September 1st are quickly snapped up by a few straggling renters. Owners should consider making reductions to their asking rents in order to entice these few remaining renters to counteract the dwindling demand for apartments after September 1st.

If you are a renter currently searching for an apartment, or an owner looking to rent out their vacant apartment, it is imperative that you seek the assistance of the real estate experts found at NextGen Realty. For renters, with such low apartment inventory it is next to impossible to find a quality apartment without help. For owners, the Allston real estate experts at NextGen Realty will help to price your apartment correctly and find qualified tenants now that most apartment hunters have already been comfortably settled in their apartments for a month.  To learn more about the Allston real estate market, check available listings or explore investment opportunities, get in touch with a qualified agent at NextGen Realty.